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What BFCSA Does...

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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Whistleblowers' Corner!

To all mortgage brokers, BDMs and loan approval officers! 
Pls Call Denise: 0401 642 344 

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Lighten your load today and "Laugh all the way to the bank!"


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 big danger is if RBA raise interest rates the entire Interest Only Loan Mortgage Market will collapse as the horror stories emerge.  People coerced into paying DEBT with more debt as "buffer loans."  Property market slips and those debts will reveal 120% LVR loans........................huge number of unaffordable junk mortgages, approved by major banks. Warning to bank shareholders is in this statement: "The big banks are also propelled by a favourable industry structure, where the high levels of concentration deliver pricing power, and are big beneficiaries from the profitability of mortgages, which dominate their asset books."   No mention of Sub Prime lending where most of the profits are coming from.  This email address is being protected from spambots. You need JavaScript enabled to view it.   Big banks to report $29b in profit   Some fund managers saw the heavy sell-down of bank stocks as a chance to grab some bargains, suggesting that the negative sentiment around the financial system inquiry may be overblown . James Eyers  AFR...
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Risky subprime mortgages staging comeback in Australia Updated yesterday at 2:55pmTue 26 Aug 2014, 2:55pm They triggered an economic meltdown in the United States and sparked the global financial crisis, but sub-prime mortgages are staging a revival in Australia. The ratings agency Moody's says Australian lenders have doled out $3 billion worth of the non-conforming home loans over the past 18 months. Pat McGrath  ABC NEWS   4 min video...
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  • kddeed
    kddeed says #
    We have 30 year Interest Only Loan - LIAR LOAN from Westpac. Just lodged our complaint last week with FOS after not receiving our
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