

We’re victims of Westpac bank fraud - help stop this greedy bank from taking our home


We’re victims of Westpac bank fraud - help stop this greedy bank from taking our home
The issue
My husband and I are pensioners, about to lose our home because greed, fraud and heartlessness at Westpac has thrown our life into financial chaos.
Five years ago we were close to owning our home, having worked our whole lives to pay it off, when we were spruiked by a property investor who convinced us to invest for our retirement.
We were talked into a financial strategy fraught with risk and yet were told this idea was totally "affordable". Instead, we were victims of predatory lending, with Westpac approving loans based on inflated incomes, completely unknown to us.
What has followed has become our day to day living nightmare. Predictably, due to age and health issues, my husband ceased work shortly after. We’ve been left with spiralling debt and Westpac threatening to reclaim our home to cover the costs.
What angers me the most is the system used to verify our loan has now been BANNED from use.
As long term Westpac customers we trusted Westpac to look after our financial needs - they had all of our financial records and were fully aware of what our repayment limits.
My husband and I appeared on the ABC Lateline show on 21 April 2016, after which Westpac said they would conduct a "full investigation into our case". Yet the bank is still ignoring us - saying we should seek legal advice instead.
Please sign & share - help stop Westpac leaving victims of banks fraud homeless.
The issue
My husband and I are pensioners, about to lose our home because greed, fraud and heartlessness at Westpac has thrown our life into financial chaos.
Five years ago we were close to owning our home, having worked our whole lives to pay it off, when we were spruiked by a property investor who convinced us to invest for our retirement.
We were talked into a financial strategy fraught with risk and yet were told this idea was totally "affordable". Instead, we were victims of predatory lending, with Westpac approving loans based on inflated incomes, completely unknown to us.
What has followed has become our day to day living nightmare. Predictably, due to age and health issues, my husband ceased work shortly after. We’ve been left with spiralling debt and Westpac threatening to reclaim our home to cover the costs.
What angers me the most is the system used to verify our loan has now been BANNED from use.
As long term Westpac customers we trusted Westpac to look after our financial needs - they had all of our financial records and were fully aware of what our repayment limits.
My husband and I appeared on the ABC Lateline show on 21 April 2016, after which Westpac said they would conduct a "full investigation into our case". Yet the bank is still ignoring us - saying we should seek legal advice instead.
Please sign & share - help stop Westpac leaving victims of banks fraud homeless.
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Petition created on 5 July 2016
