GLOBAL SUB-PRIME CRISIS

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BFCSA
MORTGAGE
DISTRESS SOS

What BFCSA Does...

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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BFCSA Blog

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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Dear members Both political leaders have given their prospective Xmas speeches and rightfully so have heaped praises on the unsung heroes and heroines of this great country, everyone from the police, doctors and nurses, military and all the volunteer workers and countless others who don't get the recognition they deserve. Both parties have made reference to the less fortunate in our society and I agree whole heartedly but what about the less fortunate who have been put in that position through no fault of their own. I'm talking about all the victims of the banksters and their unquenchable thirst for all our assets, these parasites and their lecherous lawyers have sunk to the lowest depths in order to make their profit margins bigger. To use stealth and cunning to lure victims into these falsified contracts is the height of audacity. What or who gave the banksters the green light to pursue flogging these...
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Members and Readers have been asking us about successes.  BFCSA Has done more for victims of Low Doc and Full Doc victims than any other organisation and we are not supported by Government.  Quiet simply we have never applied for funds.  Yes Mr Terry, we may have time to produce some statistics depending upon our people responding to surveys. 36% of TOXIC LOANS were written up by Bank Managers/Officers and NO BROKER involved....yet all are toxic loans.  18% of all loans are FULL DOCS. Many of the complainants are still with FOS as their staff are on overload and cases are now taking up to 18 months to process and conclude.  ASIC do nothing about consumer complaints.  COSL charge their own Lender members $5000 per investigation and throw all victims out into the street by closing files.  ASIC needs to ban COSL from handling consumer complaints.  In our experience Members say...
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  • doyla66
    doyla66 says #
    Must say that BFCSA has done a great work.Keep it up and continue your great service.
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