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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 Toxic Lending in Timbercorp
Timbercorp victims set to sue financial planners, while liquidator presses for loans to be repaid Date August 10, 2014 Ben Butler http://www.smh.com.au/business/timbercorp-victims-set-to-sue-financial-planners-while-liquidator-presses-for-loans-to-be-repaid-20140810-102gco.html Lawyers representing victims of failed forestry group Timbercorp plan to sue financial planners who reaped $92 million in commissions after advising their clients to invest in the company.  The move comes as Timbercorp liquidator KordaMentha ramps up the pressure on victims to repay loans they took out to finance their investment by launching a flurry of legal action in the Victorian Supreme Court. Financial planning networks whose members sold Timbercorp products include the CBA’s scandal-plagued Commonwealth Financial Planning and Sentry Group, which is owned by the bank that financed Timbercorp, ANZ.  BusinessDay has seen loan application forms filled in by clients who used financial planners that have blank spaces where the investor’s assets and liabilities are supposed to be disclosed.Timbercorp paid planners and advisers commissions of up to 10...
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