| Why I hate the nab
So you think you can trust your bank, after all, only nasty
mortgage brokers would set you up with a predatory loan and aren’t
regulated enough to keep ‘em honest. Well I have news for you, don’t
count on it. Even the big banks indulge in dodgy loans and then when
you do what you no doubt will (default on your loan) they come and take
your property and sell it off quickly (that means they take any amount
for it regardless of its real value). Most people don’t even realise
that they’ve been had so they just walk away. Now I do have to make the
distinction – we are not talking mortgages obtained when you could
afford the repayments and then your life circumstances change and you
find that you can’t meet repayments, that’s life, it happens; it really
sucks but it happens all the same. What I’m talking about is a loan
approved by a bank when what little supporting documentation you have
proves you cannot meet repayment obligations. These are predatory loans
and they are illegal and immoral.
Now I have had comments that in my case it was not a predatory loan
but a case of unconscionable lending and the issue is relevant to the
Trades Practices Act and not Section 70 of the Consumer Credit Code -
ok, here is my big 'confession', I am a housewife and not a lawyer - but
then again, I don't remember ever saying to anybody that I knew
anything about the law at all. Although today I will admit I know the
law - I know damn well that the law exists only to protect the rich and
their assets and the rest of us are just irrelevant - did that come off
slightly cynical?
I want to use this website as a forum to not only tell my story
about my fight with the National Australia Bank but also to be a source
of information for others like me so that we all get a fair go.
 Follow me on You Tube - embarrassing but nothing left to lose is there?
Follow the bouncing ball ... cruise the website
Banking Law & its abuses
Just for starters
though – when this started with the first default notices issued to us, I
was told that banking law exists to protect the banks – NEWS FLASH –
banking law exists to protect US from THEM; it’s just that they have so
much money, power and influence that no-one can afford to stand up to
them. That’s just one thing I want to change, I want banking law to be
accessible to us. There are laws that govern what banks do but they
just seem to get away with murder – the nab has survived many an
investigation by ASIC even though they obviously did the wrong thing
(follow the links, I wouldn’t put information on here that I can’t back
up, & if they're not here today they should be by tomorrow, but
google it if you like).
The principle of the thing
I hope you find the
information provided here useful and that you don’t just assume that I
am just an idiot who should have known better. All I want is my day in
court, I want the bank held accountable for their actions – they know
the law, they know they overstepped the mark.
The original website rant can be found as a pdf. You will need Adobe Reader to read it, download it for free here
My online shop to raise money
To raise money for my
law suit I have started an online store selling t-shirts, mugs etc. As
you can imagine fighting the bank is going to take a veritable truck
load of money - but you gotta have a go; right? Can't let them get away
with fraud; misleading and deceptive conduct etc now can we?
If you'd prefer to
donate money rather than buy something, (I only make about $1.50 on each
item) I'd really appreciate it - I'd prefer to sell something but can
understand that maybe you don't want to buy what I'm selling and might
still like to support my quest.
|
This photo shows some of the
documents relevant to our case - as someone who was once very involved
with an environment committee all I can ask is "how many more trees have
to die to prove this bank is corrupt?" (oh and the table is really big ... sigh)
