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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: Off shore Australian Liar Loans Australian banks. Email to FSI: David Murray AO

Posted by on in Consumers Fight Back
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This is what I wrote to FSI in an email

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To whom it may concern.

I was given Australian loans by Australian Bank  of more than $1.5m on the strength of a single letter from a man in Jersey. (the tax haven!)

I have had no Australian income for more than twenty years and had no tax records nor was I on the electoral roll for more than 20 years.

If only more people were aware of what this bank calls good lending practices, then I’m sure people would not buy shares or have anything to do with a bank who lends money to people who can’t afford it. It seems to all be about greed.

This bank did not include any of my monthly outgoings as expenses? If I didn’t declare such things when applying for a loan, the bank would sue me and have me jailed.

Please, we need someone of integrity to get out there and shut down these improper lending practices so as to save our economy before the banks ruin us all completely.

Sincerely.

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  • Aries
    Aries Friday, 22 August 2014

    Come on everyone get you emails in. My example is on page 2 on 13/8/14 under the blog BFCSA INTERVIEW WITH ALAN JONES.
    If your not sure what to write this may give you an idea.
    PLEASE HURRY. WE CANNOT HAVE A VICTORY WITHOUT YOUR HELP.

  • setup
    setup Saturday, 23 August 2014

    I have sent mine in and hope you all have done the same. This is so important for all of us and for our road to victory. Remember Denise's favourite saying "The power of the pen" closing date for submissions is 26th August 2014.

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