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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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Hungry and dynamic: Young brokerage takes off Australian Broker News by Calida Smylie | 03 Apr 2014   A fledgling Sydney brokerage is crediting its team of young mortgage brokers for its record home loan applications lodged in March.Shore Financial was established just a year ago and lodged $100 million home loan applications last month, beating its previous record of $63 million and well on the way to achieving the company goal of $150 million by December.Managing director Alex Nochar credits his fresh and enthusiastic team – the average age is a youthful 26 – for the company’s success.“We’ve got young brokers who have no preconceived ideas about the industry and we can teach them how to do it well. They’re hungry, dynamic, bright, intelligent people from different backgrounds and I think it makes a difference. They’re able to generate inquiries with enthusiasm and professionalism.”Nochar has been in the broking industry for just...
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  • doyla66
    doyla66 says #
    I actually cannot remember ever having to scrounge for employment. I know there was always some competition in the work market bu
  • doyla66
    doyla66 says #
    Definition of a JOB as per how jobs used to be in our day Nanna JOB is Just Over Broke. Too much competition from foreign interes
  • doyla66
    doyla66 says #
    Guess a jobs a job these days Organza. Public opinion of Finance Brokers is like years ago when we classified all Car sales perso
  • doyla66
    doyla66 says #
    So who are they selling all those mortgages to? If SMSF funds they had better watch for they are NOT covered re compensation if a
  • doyla66
    doyla66 says #
    Sound like tricks of the trade are being passed on to the gullible young to me. Maybe I am old fashioned and old in body but I wo
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VEDA research has suggested a report shows 2.7 million borrowers placed incorrect information or fraudulently over stated their incomes.  This leaves a worrying trail of questions about the authenticity of this report, commented about by Gadens lawyer Jon Denovan.  We have no faith in Gadens as they and Kemp Strang are the law firms sending mortgage contracts to bank clients.   Those law firms make a motza from toxic low docs....but they will say lawyers business is to draw up contracts...we have nothing to do with approvals. Yes BUT theses firms are making money from something we know to be an Australian wide spread scam.  That's our evidence in Parliament.   Gadens also make more lovely dollars from prosecuting the victims, so they must know a thing or two and do not object to making more lovely fees.  Most aussies would call them "bottom feeders." We do not say VEDA's methods...
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  • doyla66
    doyla66 says #
    I don't trust any of this. Why such a survey and why such a report? To me it looks like they are setting up something or letting
  • doyla66
    doyla66 says #
    This is dreadful. Information like this deserves thorough and honest investigation. Surely the Australian Government must call a
  • doyla66
    doyla66 says #
    Is it 2.7 million in known and admitted fraud loans in 2013? Or is it 2.7 million actual fraud loans across the board? Many more f
  • doyla66
    doyla66 says #
    Most of these reports are designed to suit. Wouldn't have any faith in Gadens given their major income stream is taking down bank
  • doyla66
    doyla66 says #
    They just dig a bigger deeper hole.... Yes many questions need to be answered.... Why on earth did the banks approve all the loans
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