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BFCSA
MORTGAGE
DISTRESS SOS

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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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1.  The Bank copy of the LAFs which were missing and never sent to Storm or the customers remained hidden despite a Senate Inquiry 2.   Banks Officers known as Business Development Managers BDM's frequented Storm offices - to teach Brokers how to use the CBA Service Calculator 3.  The Faxed copy of LAF from Bank (those who have secured their copy) differs from the originals. 4.  Only Brokers who kept their originals and ignored bank warnings to "shred the wet-ink LAF" have proof.  Proof the Broker was not the culprit 5.  Brokers are saying they were under instructions from Banks that ALL LAFs faxed to bank must have SERVICE CALCULATOR page and ICW (worksheet) attached to the LAF.   6.  Bank customers were told to sign  "we have read and understood everything" yet Banks only asked for three pages to be presented to all clients, knowing all other pages had...
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  • doyla66
    doyla66 says #
    There are people who are pursuing this and more and more information is being uncovered. What happened with Storm Financial loan
  • doyla66
    doyla66 says #
    Declan Carnes from BOQ North Ward is only being defended by BOQ and ASIC at the moment because if they do anything to him - he wil
  • doyla66
    doyla66 says #
    Anything less than jail time for persons who know that this fraud on low doc loans is occurring is unacceptable. If staffers at FO
  • doyla66
    doyla66 says #
    ASIC has tolerated Banks stating "files are missing" If files are missing then loan must be immediately extinguished as no proof
  • doyla66
    doyla66 says #
    It may take time Denise but I'm sure I speak for all members if BFCSA:...we will not give up until the truth is exposed, it's only
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I am constantly asked re credit cards what do we do now: I suggest you all lodge Credit Card complaints with FOS especially the offer to raise the debt was given to you.  Look at FOS website re Credit Cards and it clearly shows where grounds for complaints are more than possible.  Australians being charged a staggering $6.2 billion in credit card interest annually.  Tom Godfrey of Choice is saying the market is dominated by THE BIG FOUR BANKS and that's not good for Consumers.  Nothing in banking is good for Consumers right now as these Banksters are so dishonest, deceitful as we have proven time and again.  Also start going to media as it is a BIG story of how Banks insisted on a Mortgage Borrower taking out THEIR credit card when they already had one.  www.fos.org.au What a Bunch of Bankers..................I am writing a book............... They said "you do...
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  • Denise
    Denise says #
    We as a group have power and strength in numbers. Its called collectivism, and it can move mountains and start class actions, cha
  • doyla66
    doyla66 says #
    As I have said before a condition of my re-finance was I take out a platinum card with ANZ yet having been an existing customer fo
  • doyla66
    doyla66 says #
    Oh Lisa .... I agree......... The anguish of our situation is enough for someone to end it all. The pain, the anxiety, the depress
  • doyla66
    doyla66 says #
    Same same same One mortgage Another mortgage and a third mortgage 5 credit cards maxed out trying to save the sinking ship not kno
  • doyla66
    doyla66 says #
    Re interest on cash advances - I believe that is conveniently charged right up until the entire card balance is paid out if one su
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Aussies just want a fair go, so here are a few tips to ensure all Australians about to sign a Mortgage Application in 2014, are prepared enough to ask their Lender some serious questions BEFORE SIGNING.  Before you sign, tell the Mortgage Seller - these are MY RULES: 1.  Demand the Broker or Bank Manager immediately hand you two copies of Loan Application Form ("LAF") and sign both and RETAIN the second original document for your records.  Ensure the LAF is 11 pages (not the usually presented three pages).  Its a bank scam.  Refuse to hand the signed original over unless there is an ORIGINAL COPY for YOU. 2.  All prospective borrowers MUST receive a phone call from LENDER asking "How much do you earn."  If Lender does not do this after you have submitted the Loan Application Form....then cancel the LAF as a document and process and tell them the reason being "we suspect...
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  • doyla66
    doyla66 says #
    You have to be assertive and insist on your rights in all financial dealings now in Australia. This is because our regulators hav
  • Denise
    Denise says #
    Excellent spin Andrew and with all due respect you probably do not realise that the product you are selling/promoting does not sav
  • doyla66
    doyla66 says #
    I can only hope this is intended as humour, . . . . .seriously, no one is out there trying to rip their clients off, not a bank le
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Well we know what ASIC has been busy with this past decade:  handing out fines to Brokers for "non compliance of its old and new laws."  We have been consistently warning Australian Mortgage Brokers that ASIC will come after you chaps but will not use the 2010 laws against fraudulent loans generated by bank engineered SERVICE CALCULATORS that automatically fudge client income figures.   ASIC have been fully briefed on what is going on but refuse to act against the PROTECTED Bankers.  ASIC have the laws and the powers to handcuff and charge every bank executive involved in LIAR LOAN engineering.  So what is ASIC doing about that gem?  Absolutely NOTHING..........NIENTE......ZIP............In three years the "new" laws are now "old" laws and they are copies of previous legislative tools that ASIC had in its arsenal but failed to use for 14 years.  AUSTRALIAN BANKS have been handsomely profiteering, racketeering from fraudulent LOW...
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  • doyla66
    doyla66 says #
    "Commissioner Greg Tanzer says that ASIC regularly checks the veracity of information lodged as part of the requirement to lodge a
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Just remember this figure:  18% of all people surveyed by BFCSA, say they have FULL DOC LOANS arranged by Bank Managers and NO BROKER INVOLVED yet all were toxic, unaffordable, designed to implode at 6 years and, all were fraudulently altered after people signed and without their knowledge and consent.  36% of all our people surveyed said their loans were either FULL DOC or LOW DOC arranged by Bank Managers and NO BROKER INVOLVED yet all were toxic, unaffordable, designed to implode at 6 years and, all were fraudulently altered after people signed and without their knowledge and consent.  No-one across Australia received a LOAN APPLICATION FORM despite the fact that under Contract Law the customer is entitled to a document they are asked to sign.  You are entitled to a copy at point of signing, yet this most important decision of a lifetime and NO-ONE received a copy and ASIC state "no systemic issues." BFCSA has managed to unravel how the Loan...
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  • doyla66
    doyla66 says #
    Just wondering, Change, what percentage of each Bank's value is created by their home loan and then business loan book? Our econo
  • doyla66
    doyla66 says #
    Good one, Paul. Herald the coming investigation, inquiry and Royal Commission into Banking. Then give the Bank, non-Bank lenders
  • doyla66
    doyla66 says #
    EXACTLY Paul - an amnesty could work, otherwise our whole economy as we know it will go down the gurgler.. also, our "live' loan
  • doyla66
    doyla66 says #
    That's right Paul, we are the innocent party against the bank crooks. It's not hard to detect brazen fraud on the laf's when an in
  • doyla66
    doyla66 says #
    If a document contains my signature and it is related to a then live loan it CAN NOT be destroyed. Remember this is a crime scene
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TRUST IN THE BANKING SYSTEM has broken down.  Refinancing has stopped.  Loans that implode in 7 years are now (under the NCCP law) imploding in 3 years.  All those who were "stitched" up by banks with Low Docs and Full Doc non affordable loans will then face the sheriff and loss of homes and ASIC know that.   Since deregulation 1986, citizens have lost long term security that should have been there if you worked hard to achieve your own home.  At the bottom of every scam, there has been a corrupted regulatory regime and of course BANKSTERS.  Our Federal Parliament MUST recognize that at the bottom of every scam and property bubble there are the doyens of the banking world........a world of "high" finance and looting.  Yet for the Banksters to continue to steal homes and arrange monstrous financial scams, there has to be a corrupted Securities Commission.   Our...
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  • doyla66
    doyla66 says #
    Today Tonight were going to do a big expose story on the CBA's document tampering, forgery & fraud, but when it came to be aired o
  • doyla66
    doyla66 says #
    Thanks Denise for that article, very informative. I was wondering why every media outlet I contacted were not interested in our st
  • doyla66
    doyla66 says #
    Well organised crime spree in Australia - spread the word, warn everyone, without delay. Great information, thankyou, Denise. The
  • doyla66
    doyla66 says #
    Euthanise A-SIC gaggle-of-security-chiefs' duplicitously romancing bank$ters; gang$sters; sham$ters lest "pitchforks will prevail,
  • doyla66
    doyla66 says #
    You hit the nail on the head Guest, I believe most television stations have a heavy debt with the banks and of course they do a lo
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