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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: The EDR experience: You are the victim now prove your innocence.........................

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After dealing with FOS and ASIC I am beginning to understand how a gang rape victim feels. Neither wants to see anything.....and protect the banks

  1. You agreed to a meeting with the banksters
  2. You must have encouraged them in some way
  3. You have done this before - borrow money
  4. You shared personal information with them because they asked for it
  5. You must have misunderstood their signals
  6. They misunderstood your signals
  7. You are old enough to know what this means - never been defrauded before so not experienced.
  8. "No" doesn't really mean "no"
  9. You might have been interested so we pursued you anyway
  10. You didn't report it till now (What do you mean you were too embarrassed at the time?)
  11. Don't worry about the banks, we are going to look into your past - we are investigating the borrowers
  12. Banks are not silly - they don't admit anything - so we cannot investigate them
  13. You have to prove your innocence
  14. We're very busy so it may take a long time to look into your case
  15. You better get a lawyer because we represent the rapist............................
  16. Our bank adviser is seconded to us for 12 months and he is still employed by the bank.....he will do the assessment because we trust him
  17. You must be making all this up.


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  • doyla66
    doyla66 Sunday, 03 November 2013


    That's exactly what it feels like. We the innocent have to prove our innocence. We didn't put all this bull#hit on the laf's, the banks/lenders/agents did.

  • doyla66
    doyla66 Sunday, 03 November 2013

    Yes Ed you are right with all your points heard many of these myself. My favourite was Nab cannot locate the original rejected loan file.(LOST) that was after I gave them the date on the meeting with Nab, time of meeting, the name of the person doing the interviewing, phone records indicating phone calls made to branch. FOS still did not believe us and accepted the lost scenario. Isn't that just a load of rubbish. FOS did not even look for the LAF completed by the the Broker the second attempt. Rather incompetent lot arn't they, at our expense though. A corrupt organisation, told what to do by the Banksters and their ASIC mates.

  • doyla66
    doyla66 Tuesday, 05 November 2013

    Well said, Ed. We're victims of crime and misconduct: not just fraud but also abuse, as we're revealing uncomfortable truths about the failure of what was supposedly a "world class" regulatory system.
    We're already victimised by the Banks and lenders before we get to EDR, whether it be ASIC, FOS or COSL. This should be taken into consideration and demonstrated in their interactions with us.
    Complaints should be welcomed by all of them as valuable feedback about the way the "self-regulated" system is working.
    Don't blame us - we didn't think the scam up, engineer it and them become victims of it as well, just for the fun of it! :(
    More careful handling of our cases by FOS and others would make the entire process far less harmful to us.
    As it is too often the depressing and stressful EDR process perpetuates the abuse and compounds the damage.

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