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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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BFCSA: ATTENTION EVERYONE WITH A MORTGAGE...Australia, New Zealand, Ireland, Britain, USA, Canada, Asia.. in fact WORLD WIDE -

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Were you surprized when your mortgage was approved?

Are you struggling today to keep up with your repayments, because you are not earning enough income?  In fact, you were probably not earning enough income from DAY ONE to afford the repayments.  If your bank was watching your back, as any responsible lender would be, you should never have been approved for this mortgage in the first place.  Am I right? 

Have you been given top up loans, buffer money.. or a Line of credit, to help you meet your mortgage repayments?  Yes?

Are you in a hardship arrangement right now?  What are you going to do when that period runs out? 

Do you now owe more than your home is worth?

Were you given a copy of your Loan Application Forms (LAF) at point of signing?  No?   You should have at least 11 and some had 20 or so pages.

Do yourself a favour and ask your Lender for a copy of your LAF, the one that was faxed, after all it has your signature on it, and anyway, you should have been given a copy at the time of signing.  It has your signature on it. 

Think back.. why didn't you get a copy there and then?  Did your Bank manager or bank agent say "oh, just leave it to me, I can finish the paperwork off back at the office or words to that effect?  Yes?  You trusted your bank. 

Are you in danger of losing your home?

BEFORE your bank "steals" your family home through their deceit, why not consider joining BFCSA to help you sort this mess out?

The membership application link is at the top of this webpage and easy to complete. 

Write to This email address is being protected from spambots. You need JavaScript enabled to view it. and let her know what you discovered in your LAF copy.  


Note; Currently the BFCSA self help guide (which is sent out to all new members) is suitable for Australian mortgage holders only. 

BFCSA Self Help guides for other countries are a work in progress.

BFCSA is a non profit banking consumer support group and warn that anyone who has signed up for one of these financial products, is in grave danger of losing their home.

This is not a "club" any of us ever considered joining.................

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  • doyla66
    doyla66 Wednesday, 30 October 2013

    Funny thing is you do not even think about the loan documents until things start to go pear shaped. That is when you start wondering HOW COME this has happened. You then start to delve into the WHY's and WHEREFORE"S of the loan process. Denise is right. Anyone taking out a loan make sure that you get all the paperwork connected with your loan. Check it thoroughly before you put your signature on anything. If it doesn't sit right with you don't sign. Don't think that it is a privilege to have been given a loan by your supposedly trusted bank manager or broker. This is not the case. The Lenders have you tied up to choking point. This simple action of getting all your docs at point of signing may well save you a world of pain. Just be damn careful is all I am saying.
    Bank managers and Brokers now have taken over the position of the least trustworthy from the Used Car Salesman joke. A friend of a friend who is a Bank Manager refuses to tell people his job at social functions. Does that not tell us something? Pretty sad world isn't it?
    Although, my no. 1 least trustworthy offenders would be the Legal Counsels representing Nab. They would have to be the sneakiest and most manipulative. I believe after reading bits on the web they are not very well regarded in the legal world either.

  • doyla66
    doyla66 Tuesday, 05 November 2013

    I was surprised when my mortgage was approved. But then I didn't understand how Banks calculated capacity to repay the loan. Going on the information they asked me for, I gathered it was some sort of mixture of income and assets. Something complicated worked out by the Bank accountants. It didn't make much sense to me as I thought you still need to have enough money to repay them. But I thought the Bank was making a loan of actual money from deposits at the Bank and the profit they made was from the difference between the interest on repayments and the interest paid to depositors. As the Commonwealth Bank had been around for years I figured it was a successful system and that had kept the Bank going. And the worst thing you could do was to fail to make the monthly payment on time. So no matter what or where the money come from you had to keep paying them or you would be in terrible trouble with the Law.
    Clearly I didn't know much about the real world of modern Banking - the part that goes on behind the scenes and beyond the counter at the local branch!
    I learned about every part of that from BFCSA.
    In my opinion EVERY AUSTRALIAN should get their LAF without fail, regardless of whether they think they'll need it or not.
    To fail to ask for this important documentation is to fail to act in your own best interests.
    If you're wondering whether you should, I'm telling you now, do yourself and your families a big favour and get your LAFs now, immediately if not sooner. You're entitled to all this documentation.
    And join the BFCSA, either as a member, or as an associate member/supporter. We are making a real difference now and could even change the way "lending" and credit provision are done in Australia in the future, for the sakes of our children and grandchildren.
    Don't sit back and wait and see - be part of this change. Do it now. :)

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