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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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Subscribe to this list via RSS Blog posts tagged in $1.7 billion defaulting loans
Off-the-plan apartment values plunge in Sydney and Melbourne PUBLISHED: 19 Sep 2014 http://www.afr.com/p/business/property/off_the_plan_apartment_values_plunge_N1sLYmFWGhuZ9t6oiklEhK   Apartment values in Melbourne and Sydney are falling by up to 20 per cent between purchasing off the plan and buyers receiving the keys, despite housing shortages and booming residential prices, according to analysis.  Nearly 44 per cent of apartment ­purchases in the most populous cities are below the sale price at the time of completion, and units in mushrooming high-rises in major capital cities are the hardest hit, according to WBP Property Group, a company specialising in ­valuations and property advice. “It’s a tragedy,” said WBP chief executive Greville Pabst. “Some investors are losing their deposit because they can’t settle, or they have to make up the funding shortfall. Those considering these types of properties as investments should seek details on rental performance and history of capital growth.” It takes between six and 10 years for...
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How can any first home buyer afford to save $164,000 for a home deposit?      Property forecast: prices to rise by 19% with deposits to hit $164,000   By Audrey Bertin | 14 November 2013   http://www.whistleout.com.au/HomeLoans/News/Property-forecast-prices-to-rise-by-19-per-cent-while-deposit-remains-high   Sydney’s residential market is in fast recovery, with forecast by property forecaster BIS Shrapnel predicting housing prices in Sydney to rise by 19 per cent throughout the next three years. Adding up to this increase in budget for home buyers is the deposit, requiring more savings as prices climb – which prevents many first-home buyers from making the leap. The median price for Sydney’s houses is $690,430 at the moment, and it is expected to extend to $820,000 by June 2016. Robert Mellor, managing director of BIS Shrapnel reported that the main factors driving this price increase are a strong demand from population and overseas immigration growth and an under supply of...
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Get involved: Why? as one petitioner explains To prevent a banking collapse here in Australia because this would have a devastating effect on the population.   The future of our economy is dependent upon a Royal Commission.  MR DAVID MURRAY must recommend  ROYAL COMMISSION INTO BANKS AND ALL ASSOCIATED SUBSIDIARIES in the PROPERTY, DEVELOPMENT SCHEMES running PONZI STRUCTURES connected to Banking - wide Terms of Reference. THIS IS DOABLE  cut and paste link and sign in.  Then send to every community group you know of. Read the 1650 REASONS OF OTHERS Both partners to sign in - then send to 100 people and you will see the momentum building as other recognized organisations and groups come on board. This is the link and thank you for support as this is sorely needed and long overdue  https://www.change.org/p/mr-david-murray-chairman-of-the-financial-system-inquiry-recommend-an-urgent-royal-commission-into-australian-banks-australian-non-banks-collapsed-companies-the-regulators-asic-apra-and-all-subsidiaries-and-joint-partners Petitioning Mr David Murray Chairman of the Financial System Inquiry  Recommend an urgent ROYAL COMMISSION into...
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Recent Comments - Show all comments
  • kddeed
    kddeed says #
    I've gone public with it on Facebook, we've emailed it to all our contacts, c'mon those who have not done so, time to get on boar
  • setup
    setup says #
    Here is a great comment amongst many others on the petition. "I'm in utter contempt for and disgusted by a system that is rotten
  • setup
    setup says #
    Lets not become complacent. we need thousands more signatures - sign and pass on.
  • Jenny L
    Jenny L says #
    Please sign this Petition. It's easy and takes just a few seconds to do. Common everyone, sign and pass on for others to sign. Pe
  • setup
    setup says #
    A couple of hundred signatures went up today and in the last 30 minutes or so 103 went up - unbelievable. I have sent the petition
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http://www.crikey.com.au/2001/05/20/if-hih-gets-a-royal-commission-what-about-this-4-billion-loss/ If HIH gets a Royal Commission what about this $4 billion loss May 20, 2001 12:00AM Mortgage broker campaigner Denise Brailey is a true Crikey hero and in her latest excellent column she is calling for a probe into the losses of up to $4 billion in a variety of dodgy mortgage schemes.  Scathing criticism as to why no prosecutions took place abound on each page - we have a full set of docs on this one! Considering ASIC was bestowed with more powers than Mario in 1998, why has the regulatory one, failed to revoke exemptions for solicitors, who were running amok with elderly investors hard earned pennies? The Real Estate Consumer Association (“RECA”) - runs on a considerably less budget than ASIC - yet has managed to uncover $1.7 Billion of defaulting loans across Australia and at least $800 Million missing in action. In reality, the figure of...
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  • Aries
    Aries says #
    The year now is 2014 and still Denise is uncovering more and more corruption without any funding from the Government. If Denise ca
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