Bully Banks Cost Battlers $Millions

by Peter Mericka B.A., LL.B Real Estate Lawyer and Qualified Practising Conveyancer Victoria Lawyers Real Estate

For some time now a number of banks and non-bank lenders have been promoting themselves as “the battler’s buddy”, while illegally forcing their clients to pay for costly certificates. We believe that over the past decade these bully banks and their lawyers have fleeced their borrower clients of $Millions.

It’s a clever scam, because it avoids the disclosure requirements of the Consumer Credit Code by forcing the borrower to incur costs personally.

Over the years we have battled the lenders and their lawyers who use it, but with limited success.

Even the Legal Services Commissioner has been baffled by it.

Let’s look at how it works, and why it has endured for so long.

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