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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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Reader asks:  Where are all the people affected by Matt George from Money Choice lets all get together and make the government do something? Dear Reader: You need to be in a collective group which we have already provided. Your power is in numbers.  Just email me and we will place you on the MC register to enable you to plan the next chapter and take control of the situation as aggrieved consumers with a voice. Did you notice that Stephen Kane was head of the aggregator FAST GROUP, picking up the bank commissions re Matt's deals, and where is Stephen now? He works as exec for NAB of course! And what has ASIC concluded after the flood of complaints?  What has ASIC done re the banks that approved loans for MC victims? This email address is being protected from spambots. You need JavaScript enabled to view it....
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  • Denise
    Denise says #
    As usual ASIC doing nothing. Senators must be really really frustrated at dealing with the ASIC regulatory idiots as we all are.
  • doyla66
    doyla66 says #
    I have heard that this con man when he sold his loan book spread his millions into about fifty different solicitors trust accounts
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We have hundreds of dodgy RAMS HOME LOAN files whereby the service calculator manufactured the fraudulent income.  Why is Broker/Agent punished by ASIC and not the LENDER.  Who is ASIC protecting?  ASIC has to be labelled the biggest protection racket in town.  Here is the problem.  Money Choice representatives were placing their loans via Major lenders and RAMS.  RAMS dealt with brokers directly.  Steven Kane now NAB exec, and director of FAST GROUP aggregated Money Choice deals.  Kane also was reported as contender for head of MIAA.  Any more info out there on these deals?  So if ASIC nailed RAMS for approval of fraudulent loan and for providing the dreaded service calculator that caused the fudging of incomes, surely that would stop this system issue dead in its tracks?  We kept warning Brokers you will carry the can.................  Peter KELL doesn't get it......yet again.................ITS THE BANKS STUPID..........................Then you say "this type...
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  • doyla66
    doyla66 says #
    Don't rush them Denise, first they have to thank you for bringing it to the Government's attention, then they have to all get thei
  • Denise
    Denise says #
    No matter what the Brokers were doing with Bank engineered service calculators, geared by lenders to hoodwink borrowers, why hasn'
  • doyla66
    doyla66 says #
    I wonder what date Andrew McClure started working for Rams in this capacity? Does anyone know? So Mr Kell decides to rub this blo
  • Denise
    Denise says #
    If you are a RAMS, Money Choice or McClure victim, we would love to hear from you [email protected]
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Posted by on in Consumers Fight Back
Hi Everyone,  I am just wanting to ask if anyone has had problems with a broker called Money Choice????? I have been virtually made bankrupt from their advice!  Money Choice financed my property and then using equity from my own home advised me that I would be able to get finance to purchase other property.  I then used the equity in my own home to put deposits down on other property that I purchased off the plan through Money Choice under their guidance.  They told me how much I could finance to and how much I could afford.  I then chose the property and entered into the contracts of sale and paid the deposits from the equity in my house.  MY HOUSE MY HOME! However when the properties were completed and due for settlement Money Choice couldn't get finance.  In a panic I went to other brokers and lenders who after looking...
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  • doyla66
    doyla66 says #
    has anyone hear any news on what will happen if any thing will happen to Money chocie and Matt
  • doyla66
    doyla66 says #
    I see Money Choice is important enough to get its own button. Use it people register if you havnt already and let the figures of p
  • doyla66
    doyla66 says #
    Well folks as promised (watch this space) the new phase began this morning. Keep up your letters to ASIC and FOS they are now more
  • doyla66
    doyla66 says #
    Dont forget your ASIC letters while your at it write one to FOS as well just keep these REGULATORS up to date with what is happeni
  • doyla66
    doyla66 says #
    bfcsa is on facebook now http://www.facebook.com/#!/BFCSA/info
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