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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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Senior Libs disapprove RBA cut yet previously said Rates will be lower! Meanwhile Banks blow Property Bubbles

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Dear members

As we all breathe a sigh of relief for the R.B.A. cut, two senior Libs weren't as gratefull. John Howard and Joe Hockey both independently said they're to low and when the journo's said it was good for mortgage holders both stated its not good for people with deposits.

Mr Howard and Joe Hockey have no idea what a huge impact that cut has on us, $70 plus extra in our pockets a month can mean the difference between having a roof over our heads or being on the streets. The only downside is I can't imagine them going much lower. The 2.5% cuts although not passed on in full thanks to our lecherous  banks, of the last eighteen months has meant our survival.

(ED: It will go down again and we know why Neil.  Also it was Mr Howard who said: "You will have cheaper rates under Libs....>>>Spin from both sides)

The people we are now forced to go to begging cap in hand for assistance have no idea or comprehension of how all our lives have been devastated. The politicians, senior public servants and lawyers and economic  bods at the regulators are all on decent wages as well as their lurks and perks live the good life, do they know what its like to rob Peter to pay Paul to meet monthly loan repayments?

Both party leaders use old Australian colloquial sayings to make them sound like your average Aussie battler yet the pollies are far from battling!   John Symons from Aussie Home Loans uses the same tactic and look at his millions.

It doesn't matter whether its your vote or your money the SHYSTERS of this world will use every trick and lie in the book to con us and its always the decent and trusting ones who are the victims. Thanks Neil T.

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Comments

  • doyla66
    doyla66 Tuesday, 06 August 2013

    Watch the Home Loan ads triple overnight.
    First Home Buyers and investors jumping in when the interest rates are at an all time low.
    Hopefully they will factor into their budgets,the same amount of interest rate rises when the economy picks up or we will have another mortgage disaster on our hands.
    Real Estate prices haven't dropped,with only a 5% deposit,everyone considering a mortgage should make sure they have plenty of income to service future rate rises.
    What comes down eventually heads back up.
    And the only ones that profit are the banks and their mates at the law firms.
    Be careful.

  • doyla66
    doyla66 Tuesday, 06 August 2013

    Neil, 2 x 0.25% reductions next 6months as many underlying problems ie: massive no's of defaulting-toxic-loans coming home to roost....

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