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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 Bankster Engineered Loans
    What has been going on in USA and elsewhere around the world, has been happening here in Australia FOR YEARS also.. What are all the banksters hiding??.. Thanks to Denise Brailey and BFCSA member blogs and comments we are finding out. Most of us borrowers should never have been approved for millions or perhaps $57 billion in loans in the first place.  It is only clear after the intended FIVE YEAR IMPLOSION MARK (generally the interest only period) that these loans were non affordable from DAY ONE, based on our net income at the time.  It is now clear that the Bank Engineered Strategies used by the bank staff (36%) and their agents (64%) with the use of Line of Credit, credit cards and extra “top ups” thrown at us to help pay the interest (with the bank's money) was HIGH RISK. The bank strategies guaranteed to sink us financially and help the...
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  • doyla66
    doyla66 says #
    Can someone enlighten me how a broker selling a bank product is any different from a new car dealer selling a car manufacturers pr
  • doyla66
    doyla66 says #
    Yes Ed, how did the banks become exempt of their faulty products I wonder?
  • doyla66
    doyla66 says #
    Reading you blog surely brings home all the home truths we have all been subjected to. The Broker involved did not even complete
  • doyla66
    doyla66 says #
    This our story. Except that we have 4 LAF's (which we didn't know existed until BFCSA ) and NONE of them have our signature on th
  • doyla66
    doyla66 says #
    Thankyou Change for that true discription. Very well explained and very helpful for the new members - it will assist them in under
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