Couple blames $430,000 loss on Westpac’s ‘irresponsible lending’

A Queensland couple who lost more than $430,000 after buying two investment properties in Darwin and Mudgee blames Westpac Banking Corp for. the outcome of the corporate regulator’s responsible.

The month with record losses due to such scams was May (.8 million reported lost), whereas June saw a slight decline with the amount lost last month being $4.55 million. Those aged between 25 and 34 were most active in reporting being victims of investment fraud, whereas those reporting the biggest losses were those from 45 to 54 years of age.

Out of desperation to hold onto their piece of the American dream, couples like Salvador and Blanca Jimenez in Los Angeles become easy prey. The couple bought their first home in 2005 for $430,000..

Home services lending reviews couple blames $430,000 loss on Westpac’s ‘irresponsible lending’ – A Queensland couple who lost more than $430,000 after buying two investment properties in Darwin and mudgee blames westpac banking corp for failing to assess their home loan applications properly. mortgage brokers and Mortgage Lenders.

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Couple blames $430,000 loss on Westpac’s ‘irresponsible lending’. A Queensland couple who lost more than $430,000 after buying two investment properties in Darwin and Mudgee blames Westpac.

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Westpac will defend Federal Court proceedings commenced by ASIC in relation to a number of home loans entered into between December 2011 and March 2015, including specific allegations made by ASIC regarding seven loans. The court action does not concern Westpac’s current lending policies or practices.

Bank Reform Now. 14,359 likes 384 talking about this.. /couple-blames-430-000-loss-on-westpac. Couple blames $430,000 loss on Westpac’s ‘irresponsible lending’ A Queensland couple says they were forced to sell two investment properties at a loss because Westpac failed to check their.

Couple blames $430,000 loss on Westpac’s ‘irresponsible lending’ by VictorVanguard in ausfinance [-] yaboi_westy 4 points 5 points 6 points 7 days ago (0 children) I take your point that the judge will not look favourably on this couple, it was gross negligence on their behalf at best, and at worst fraud.

Commission alleges irresponsible lending by payday lender Ferratum. The Commerce Commission has commenced High Court proceedings against payday lender Ferratum New Zealand Limited (Ferratum) under.