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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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From My Window

These are blogs which are not specific to any other categories

Subcategories from this category: Time to Relax, COURTS & LEGALS

Posted by on in From My Window
A simple mistake made by your bank could cost you thousands of dollars on your mortgage or savings, and the problem is you may never know it.   http://au.news.yahoo.com/today-tonight/money/banking/article/-/16156022/costly-bank-mistakes/...
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Posted by on in From My Window
Reporter: Helen Wellings Now there's an easy way of checking your statements.. discovering mistakes BEFORE they mount up. Lyndsey Knight found she was getting short-changed by her bank .... month after month. "I was getting a feeling that something wasn't quite right and I couldn't put my finger on it." Said Lyndsey Knight The bank had made a critical error - not linking her mortgage account to her offset savings account, despite Lyndsey requesting it. By linking them, money in her savings account would be offset against, or deducted from, what she owes on her mortgage and interest charged on that LOWER loan principal, saving a motza over the term of the loan. "If you were to say your mortgage is two hundred thousand but you've got five thousand in the bank, then you only pay your interest on the $195,000." Said Lyndsey Knight The bank's mistake would have a drastic...
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  • doyla66
    doyla66 says #
    Thanks, Marianna Good to know this program can pick up errors, save people money and show them how to get out of debt sooner.
  • doyla66
    doyla66 says #
    Thanks Marianna - good find - have posted it on FB and sent it to my kids. Helpful info.
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Posted by on in From My Window
Dear members This mornings Australian states that the Labor party's approval rating has not increased even though they achieved 78% approval for the NDIS. Putting Tony Abbott on the spot by saying put up or shut up back fired when he gave it full support thus robbing Labor of an election agenda. Tony Abbott by sticking to his guns for a paid parental scheme is trying to lure the female vote, while sound in principle is something we can ill afford at present. Both parties are dangling carrots, Labor out of desperation, coalition trying to appeal to all classes.Tony Abbott lives in the past and is always referring to the good old Howard days, does this mean John Howard will be a future advisor to the coalition government. Penny Wong this morning stated there is a seventeen billion dollar shortfall in income yet the Labor party are committed to huge expenditure...
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  • doyla66
    doyla66 says #
    You've got it, Neil. Yes, Libs are steeped in tradition and history (their own) - John Howard and Peter Costello will be advisers
  • doyla66
    doyla66 says #
    Both major parties have had years to address the public's cries for help but chose to keep us in the dark for their benefit and t
  • doyla66
    doyla66 says #
    Agree Neil ..."Unfortunately for both parties the average voter now has access to mass media and are now more well informed than a
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Roger Montgomery
This interview was held after last years Senate enquiry August 2012.  Thank you Ross Greenwood for following up.  Last nights interview with Denise regarding the Australian Voice Party and BFCSA update will be uploaded as soon as available. Click on this link to listen to last years radio interview.  http://www.viaway.com/5925604/banking-and-finance-support-group-on-low-doc-loans/view.aspx?returnToUrl=http%253a%252f%252fwww.viaway.com%252fchannel%252f131-18242%252f2gb-money-news-ross-greenwood%253fpage%253d43...
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  • doyla66
    doyla66 says #
    Recommend everyone listen to this short interview. Lenders and their agents upsold borrowers on bigger and bigger lo doc loans an
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Posted by on in From My Window
extracted from The Sunday Mail Page 59. 5/5/13  BY JESSICA IRVINE National Economics editor   DROWNING IN DEBT - $3,364 BILLION - TOTAL AUSTRALIAN DEBT $866 billion - Household debt on owner occupied housing $412 billion - Household debt on investment housing $136 billion - Household debt through credit cards and personal loans $731 billion - Business borrowing from financial institutions... $721 billion - Corporate debt raised through the sale of bonds $271 billion - FEDERAL GOVERNMENT DEBT $227 billion - STATE AND TERRITORY GOV. COMBINED DEBT $1,474 BILLION - Australia's gross domestic product - the value of our economic production each year   228% - TOTAL AUSTRALIAN DEBT AS % OF GDP     ...
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  • doyla66
    doyla66 says #
    I think our government are a bit slow to cotton on. Their leadership style including debt management does influence the Australian
  • doyla66
    doyla66 says #
    $1.4 TRILLION DEBT just for Aussie households alone! As Ross Greenwood 2GB Money Show host commented during his interview wit
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Dear Members

Its an historic occasion that we are now on the road to forming our own political party but first and foremost its a sad indictment that in the first place that our elected members of parliament refuse to take action or even acknowledge there is a problem thus forcing us to take this cause of action. The pollies tell us ASIC and the EDR's will resolve our "disputes". What rot! How can they resolve disputes when they are taking advice from the likes of Jon Denovan, that's like putting the fox in charge of the hen house.

We do not have DISPUTES with the banks, we are reporting a crime of fraud and forgery and faulty financial products marketed by the Banks.  Any other faulty manufacturer would be prosecuted and order to pay restitution.

It will be interesting  to see how the two major parties react>  Will they call Denise the Pauline Hanson of the West, will we all be labelled radicals, non conformists, ratbags and the loony fringe. You see on t.v. how the majors regard independents, they are only tolerated because they hold the balance of power and only get there deals done because of this.  Bring it ON!

This election will be a milestone, even the most ardent labor supporters have had enough, my ninety year old mother is voting anything but labor this year for the first time in her life. Conservative voters aren't comfortable with Tony Abbot as leader and the Greens are chasing some weird agendas, a lot of people are wary of Clive Palmer and Bob Katter and both the majors back each other up by telling everyone to vote mainstream for stability.

As a result of the A.V. party I thankfully don't have to agonize who to vote for and hopefully anyone who has a mortgage and not gotten the full R.B.A. interest rate cut from their lender will do the same and not to mention credit card charges and every other

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  • Denise
    Denise says #
    The Opposition missed a golden opportunity to put their full weight behind this issue in November 2012. The Nationals failed to g
  • doyla66
    doyla66 says #
    Absolutely
  • doyla66
    doyla66 says #
    Very well straight to the point . Finally someone speaks with sense.
  • doyla66
    doyla66 says #
    Good post, Neil. When you put it that way it's easy to see why we needed Australian Voice to get up and going at this time. The
  • doyla66
    doyla66 says #
    I fear that splitting the conservative vote will end up costing the electorate another Labor Term. Would it not be wiser to become
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Posted by on in From My Window
Dear Members Just googled Sunshine Coast News and read Bill Hoffman's story re  the ASIC article extract.   God Denise, I don't know how you can deal with the likes of Jon Denovan and Gadens, his smug response and attitude with absolute no regard to the damage they have caused or as he would have it , what damage?  To suggest that by robbing thousands of Australians of their hard earned assets is likened to being an entrepreneur made my blood pressure boil. What happened to our once proud legal profession, we are now so top heavy with legal eagles that they have to resort to compo cases, litigation, chasing hearses to contest wills as with the prime lending fiasco we inherited from the U.S. our legal system is now following the U.S.   Are there no ethic standards in the legal profession any more? I know there are good lawyers...
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  • doyla66
    doyla66 says #
    "The committee also made the point that, as a result of Brailey's website, a number of borrowers had written letters, generally ma
  • doyla66
    doyla66 says #
    Same here, wendee. Plus concrete evidence: wet ink and Bank copy paperwork. What utter rubbish these self-satisfied, patronising
  • doyla66
    doyla66 says #
    Bill HOFFMAN'S articles are regional also. Here is the ASIC Article link http://www.warwickdailynews.com.au/news/asic-found-no-sy
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I hope everyone is signing the AVP forms.   We are so near to the FINISHING LINE quota. I've put in 20 and am going out this weekend to see if I can get some more. Don't sit back and wait for others to do all the work.   Everyone who is trying to save their homes or recover monies lost from rip-off merchants and rip-off banksters needs to be demanding  ROYAL COMMISSION into banking and finance. This is just to register the party, tell them they can still vote for whomever they want at election time. HOW HARD IS THAT ! This is awesome.  We are almost there.  Last I heard we need 97 more to make quota www.av.org.au  ...
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  • doyla66
    doyla66 says #
    how do I join? Just email me [email protected] and I will email you a form Tom there are no fees.
  • Denise
    Denise says #
    Yes Maria you are right....only 97 to go.....................lets make this weekend an historic one. The race to the finishing de
  • doyla66
    doyla66 says #
    I'm doing my bit behind the scene...registering online as well as sending hard copies thru to Denise
  • doyla66
    doyla66 says #
    Thanks Marianna - every little bit counts - we are going to make it i'm sure.
  • doyla66
    doyla66 says #
    Australian Voice Party on the voting tickets, Australian Voice Party in the media, Australian Voice Party being discussed leading
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Dear Members I am astonished that in the current world financial crisis that ANZ last week and Westpac today announced record profit. Banks of the world must truly envy the Australian monopoly, and Gail Kelly stated they are going to push harder to achieve even higher profits. I say enough is enough it is one thing to make a reasonable return on your companies investment but at what cost is profit paramount. How many people have been burnt by ANZ, Westpac, NAB and CBA and all the other parasites who deem themselves to be responsible bankers?  As i'm writing this, the radio just announced Macquarie profit up by a record 17%.  I thought theft was a crime. How will Ms Kelly answer to a royal commission on all the bank correspondence tutoring brokers on how to use the service calculator to get loans across the line.  Ms Kelly's ten million dollar...
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  • doyla66
    doyla66 says #
    I agree, Neil. Accountability for actions is essential, especially when these corporations have been caught repeatedly committing
  • doyla66
    doyla66 says #
    Most of this profit through ill gotten gain. Most businesses could produce percentage profits like the greedy banks if they were a
  • doyla66
    doyla66 says #
    Well said Neil... and that's why Aussies MUST not take their people power for granted. Here you now have the perfect opportunity.
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We live in a remarkable country. And Aussies are a remarkable bunch. We have this wonderful ability to form a powerful force when we band together, that can overcome tremendous odds and right shocking wrongs. The ANZAC spirit. Being battlers from all walks of life, we tend to get our heads down and get on with the job. It takes a lot to upset us. It is only when the problems start harming our families in huge numbers that this “Aussie Phenomenon” occurs. Australia is indeed approaching a watershed moment in history. We need to step back and look at the big picture. The very fabric of our society; the things we value most, are being threatened. It is time to act. We are talking about corruption and greed, injustice in business, finance and politics and lack of proper accountability by those in authority. The result is the gap between rich...
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  • doyla66
    doyla66 says #
    We Australians, have been most fortunate to have had the good life but which has caused us to become complacent whilst allowing th
  • Denise
    Denise says #
    All decent hard working Australians now have a [email protected]
  • Denise
    Denise says #
    Mushrooms no more!! [email protected]
  • Denise
    Denise says #
    Thanks Brian. It's because of people such as yourself and others behind the scenes that have made this moment possible. We are i
  • doyla66
    doyla66 says #
    nothing happens unless someone makes it happen.. Well done fellow BFCSA members for making Australian Voice happen
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Posted by on in From My Window
Our members are the driving force behind the new Australian Voice party.  Their website is up and running and you can now JOIN ONLINE. www.av.org.au   If you want complete exposure of the Banking Sector and their TOXIC LOANS.  If you are a Farmer affected by this scandal and burdened with debt and unfair interest fees and gouging of charges, then this is the place for you. If you are fed up with energy bills due to wrong decisions being made and you want a Voice that people can understand and have confidence in, then this is the Party for you. A Fair Go would mean all citizens could have access to a Federal People's Court system as a civil remedy.  The Federal Government talked the States into lessening their responsibilities of State Based Tribunals and replaced it with nothingness.  That's not a Fair Go!!!  That's a Bankster Protection Scheme.  Even worse its a COVER...
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  • doyla66
    doyla66 says #
    The state based tribunal in Queensland has a limit of $25,000 last I heard. It's a good system and affordable for small claims and
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Posted by on in From My Window
Just reminding you all to visit BFCSA's facebook page too.  Feel free to post your comments, anytime.   "LIKE" the page for more public exposure. https://www.facebook.com/BFCSA ...
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  • doyla66
    doyla66 says #
    BFCSA Facebook hits are CLIMBING by the hour.. get on and spread the word too. Make sure to "LIKE" BFCSA https://www.facebook.com
  • doyla66
    doyla66 says #
    It's becoming clearer why we need a Royal Commission as more is revealed about the widespread serious consequences of this situati
  • Denise
    Denise says #
    You want the Truth about Toxic Loans in Australia? Help us lobby for Royal Commission: no more "internal documents" rubbish. Joi
  • Denise
    Denise says #
    You want to get your message against the Banks out there....then social media the way to go....ask the grandkids and get them to h
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Posted by on in From My Window
  It might make you feel a little better. Forgive yourself for the blindness that put you in the path of those who betrayed you. Sometimes a good heart doesn't see the bad.   God bless....
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  • doyla66
    doyla66 says #
    Hi John, I'm relatively isolated here - been reaching out in other ways over time. Every success story must make a real impact on
  • doyla66
    doyla66 says #
    I know what you mean Lisa, the banks have taken everything I had and now they are after my blood. They allowed this to happen to a
  • doyla66
    doyla66 says #
    Forgiving the the criminals, the Banks, the liars and the persecutors, can change us and change the the whole situation. Dr Hew Le
  • doyla66
    doyla66 says #
    Thankyou, Maria. I need reminding of this from time to time. Until I was referred to BFCSA I spent a year trying to work out how
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The world has been plagued with MORTGAGE FRAUD and sub prime lending and Australia is no exception.  Citizens were roped into 30 year LOW DOC (and FULL DOC)loans, that were designed by Bankster to implode under the weight of Buffer Lending and Refinancing within seven years.  The victims had no idea.  Brokers were taught: "you are helping people."  Instead brokers were conditioned to pedal a particularly fraudulent loan to vulnerable people.  Yet as late as yesterday I spoke to a Broker who is only NOW understanding he has been SET UP by the Banks and could face the regulatory BLAME GAME.  The BANKS WERE THE ENGINEERS.  ASIC admit that.  What: did every Broker  have an epiphany and wake up one morning and decided to write your $50,000 income down on the Loan Application Form as $130,000?  Noooooooooo.  Not on your Ned Kelly! The Bank Engineered Service Calculator (attached to the LAF) "fudged the figures" and then all loan documentation was FAXED...
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Posted by on in From My Window
Dear members On the eve of Anzac day its a time to reminisce about the sacrifices our forbears left us. We live in a free and democratic country where a persons politics, religion, education and literacy aren't held against them. We live in an egalitarian society with no class system and all the snobbery that entails, they did a damn fine job our forbears. Post war we opened our doors to Englands and Europes masses, all seeking a fair and just society to raise thier families, free from despots, persecution and hunger, we are the lucky country. I spent the first ten years of my working life in the navy confident in the knowledge that once in civilian life I was on the financial ladder to purchase our first home. We both worked hard and paid out our first home in thirteen years, our story is no different from other bfcsa...
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  • doyla66
    doyla66 says #
    Good post, Neil. Bank conduct is unAustralian and alien to our way of life. Australians value their mates and their community: B
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Posted by on in From My Window
Dear members This morning, Tuesday on the radio news they announced that ANZ has just rewarded seventy five employee's and their families with an expenses paid holiday to disneyland in the U.S. How the hell can we get honesty and integrity back into banking if everything is incentive based, we all bow before the altar of the almighty dollar and as Jesus went into the temple and cast out the money lenders for they are a pox upon the earth, bfcsa will call these people to account. When the proverbial hits the fan I wonder how many pollies and regulators state they knew nothing.The problem is no one has the balls to stand up and say I stuffed up, instead they will deny any knowledge and if caught out will try to blame someone else, thank god with todays technology time, dates and text which everyone now relies on is only...
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  • doyla66
    doyla66 says #
    Shame on you ANZ. Wasn't this issue of incentives for bank staff and the conduct it rewards one of the concerns at the Senate Inq
  • doyla66
    doyla66 says #
    I apologise for swearing..the thieving deceitful banks bring out the worst in people.
  • doyla66
    doyla66 says #
    The baddies get rewarded, and the goodies get crucified, whilst ASIC does [email protected]#* all. Am I missing something here?
  • doyla66
    doyla66 says #
    The bodies are screwed (financially) before they are buried, Denise. We are dealing with people that like to inflict pain and mise
  • Denise
    Denise says #
    Consumers of financial products engineered by Banksters need the courage ("the balls") to stand up to these monsters. Take heart.
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Posted by on in From My Window
Dear members Not sure what happened over the week end with the website and new format but am glad to see everything back to normal. This morning posted second letter to P.M. then went online to see how that petition was going but unfortunately that seems to be losing a bit of steam so we need to ask family and friends to vote as well. From the responses to blogs I've noticed members are now getting more vocal and determined to fight to win back the rights that the banksters, brokers and lawyers deprived us of. Instead of lobbying federal bodies as individuals people are gaining strength that as members of bfcsa they have the ability to be heard on mass through Denise. I am astounded at the wealth of knowledge members are providing to the blog especially the legal, business and financial side, well done guys. Hopefully with a change...
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  • doyla66
    doyla66 says #
    I cannot believe that with all the substantiated evidence I have in my possession that Nab keep denying my allegations of maladmin
  • doyla66
    doyla66 says #
    Brilliant, Gypsy - well said! That "denial" nonsense gets my goat as well. Let them deny all they like - we know what's true. B
  • doyla66
    doyla66 says #
    The sheriff is due here today, I,d really like to run away, What is to become of all of us Who cares says Nab what's all the fuss,
  • doyla66
    doyla66 says #
    I wonder if government, politicians and others know how much work it takes to deal with a disputed loan at FOS or COSL, especially
  • doyla66
    doyla66 says #
    These days, Mainstream media in Australia are FINALLY reporting the "truth" about the real world in Bankster land as seen through
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Posted by on in From My Window
Dear members Its quite apparent that the likes of ASIC, APRA the external edr's FOS and COSL are completely incompetent and inept and are supposed to be there to resolve disputes between borrowers and lenders after contracts were entered into. A common legal come back onto the unsuspecting lender is why didn't you seek independent legal advice before signing, good advice but a little late and no one including the lender suggested this. We are all guilty of the blame game towards our government but there are some good rules but they only pertain to actually dealing with the governmen both federally and state. These rules include that no one should be disadvantaged by way of religion, ethnicity, sexuallity, literacy, politics etc. If we can't speak English well , an interpreter will be provided, if our literacy isn't the best someone will guide us through it. These rules apply to anyone...
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  • doyla66
    doyla66 says #
    I DON'T RECALL reading the following MFAA extract on 16th - 19th April 2013 ... someone at MFAA busy over the weekend. TODAY MFA
  • doyla66
    doyla66 says #
    If you believed at the time, that you as a consumer, were protected by using a MFAA member, think again. No wonder ASIC is saying
  • doyla66
    doyla66 says #
    Lisa Martin, the banks use external firms for default and serving so that they can be seen by the courts to be impartial to the f
  • doyla66
    doyla66 says #
    Thanks, Arree. A Fidelity Fund for Banks - a really good idea - if there isn't one there should be. Paid for by 10% of their gros
  • doyla66
    doyla66 says #
    Further to this after thinking about Gadens and other bank lawyers e.g. Hunt & Hunt the lawyers have the greatest liability in the
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Posted by on in From My Window
Dear members After reading Arree's comment 17/04/13 about the letter from COSL stating  the credit provider was not compelled by law to verify the stated income of a borrower in a loan application, what b/s giving all the banksters a free get out of jail card. Who is the politician, regulator or public servant responsible for letting that little gem get passed? Surely any responsible lenders best interest would be served by verifying facts, apparently not. My response to COSL is what about disclosure, at no time did the broker or lender disclose this to us either verbally or in writing because as we were denied full access to all the pages on the LAF originally when signing. So does this mean once you register with COSL and wait for a case manager and then wait for a length of time for some sort of resolution only to be told that...
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  • doyla66
    doyla66 says #
    CODE OF BANKING PRACTICE 1 PART A: INTRODUCTION 1 Introduction 1.1 This Code is a voluntary code of conduct which sets standards
  • doyla66
    doyla66 says #
    Good points, Neil. As well could Arree seek advice as to the use of a Common Law argument where the Law is inadequate to the requi
  • doyla66
    doyla66 says #
    What do COSL think of "Essential Banking Law and Practice" by Elisabeth Wentworth,* Special Counsel to the Ombudsman, Banking and
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Posted by on in From My Window
Dear members For all you out there who like crosswords and word games I have devised this little game to best describe what a person or persons must forsake before they can flog low doc/ no doc loans onto an unsuspecting public. Please feel free to add to the blog the words I might of missed. Here goes my selection, integrity, honesty, compassion, empathy, trust, loyalty, disclosure, truth, shame, credibility, friendship, conscience, pity, morals scrupals. And now substitute the words that best describe what traits you require to flog these loans. deceit, greed, avarice, cunning, stealth, envy, indulgence, cowardice, soulless, gall, hide, cocky, lying. Thanks again Neil T.         ...
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  • doyla66
    doyla66 says #
    For the first list: these people would be lacking: philanthropy (active caring and concern for other human beings) For the second
  • doyla66
    doyla66 says #
    don,t think any words I could think of would describe the comtempt I feel for them. One thing for sure when we all pop off into th
  • doyla66
    doyla66 says #
    Something to look forward to Gypsy
  • doyla66
    doyla66 says #
    Motherless,xxxxxxx and so on. You can call them all the adjectives you want but until the criminal laws which are already in plac
  • doyla66
    doyla66 says #
    It's true Dario, we are just wasting our time and energy feeling angry and calling them all the names under the sun - they are not
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