GLOBAL SUB-PRIME CRISIS

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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 Blog

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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The best advice Aggregators could well do with is to convince Lenders to outlaw the use of generic (yet secret) lenders service calculators (one size fits all re tax advantages).  Futuristic Incomes created by lenders are the root problem of sub prime lending.  I hope that crucial issue was on the main agenda in terms of consumer protection issues.  Also the first Aggregator to insist that an 11 page copy of the Loan App Form be given to all consumer applicants at the point of signing to protect the sellers from having documents distorted after the paperwork is sent in to processing.  There should NOT be destruction of that original for seven years.  That should effectively clean up these loan problems as I explained to the Senators in February this year.   It was FAST Group that channelled all the dubious loans from Money Choice Matt George.  In turn he gathered together...
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  • Duped
    Duped says #
    Main stream media have finally woken up and now realise that banks and lenders have used forgery and fraud to trick unsuspecting b
  • setup
    setup says #
    Yes Jiang, it's all a game of lies, deceit, secrecy and hidden agendas with the ultimate intention to unlawfully steal everything
  • PreySOS
    PreySOS says #
    I strongly petition government to investigate lenders' fraud. Disclose the banks' dirty trick under the sun to public with media
  • PreySOS
    PreySOS says #
    I even signed zero income as told to in Bank provided Financial Position Statement in my LAF when I apply for refinance from ANZ.
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