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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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Service Calculators - Secret First Macker Business

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Write to Owner of Firstmac: Mr KIM CANNON

Dear Mr Cannon......I am seeking a copy of the service calculator which Firstmac relied upon to assess the "serviceability, affordability of my loan application. The Complete Loan Application documentation required from broker to you included the service calculator copy. My signature was required in several places to suggest I had read and fully understood everything. I now find I was only given three pages to sign and all other pages including the service calculator form was to be attached by the broker and faxed to your bank as part of the Loan Application Form and therefore formed part of the entire document. Since my signature was used to ensure the LAF could be properly processed, we are entitled to a copy of the service calculator in law. This copy ought to have been given to me when signatures were obtained. Please ensure your staff are fully briefed as to my entitlement to a copy of this document and the copy posted to me immediately.

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  • doyla66
    doyla66 Thursday, 06 September 2012

    I'd love to see our loan service calculators - sorting fact from fiction is the name of the game.

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