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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 End the Broker Carnage
Mort, You are all the right track in regards to the Broker/Banker Relationship.  Members and guests always bear in mind that Brokers are a created industry which really should not be necessary. If Banks/financial institutions were more efficient there would be no need for this industry. As such Brokers income is derived from on selling and very handsomely in most cases.  While this industry helps keep employment figures on track it is at the expense of the Aussie mums and dads and families. With this in mind it seems to indicate that without the Brokers, loan/money would be available at a reduced interest rate for customers directly from the bank/lender.   Remember Brokers do not have  the ability to approve or make a decision of the money/loan approval. Brokers cannot provide the money for a loan, credit card etc.  Brokers are under the instructions of a Financial Institution and cannot act...
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  • doyla66
    doyla66 says #
    Good read Andy and thanks. FOS know alright they just bury their heads in the sand the same as ASIC. There will be a break throu
  • doyla66
    doyla66 says #
    NABedNanna,NAB="organised-crime-gang" raping&pillaging while "RBA governor Glenn Stevens says Aust remains a "lucky country" becau
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