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BFCSA investigates fraud involving lenders, spruikers and financial planners worldwide.  Full Doc, Low Doc, No Doc loans, Lines of Credit and Buffer loans appear to be normal profit making financial products, however, these loans are set to implode within seven years.  For the past two decades, Ms Brailey, President of BFCSA (Inc), has been a tireless campaigner, championing the cause of older and low income people around the Globe who have fallen victim to banking and finance scams.  She has found that people of all ages are being targeted by Bankers offering faulty lending products. BFCSA warn that anyone who has signed up for one of these financial products, is in grave danger of losing their home.

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Retirement age moved to 96

Posted by on in From My Window
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I hope I can still keep my drivers licence 'till well into my nineties

because I don't know how i'm going to be able to get to work

otherwise. Thanks to the MONGREL BANKS, especially Adelaide Bank

for their imprudent lending.I could never understand how the banks 

could lend money to people nearing retirement now I do...because they 

do not give a rats*****. After I retire at 96 I shall be so happy to move into 

a nursing home no more mortgage, no more cares no more nightmares a couple of sedatives 

in the day.....  WHAT A GREAT LIFE i will finally be able to rest.

 

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  • doyla66
    doyla66 Wednesday, 26 September 2012

    My Grandmother lived to 103 I will have to beat her first to pay my loans

  • doyla66
    doyla66 Wednesday, 26 September 2012

    Thankyou, Outraged! I'm glad you said it.
    This is the clearest evidence of Banking Code Breach that keeps turning up again and again.
    It is also evidence of the lunacy of the Law that anyone could expect that as reasonable behaviour!
    My Grandmother went back to part-time work at 85, but that was her choice. Same with my grandfather who worked full-time until 85.
    What I've discovered is that when a person has to work due to financial burdens that is an added stress which can also shorten one's life expectancy.
    Thus a loan due to expire when the borrower is over 100 will probably outlast the borrower.
    And dealing with lending institutions is not good for our health because clearly their lending departments are full of lunatics with completely unrealistic financial and longevity expectations for Australians.
    If ASIC had been doing its job correctly we wouldn't even be discussing this ...
    When are they going to cancel all "lunatic" loans (no disrespect intended at all to borrowers holding such instruments of financial torture.)
    This has to be more than an administrative oversight or a miscalculation!
    ROLL ON THE ROYAL COMMISSION INTO BANKING - WIDE TERMS OF REFERENCE

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