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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: Banks under Pressure at last! Whopper Low Doc Secrets.

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BFCSA Members have managed to make their presence felt.  As one member stated: "Can't believe Reserve Bank Australia have given the interest rate cut today and within the hour, the four Major Banks have passed on the FULL rate cut!   Normally it takes the banks a week or more to pass on 50%.   Bankers must be feeling the pressure!!!!!! Let's keep it up Members!!!!!"

Yes indeed.  Banks fear a Royal Commission, lest all their grubby whopper Low Doc Mortgage Fraud secrets come oozing out from their vaults.  Now all we need is a few executives thrown across the boot of their cars and unceremoniously hand-cuffed.....all on the nightly news.

The Banking Sector teach all brokers to use the bank engineered SERVICE CALCULATOR and entry is via the bank's own password.  Brokers then must type the correct income figures into the top left hand corner of the screen.  The Bankster calculator then delivers the "fudged figure" at the bottom right hand corner on the screen.   There it states in capitals: "NOT TO BE SHOWN TO THE BORROWER."   eg: Basic true income $50,000 and the futuristic bank generated figure is a miraculous "we wish" $130,000.  The Broker is then taught to write this "calculated figure" onto the Loan Application Form ("LAF").

Yet Credit Assessors use the same calculator but at a different gearing and perhaps they have no idea they are part of the fraud.  They use white out over the Broker hand written figure and enter $180,000 to pump up the volume (as instructed).   Everyone from assessors, to brokers to borrowers are treated like Mushrooms.   To effectively achieve maximum fraud, the banks insisted the printed service calculator be "attached to the LAF which is then faxed to the bank.  This is why there are three people's hand-writing on every LAF across the whole of Australia. No borrowers receive a copy of the document, no borrower receives a phone call from the bank to discuss "income."  The patterns of crime are obvious.  We know who the criminals are, yet no investigations take place and no arrests are made.  WHY?  

TO PROTECT FUTURE BANK CUSTOMERS from becoming Bank Victims:  If you are contemplating signing mortgage papers: initial every page of the Loan Application Form and insist on taking an immediate copy.  Then after the loan is approved, insist the bank give you a copy of the "faxed" copy from broker to bank.   WRITE IN THE WORDS income $xxxx on the front page and declare "this is my current true income" and sign and date in your handwriting.  Also write and circle the number of pages on the front page.  Tell the Broker you do not want a bank generated Computerised figure to be used at all.

We want a permanent ban on all versions of 30 year loans designed by bankers to implode in 7 years.  Also a ban on Reverse Mortgages.

BFCSA LIBRARY : Shortly we will reveal the evidence: piece by piece.  You be the Judge and Jury..........This email address is being protected from spambots. You need JavaScript enabled to view it.


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  • doyla66
    doyla66 Tuesday, 07 May 2013

    Good advice. If every borrower does this, skippy will be obsolete in no time.
    Lending will be down further.
    Banks are passing on full increments and quickly this time, because they are desperate to find customers. Lending is down massively.
    Nobody trusts them, people don't want debt.
    Sadly they still don't understand they have to clean up their act and make restitution to stimulate their business again.
    Where are their super profits coming from?

  • doyla66
    doyla66 Tuesday, 07 May 2013

    Great advice, Denise.
    Good questions - Where are their super profits coming from? Comparison of successive annual statements should reveal some of this. I have heard Banks have been getting rid of bad debts - paid out by insurance companies? or more farms, businesses, homes and investments liquidated into the Banks coffers?
    From the Treasurer's comment on the stubbornly high dollar it sounds like there were some rather heated discussions around the rate cut. It's beyond me why the Treasurer thinks the Australian dollar is to blame for it's own choices, actions and refusal to co-operate! Hello - RBA?
    Interesting to see the Banks falling into line with quick response - so it is possible for them to co-operate with sane choices? Was the only carrot the cash rate cut to stimulate the credit industry? They still have the advantage of all the other rate cuts that weren't passed on in the system - the difference between the Bank's lending rate, the RBA cash rate and the ROI paid to customers with ordinary bank accounts. Plenty of margin for "generosity" there with their ongoing profits.
    The distrust of our banks is another reason for the Royal Commission. We need to know, to clean up and maybe clear the air. Bring the skeletons out of the filing cabinets and vaults - do it properly and get it all back on track to recovery.

    Consumers must protect themselves. Lending documents are legal documents, just like affidavits and stat decs. Initialing each page of every document after reading and checking is another good practice. Asking for a copy of the contract from the lender or any business before signing anything is also a good habit. Trusting, faith, hoping and leaving it to chance are very bad practices in dealing with multi-level approval processes, especially where malpractice and widespread human error have been proven.
    Out of habit I kept copies of documents sent to lenders - so glad I did. I also found computer back up hard drive records from years ago which contain further information on our interactions with lenders. Unfortunately my partner routinely did business by phone and fax. I'd like to see the lender's client management record for the life of the loan.
    On instinct I fought the "anti-clutter" people and as far as possible kept old financial records and files beyond the usual 7 years. If an old loan is still current or even if it has been refinanced keeping all related documents somewhere safe, backed up with digital copies, can save your home and your sanity if there is a later problem with the loan.
    Being a pack rat, collector and hoarder can be useful - keep it labelled and organised for future reference.

  • doyla66
    doyla66 Wednesday, 08 May 2013

    From Greg Canavan in Melbourne:
    "--We'll make one more point about the interest rate issue before we move on. The banks immediately passed the cuts on. This just goes to show how well they are doing right now. Because of this, they don't want to raise the ire of any revenue hungry politician and give them a reason to start sniffing around in search of super profits. You gotta love the banks...they know how to play politics..."

    I agree !!

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