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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 credit cards
With Credit Card Losses at Record-Lows, Issuers Are Raking It In
Do most Australians assume that if you're over 18 you can drive a car and operate a credit card with safety? Neither are true as we've witnessed over and over again. Is the lack of proactive regulatory oversight due to a clear conflict of interest for the Australian Government?   This information (below) comes from a US site for a Credit Card Merchant Service. The site contains a lot of good information on international trends in credit card usage and the regulatory initiatives that are being trialled for the domestic economic management in a global marketplace.  It looks likely that Credit Card bonds will be issued at an increasing rate. My concerns are that this will: Increase consumer access to relatively unregulated credit at a high rate of interest Increase consumer exposure to serious debt related problems Increase the pressure on consumers to participate in imprudent credit card usage through advertising...
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  • doyla66
    doyla66 says #
    Re: Debit Card(Bank of Melb') - years ago it apparently also had a credit facility of $50.00 (go figure) & an unathorized transact
  • doyla66
    doyla66 says #
    Thanks Geoff - your awesome!!
  • doyla66
    doyla66 says #
    Wow! Thanks JJ and Geoff. Timely advice for me too! I'll probably need more information to make this work and be confident enough
  • doyla66
    doyla66 says #
    Your blog is relevant, I felt, to that just posted by Denise to which I replied. Under "Privity of Contract," as many may know, a
  • doyla66
    doyla66 says #
    Hi Geoff - what you have said is of interest to me greatly. My friend had an ANZ credit card and fell on hardtimes (death of partn
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  I suggest everyone take a look at the new NAB promotion for Honesty. Their home page takes you via a link to their latest credit card marketing strategy. Further down the page you can read the results of a survey : What makes Australians honest? I'd love to hear what other BFCSA members think of this. Is the NAB capitalising on the move toward ethics in business after Denise Brailey put them all on notice about telling the truth at the Senate Inquiry last week? Or is this just a co-incidence? After all we heard that Australians are losing their taste for credit. It certainly pays to be an enlightened consumer when considering buying into the credit market for any reason. Can you spot the tricks and traps in credit advertising yet? Enjoy!    ...
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  • doyla66
    doyla66 says #
    I hope people are passing on their insight into the lies in advertising used by banks. Even my smart friends can be so easily suc
  • Denise
    Denise says #
    It will be refreshing for NAB to start promoting honesty. However, I would like to see them advertise: "Good news and in line w
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