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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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Predatory Banks again - ONE IN THREE have agreed????  I smell predatory tactics and bank induced "targeting."  Get legal advice from parents own independent lawyer.  This will get very ugly indeed as children ask parents to assist on encouragement from Bankers greedy for bonuses and profit.   Banks do not advise parents to seek INDEPENDENT LEGAL advice.  BFCSA MEMBERS HAVE SEEN ALL THIS and then are gobsmacked when parents also lose their home.  These are HIGH RISK and High Cost Loans.  Where are the Politicians?  Having lunch with JS?  We need to stop Bankers engineering these faulty unsafe products!  Its a carnage out there.   This email address is being protected from spambots. You need JavaScript enabled to view it. http://www.news.com.au/finance/real-estate/one-in-three-parents-give-children-home-deposit/story-fncq3era-1227033513993   August 23, 2014   EXCLUSIVE: One in three first-home buyers is given a deposit by their parents to purchase property, in a trend that lenders say is booming. Mums and dads are collectively paying out $122 million a year to shoehorn their children into home ownership, with...
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  • brett@sctelco.net.au
    A false economy led by hungry banksters only interested in lining their own pockets at our expense. Gordon Gecko is alive and livi
  • Aries
    Aries says #
    Scare tactics used yet again by banksters, "by the time they save any sort of deposit the housing prices will have gone up so they
  • setup
    setup says #
    I agree Nanna. Kids should be taught to save their own deposit. My very wise Dad used to encourage us to save as big a deposit as
  • NABbed Nanna
    NABbed Nanna says #
    Felt sick when I read this article re: parents being guarantors using their own homes as security. This I'm afraid can only lead
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