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MORTGAGE
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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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Nab's lending practices have been questioned writes:  Peter Hemphill.  Weekly Times. 4th June 2014. Farmers and grain traders are questioning whether Nab is Australia's most exposed rural lender.   For a number of prominent dairy, grain and fertiliser companies that have gone broke over the past four years, in almost all cases NAB was their lender. The latest in a relatively long list of rural failures is Brenton Strauss' Sapphire (SA) pty.ltd. which traded as River City Grain Co. in Victoria. It collapsed in March with NAB owed $5.2 million, some of which was not secured. Sapphire creditor Stuart Ellis questioned NAB's due diligence on the failed grain trader, particularly its examination of Sapphire's history of payments. One farming family claimed it enlisted NAB earlier this year to ascertain whether Sapphire was financially secure before selling grain to it for the first time as part of a due diligence process. The...
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Every wonder how much money banks are making on each credit card per year?  MEGABUCKS.  Time to stop the rot, but I can only do this with your assistance. If you are on a pension and have finished your working life with monstrous credit card debt....here is a BFCSA solution for you.............................. Dear Imprudent Banker CEO: Mrs Dxxxxx is 78 years old and lives alone.  As a lifetime worker she retired in 1999.   She exists on an aged pension and owns her own home.  She has been a loyal customer of Major Bank for some 52 years.  The only debt she has is a credit card debt of $14,000.  Had she had this small amount on a P & I mortgage the debt was extinguishable in the long term at a much reduced rate of pay.  The current credit card products has been designed as a “till death do us part,”...
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http://www.yourmortgage.com.au/article/understanding-your-loan-contract-79411.aspx Mortgage misconceptions Even if you go through the contract with a fine-tooth comb and understand all the fees, charges, and conditions, it doesn’t mean you are fully protected. This is because of a feature known as the “unilateral variation clause”. Check the terms and conditions of your loan and you are very likely to find this clause in the fine print.  Basically this clause states that banks and finance companies can change any of the terms and conditions at any time without giving you any notice. Some of the things they are able to do is to increase the interest rate charged on your loan or even call in the loan at any time.  Experts say you really can’t do much about this clause which is basically standard in every credit contract. However, you should make sure your lender is part of an industry dispute resolution scheme as if you...
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    CUU2SKQN3 www.google.com says #
    CUU2SKQN3 www.google.com
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NAB JUST LOVES DEBT.....it wants to own each and every Australian and mire them in debt..............................beware of banks saying "we will save you." http://www.newsnow.co.uk/h/Industry+Sectors/Banking/Australia/National+Australia+Bank this site is full of NAB articles - just click on the link http://www.prnewswire.com/news-releases/national-australia-bank-subsidiary-clydesdales-tailored-business-loans-are-hurting-scotlands-youth-poor-homeless-and-abused-according-to-scottish-charity-destiny-church-252489981.html National Australia Bank Subsidiary Clydesdale's 'Tailored Business Loans' are Hurting Scotland's Youth, Poor, Homeless and Abused, According to Scottish Charity, Destiny Church GLASGOW, Scotland, March 26, 2014 NAB owned Clydesdale Bank has seriously hurt Destiny Church's work with the homeless, disadvantaged and women suffering from domestic violence. The Church has incurred substantial 'break costs' on loans it claims were mis-sold by Clydesdale Bank sales staff. The net effect is that Destiny Church has had to severely curtail it's charitable work with poor and vulnerable people. Destiny Church ironically owns Clydesdale Bank's former Headquarters in Glasgow which it now cannot afford to redevelop into a Community Centre, Church and Nursery. The loans sold by...
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  • doyla66
    doyla66 says #
    The depths Nab will go to to feed their greedy habit is astonishing. Seems that Nab are riff raff mess really, ongoing from the b
  • doyla66
    doyla66 says #
    Just wonder how much of this was associated with sub prime loans and securitisation? They probably had to buy back the securities
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Major Bank ramping up the bonuses to insider broker agents............more debt....................more loans......more misery.......Banks propping up hideous PONZI. Wait for Bubbles in property market to burst.   Its going to be very messy indeed.  Informant?  Little Birdie.....so Banks are desperately offering in house brokers big bucks. Major Banks will drift away from their external agents............................................. Problem with a PONZI - just like Bernie Madoff - you simply run out of people to financially ruin.  Can you hear the gurgle in the pipes?  These banks are unsustainable when promoting faulty products.  Have a look at potential domino effect on ASX..........serious stuff. This email address is being protected from spambots. You need JavaScript enabled to view it....
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  • doyla66
    doyla66 says #
    And if that incentive doesn't work, maybe Banks will advertise their fabulous introductory flexible fresh-as-a-daisy mortgage rate
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    DEATH NO ESCAPE FROM DEATH   Friday March 28 2014 the telegraph.com.au   Exclusive Geoff Chambers       Liquidators hunting the assets of doomed Sydney couple Li Yuan and Gu Najun may pursue a likely six figure compensation sum to be paid out over their deaths on missing Malaysian Flight MH370.  Liquidator Schon Condon told the Daily Telegraph last night that if debts owed to the couple's creditors - including to National Australia Bank, Australian Tax Office and WorkCover - remained outstanding he could pursue compensation money paid to the estate after their deaths on MH370 which went missing on March 8 with 239 people on board.       The compensation payment could be in excess of $200,000 per person if Malaysia Airlines follows a comprensation model adopted by Air France after it took a passenger jet over the Atlantic Ocean in 2009.  A private detective has...
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  • doyla66
    doyla66 says #
    It's a dreadful situation for their relatives. Made even worse when you consider that their debt to the Bank was probably securiti
  • doyla66
    doyla66 says #
    Unfortunately this is the way of the world. 2 people have died as a result of a catastrophic incident and no doubt their families
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