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BFCSA
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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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BFCSA: My Story - Not happy with Westpac or ING..

Posted by on in Consumers Fight Back
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Bank phoned me Friday just gone to say they feel after a few weeks of discussions with them that upon investigation they don't feel they acted with maladministration or were guilty of imprudent lending based on the information they received from the Broker at the time.  
 
Pish posh...  They didn't check, or made one phone call to us, or made a request in writing to verify our figures at all. They then said we are not in the habit of contacting clients directly. Then they thought they'd be helpful  and give me COSL's contact details.
 
Now the Broker can't be found.
 
We sure as hell never had $257K as savings in the bank and I earnt a lot less than $80k per year at the time.
 
Not happy and not quitting.
 
C.E.
 
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Comments

  • doyla66
    doyla66 Thursday, 13 February 2014

    I suggest you tell them to read up on rules in the Official Bankster Dictionary NOT the Official Wankster Dictionary!

  • doyla66
    doyla66 Thursday, 13 February 2014

    Gfs246

    Go to FOS
    Lodge with FOS
    Not COSL
    And join BFCSA and get a member assistant

  • doyla66
    doyla66 Thursday, 13 February 2014

    Gfs246

    Organza
    Again
    You made me laugh

  • doyla66
    doyla66 Thursday, 13 February 2014

    Gfs246

    And stop paying the bastard banksters $$$$$
    What a bunch of crooks

  • doyla66
    doyla66 Thursday, 13 February 2014

    GFs - if you didn't laugh you would either have to cry or shoot yourself! I just keep on going thinking of them all going loopy trying to find more loopholes in their own rules!

  • doyla66
    doyla66 Thursday, 13 February 2014

    Gfs246

    I like to think about how they must cringe every time DB
    Discovers a new trick they thought they had covered up.

  • doyla66
    doyla66 Thursday, 13 February 2014

    Bankers code they must check details

    Hello C.E. Don't listen to their fob off bullsh#t I too am a WESTPAC victim their response of - go and use COSL cos its the broker is a standard line. If you find any anomalies in your LAF its the Bank because remember there is one golden rule and the Banks try to avoid it BROKERS DO NOT LEND YOU THE MONEY THE BANK LENDS YOU THE MONEY. The Lender approves the loan against the CODE. Your contract to repay the money is with the BANK not the BROKER and that is why the banks pushed for legislation to be able to destroy your original documents to set up a division and to create doubt. Well when all said and done no matter what a broker puts down on an application he does not have the power to approve the loan only one party can do that and that is the BANK. No matter how many times they the banks plead their case that we didn't do it, it was the broker, once self regulating the banks job was to contact the customer for verification of the facts. I have personally spoken to many people now that have been affected and have sent basically the same story to FOS, ASIC and many Government consumer protection organisations with the Banks approving loans strewn with overstated incomes wrong names, wrong amount of dependants, altered occupations and even forged figures not in customers own hand writing and signatures copied into documentation (photoshopped). The absolute astounding thing in all of this C.E. is that not once have I heard one affected person say they were contacted or written to by their Bank to say we just need to know the Broker has given us all the correct details can you just confirm a few things. If this whole fiasco was not set up to take our money, property, dignity and lives away then why did the BANKS not do the one thing that was part of their self regulatory criteria and verify the details. You C.E. are just at the beginning phase I gather, my first advice is stick to your guns check all your details over and over because you will always find more than you thought was there, mostly gather every document then file them in order of date go back to your computer to find every bit of correspondence between you your broker and the Bank. All this accumulated evidence is GOLD treat it that way and make sure you become a member of BFCSA as you then have a reference library second to none about the crooks and their tricks. Best of luck going forward your timing is probably as good as it could get with what is about to happen, many of us have been involved in this drama for years now and finally the day of reckoning beckons.

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