Liar Loans are where the Bank, fraudulently alters your income, liabilities, expenses
and may even forge your signature.
According to UBS research about 75% of people have had their expenses understated by the Banks.
(The chart only represents income falsification.)
Ask your Bank for a copy of your Loan Application Form and check for Fraud.
Ask for all computer records and documents associated with the loan approval.
If the bank refuses, lodge a complaint with the Australian Financial Complaints Authority (AFCA).
Why has ASIC not investigated the 1200 fraudulently altered loan application forms lodged with the
Senate enquiry into White Collar Crime?
Why did the Royal Commission barely look at Liar Loans?
These loans are packaged and sold as AAA rated investments to pension funds etc.
This is the behaviour that caused the Global Financial Crisis in 2007.