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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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Led by award-winning consumer advocate Denise Brailey, BFCSA (Inc) are a group of people who are concerned about the appalling growth of Loan Fraud around the world. BFCSA (Inc) is a not for profit organisation in the spirit of global community concern and justice.

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Your Claim Against the Banks: eg Westpac and La Trobe

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Pay payment on original loan, whilst we try to sort out the mess caused by a decade long Government neglect.

The BIG POINT IS both Lenders approved the loan without checking: – truthful purpose, truthful income – had no regard for your financial well-being.  Onus is on the bank to CHECK THE AFFORDABILITY AND HAVE REGARD FOR PURPOSE OF LOAN (see Khoshaba


And also Permanent/Firstmac VS O’Donnell and; KOTEVSKI(NSW); MICHAEL & KAREN COOK; SCHMIDT (VIC); KHOSHABA (NSW); van den BERGH (WA) there are others incl SA, and one we are waiting for in WA.


Otherwise an:

 IMPRUDENT LEND or Maladministration in Lending….

Lenders must have regard for PURPOSE OF LOAN (to stop problem gamblers eg etc)

Lenders must have regard for AFFORDABILITY and use a cost of living assessment test

Lenders must have regard for FINANCIAL WELL-BEING of their customer


Also successfully argued for the victim:  The Broker was the AGENT OF the Bank:  Lender had Obligations in Law under the Anti Money Laundering and Anti Terrorism Act.  Bank transferred its obligations in law to the BROKER to collect all forms of IDENTIFICATION DOCUMENTATION (ie Drivers Licence, Passports, Bank Statements, Rate Notices.)



NO case has yet presented the dreaded and evil SERVICE CALCULATOR which now terrify the banks and why they will not produce the document!!!

The reason it has NOT BEEN ARGUED: BFCSA only discovered this in past 12 months!

The role of the BDMs and the 4000 emails AS EVIDENCE proving Lenders instructed BDMs on highest level to alter policies to say: “Good news, we can now do ABN’s for a day and still fall within lending policy guidelines….” AND for BDM’s to go around to broker’s offices 20,000 – 40,000 reps and teach tem NEW BANK POLCIES of LOWERING STANDARDS AND HEIGHTENING RISK…..x 36 lenders….and all at identical time frames!!!!! = CARTEL


So all Members can write a letter by cut and pasting these directions to the Chairman of the ACCC: MR ROD SIMS

Subject:  BANKS RUNNING A CARTEL:  BFCSA has the evidence……..




We NOW have additional evidence of impropriety and improper lending practices.


If the Banks CHOSE (as in corporate decisions and policies) to ignore the laws and take huge risks in lending then they must wear the consequences according to our Judiciary.


VERDICT IN 8 CASES (in 4 states) TO DATE:  Lenders to hand back Title Deeds in 30 Days, Discharge Mortgage in 30 days (bank’s expense) no more fees and charges apply and Bugger Orf!!!


If you had a pre existing Mortgage (ie it was a refinance of existing mortgage) you still owe the debt (unless that one was fraud also and then YOU have to dig up the LAF and follow same pattern etc )and peel back to ORIGINAL POSTION as if you had never met the first bank bandit………………

If you spent banks money on repayments then claim for all monies paid as interest – Lenders cannot profit from a  fraud.

They could say you have to have regard for RENT you would have paid in some cases.

So you claim the difference.

If you spent bank’s money on a car, trip, boat plane, renovations, constructions…that is to YOUR BENEFIT.

See our template on HOW TO MAKE A CLAIM for further details.



These are NOT MY words: twelve Judges agree, plus High Court Judges.


Start writing to ACCC NOW


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HI Denise,

Our RAMS WESTPAC refinance payments are $x,000 a month. RAMS Westpac refinanced LaTrobe loan.

Initially, LaTrobe loan was a 30 year term to buy land. When we were ready for the construction funds, LaTrobe changed the WHOLE loan to only a 1 year term.  When we quizzed the broker as to why just for one year loan he said it was because it now was a construction loan. We just accepted what he told us...... so he arranged refinance when the year was up.  I reckon we were conned big time..our loan was bumped up on refinance to $1,000,000 to afford paying the payments.   We have not paid any repayments to RAMS Westpac since May 2012.

I believe we should also have our loan frozen whilst this is sorted out.  What do you think?


BFCSA Member



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  • doyla66
    doyla66 Sunday, 02 September 2012

    I was wondering whether some form of loan service calculator comes into their credit assessment before granting a credit card or an increase in credit limit?
    I've noticed that each time I paid out the credit card that seemed to trigger an offer of higher credit limit.
    When I needed a higher credit limit it wasn't possible to get it as it wasn't being "offered".
    What's the bank logic behind that?

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