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.
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.
We have hundreds of dodgy RAMS HOME LOAN files whereby the service calculator manufactured the fraudulent income. Why is Broker/Agent punished by ASIC and not the LENDER. Who is ASIC protecting? ASIC has to be labelled the biggest protection racket in town. Here is the problem. Money Choice representatives were placing their loans via Major lenders and RAMS. RAMS dealt with brokers directly. Steven Kane now NAB exec, and director of FAST GROUP aggregated Money Choice deals. Kane also was reported as contender for head of MIAA. Any more info out there on these deals? So if ASIC nailed RAMS for approval of fraudulent loan and for providing the dreaded service calculator that caused the fudging of incomes, surely that would stop this system issue dead in its tracks? We kept warning Brokers you will carry the can................. Peter KELL doesn't get it......yet again.................ITS THE BANKS STUPID..........................Then you say "this type...