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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 - The David and Goliath Battle continues - I need an investigative reporter or an honourable Barrister or QC.

Posted by on in Consumers Fight Back
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Please. If somebody has the time my case is of PUBLIC interest.   I need an investigative reporter  or an honourable Barrister or QC.       

I have provided a submission To the senate  Inquiry  And complained to every Government resolution agency there's even a Parliamentary grievance

We were innocent victims of this Sub  prime mortgage scam

We went to the bank for assistance and financial advice as my bridging loan had expired

My Property was unable to be listed and sold until the local Albany City council upgraded the drain in front of my property, as they had been approving developments, destroying bush land conducting works on an indigenous waterway without a structural development plan  - this was why the drainage infrastructure was no longer able to cope with the volume of water that was being channeled into the once natural waterway ,

It had become Albany Cities main Drainage line and they failed to budget for the required infrastructure upgrades downstream

Ignoring their own laws relating to Planning  Environment and Culture

I was assured by Albany City - their Engineers planners and CEO 's, numerous  persons within the Albany City council  had met me on site and assured  that  the required works would be budgeted for and completed just be patient and wait ....

The bank advised to source another loan to make the repayments until my property sold

As my son had also enquired about a car loan the bank advised that this loan would be the answer, as my son and I could get one loan together with my
son was to be the co borrower on a $250,00 loan.

A week or so later the branch called to say that our loan had been approved in Westpac head office we were to come into the local branch and sign for the loan.  At the bank we were handed an envelope each with yellow tabs noting  "sign here"
We both signed then and there sealed the envelopes and the bank sent  them back to head office.

When the loan was drawn down it was discovered that  during this process the bank had refinanced my $1 million bridging Loan into a premium option  home loan and placed my sons name on this debt - without our knowledge or request to do so

We both complained and queried how and why this had happened being told that it would be too costly to change and to just wait until the property sells

FOS made a determination on my case and awarded me $280,000 the max  amount and no further interest to be charged.  FOS then closed my file as this  amount was too low  and did not resolve our problem.

AS there were two loans the other loan was over the FOS $500,000 loss limit 

I then complained to ASIC  who advised they have no power to act for individuals and it is the Supreme Court whom must decide

We were unable to source any legal representation in the court

Summary Judgement was passed for defaulting on the loans and our home now to be seized by the bank on 11 March 2014

The David and Goliath Battle continues
The Albany City  property is still unable to be sold  as the Govt Insurer had also bullied us into the legal system just waiting for the bank to repossess and negate our claim .

This system is Wrong

Catherine Z.

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  • doyla66
    doyla66 Tuesday, 04 March 2014

    Another heartbreaking story about theft in stealth from Nurse Ratched’s casino! Those banks should all be sued for misleading advertising! Just read through all the evil words they use to trap unsuspecting people for the reality is you have to adopt reverse psychology rules to understand what you are in for when dealing with any of them!

    ANZ ………we're here to help you.........if you’re experiencing financial hardship you are not alone you know………in fact we just might be able to help you out ……...take the time to look around our site and check out all the ways we might be able to help you get back on track……….

    NAB......more give, less take………it's about you NOT about us……'s about a partnership based on trust and respect………a relationship of 'give and take'…….it's all about making banking fairer ……….

    CBA …….. we can tailor a home loan that's right for you AND provide the tools and insights to meet all your needs. ........ no bank fees for the life of the loan…….you'll enjoy the transparency and flexibility of a borrowing solution……we can help you get into the property market without a large deposit…….

    Westpac……..there are loads of reasons why you should choose us.........of course we can help you secure a better financial future ………..there are just SO MANY good reasons to choose us .......there's a sense of comfort you know that comes from dealing with a large stable company ……. you can trust us to give you sound and professional advice………..

    BOQ – it’s soooooooooo very possible to love a bank………..we're on a mission you know to become Australia's most loved bank……….no walk in the park BUT……….it's how we go about things that make it possible ..........

    Actually, one needs to take along the pooper scooper if you dare enter any of them!

  • doyla66
    doyla66 Tuesday, 04 March 2014


    Crims...... how dare they.....
    This needs to be on the 5pm news slot...
    Makes my blood boil.....
    Does Senator Williams know your story?
    And to think we were bought up to trust the banks...
    Yeah them to ruin your life and inflict so much
    STRESS on you.....that CEO of wankpac needs a new hair do b4 she goes to jail

  • doyla66
    doyla66 Tuesday, 04 March 2014

    Hi Catherine, try emailing your story to Senator Williams. He needs to know just how bad this situation is. He knows it's bad but we must get the message across that it's worse than bad much much worse.

    [email protected]

    also contact the media right away and inform them of your situation. Don't leave it to the last minute or it will be too late for them to help you as they need time to plan the story. If the banks are frightened of anything it's bad publicity.

  • doyla66
    doyla66 Wednesday, 05 March 2014

    Catherine Z

    You must make a immediate urgent application to the Supreme Court (duty Judge?) for a stay of the warrant and appeal of the summary judgment
    once you have this granted, you can then amend your claim with more details

    FOS awarded you the maximum of $280,000 so this "evidence" & determination should be enough reasons why "questions need to be asked/resolved"

    You would need a solicitor to draft this "simple application" and take a affidavit in support, along with your evidence
    Beg borrow or sell /pawn something to get the $$$ est. $1500-$2000 all up including SC lodgement fee (maybe less)

    Once you have the stay the pressure is off for a good while,
    then you need to try and negotiate a equtable settlement with Westpac

    Ring evey solicitor in Albany and quote above, someone will help you
    You just need to get this application lodged & granted nothing more

    Note: this is not legal advice ..........but it will put you on the right track forward

  • doyla66
    doyla66 Wednesday, 05 March 2014

    Thankyou so much Simba for taking the time to write your comment as i'm sure it will benefit others as well.

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