1. Introduction
I have been in mortal combat with the loved Bank of Queensland @BOQ for nine years
This is a 11 slide thread that will categorically demonstrate how BOQ & other banks use their disproportionate #Legal power & their Gatekeeper @AFCA_org_au to avoid #justice
2. Background
Borrower never missed a payment & was ready willing & able to continue to pay, @BOQ still took the farm, destroying a lifetime of work
Aware the #justice system is unaffordable & out of reach BOQ discontinued legal action & wrote off the debt leaving us destitute
3. We could not afford legal action, I filed a complaint with AFCA
It took @AFCA_org_au almost 2 yrs to find @BOQ did no wrong which this thread will debunk
There is no merits review or appeal
For #justice one must rely on the legal system that is unaffordable & out of reach
4. Trapped
A @BOQ overvaluation at loan establishment resulted in a value collapse at rollover
We did not have the loan to value ratio to refinance with another lender, we were trapped
Can you pick the odd two out, @AFCA_org_au couldn’t?
Both done by the same valuer
3. Expert Review
The valuer used the wrong format & assessment
@BOQ & others did not question “this mainly unexplained increase in value”
@AFCA_org_au verballed the report
4. AFCA Verbals Expert
@AFCA_org_au case manager fabricates fictitious conclusions & ignores the actual conclusions of an expert report
An anonymous 3 person AFCA panel agreed
AFCA get away with this because there is no independent merits review or affordable appeal mechanisms
5. BOQ take Propell National Valuers to court
@mitchalot & @liamiwalsh reported in the @couriermail that @BOQ took the valuer that did the overvaluation to court for an overvaluation in the same period
BOQ maintains in our case they did no wrong & @AFCA_org_au agreed
6. @BOQ justifies serviceability by using another company financials
@AFCA_org_au ignores internal report that states BOQ did not act as a “Diligent & Prudent Banker/Lender”, “was poor banking practice”, “could have exercised greater skill and care”
AFCA found BOQ did no wrong
7. @AFCA_org_au stated
“the BTL could not have been advanced without a signed application”
Attached are images of BOQs BLANK BLA dated 21/12/07
Line of text missing above signatures & we made no submission on 14/1/08 & we did not sign
How is this acceptable to AFCA & @BOQ
8. Blank Guarantor Details
This BLANK document was acceptable to @BOQ & @AFCA_org_au
Attached are images of the BLANK Guarantor Details dated 21/12/07
Not signed or dated by us
No submission was made by us on 14/1/08
9. We met with BOQ Chair Patrick Allaway Feb22
@BOQ stated @AFCA_org_au external review was thorough, independent & “we will not reinvestigate matters that have already been thoroughly investigated by that authority”
BOQ offered $50k shut up & go away money which was rejected
10. Court
We have never had our day in court so I suggested to @BOQ that they make the $50k available to a barrister of my choice & have the matter tested in a court
Allaway stated I “do not believe any constructive purpose will be served by conducting yet another review”
11. Despite #FSRC & other inquiries victims of #Banks had & still have no timely, equitable & proportional redress mechanisms
The fundamental issue is the monetarised not fit for purpose #Legal system posing as a #justice system that is unaffordable & out of reach
Needed is EOA
Court finds @AFCA_org_au is not timely & matter stayed
My case had a target time frame of 110 days, AFCA took 630 days, then cherry picked, verbaled & ignored docs
AFCA is not fit for purpose, bias & incompetent
#AFCAvictims #justice
drive.google.com/file/d/1IyV65c…
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