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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 New NCCP Laws a sham
If ever you needed proof of why these NCCP is unworkable its this:  Consumers are left at the end of dangling wrangling ropes between the Brokers, Bankers and Dumb ASIC.  Medcraft is in charge of this dog's breakfast and NO CONSUMER PROTECTION has taken place before, since or during the NCCP discussion and inception meetings.  Now one knows what they are supposed to be doing.  Buyers contemplating asking for a mortgage or refiannce: DON'T, as the RISKS will leave you utterly unprotected.   Read why the Broker Industry says so..............................and we agree:   "NO ONE KNOWS THAT THEY ARE DOING."  SO ITS BACK TO BUYER BEWARE................................DANGER AHEAD.  Whatever you do as a consumers never ever sign a Low Doc Mortgage High Risk, High Cost Loan...............................ITS A KILLER LOAN. Government given the hurry-up by MFAA by Calida Smylie | 20 Mar 2014   While the Treasury recently announced the government does not intend to proceed...
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We need to topple these bankers before they steal all assets/homes they can lay their hands on.  The Banks have pricked the Bubble and refinancing has stopped, which means TOP UPS have to be hidden for a short while.   The new NCCP laws do have the UNJUST CONTRACTS provisions that NSW had for over 30 years.  If you were from NSW you were protected from Banks for 30 years.  ASIC forgot to tell the public that fact!!!  How many bankers did the Corporate Fluffy Duck Cop prosecute?  Zero!   Government is blamed for allowing Brokers who are untrained and unlicensed to give financial advice, untrained to use bank strategies  provided with devious bank stationery and bank Manager teachers to ascertain whether your loan is affordable....something Brokers are not permitted or qualified in law to do so.  Yet Government permits the charade to continue and why the overly expensive broker model...
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  • doyla66
    doyla66 says #
    Thanks Denise, I too was not aware of Paul Clithero being in bed with these low lifes. I was under the impression he was helping w
  • doyla66
    doyla66 says #
    Ohhhhhhhh so Paul Clithero is not the nice helpful person i naively thought he was. Thanks Denise for revealing his true image. I
  • doyla66
    doyla66 says #
    You are dead right Lisa that's exactly what my broker did, but I was unaware at the time.
  • doyla66
    doyla66 says #
    You are completely correct Denise, Brokers cannot approve a loan and cannot provide funding, the engineers behind the Brokers are
  • doyla66
    doyla66 says #
    I was wondering why instead of having LAF with one figure for the loan, it was split on two forms. Now I Know ,this was done witho
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