“The Winning Borrower” 

“I was phoned one day by an IT executive, just after I had spoken to a farmer whose total crop proceeds had been seized by the bank. The IT expert had a similar problem. His bank account had also been frozen after a large deposit had been made into the account. The bank’s receiver took it all.”

So begins “The Winning Borrower”, the story of how one man took on the big banks to save customers all over Australia from foreclosure. He learned to watch the banks like a hawk to ensure borrowers got  fair treatment and to report the banks to parliament when they didn’t.

Baseball bats to battle bank debt issues

In the process of negotiations, mediations and refinancing, he learned to watch out for indications of illegal practices by banks. Disturbing details surfaced of how banks lied, cheated and trapped the customers in debt they could not clear without selling their mortgaged properties. The author relates how untrustworthy banks have exploited customers  in their quest for multi-billion-dollar profits. He sometimes takes a metaphorical baseball bat to the bankers but says that until government gets free of the big bank grip on it, customers should join BankWatch to monitor and report bad bank behaviour to parliament. By being watchful some of his clients ended up making more profit out of their loan settlements than out of their businesses or farms.

Royal Commission investigates bank loan problems

The day the Prime Minister announced that there would definitely not be a Royal Commission into the banking industry, the author sent a Votergram to each one of the 225 Federal MPs decrying the decision. Within days the decision was reversed and the Royal Commission announced.

Author makes book free to farmers during March

“The Winning Borrower” 85 page e-book by this BankWatch founder, businessman farmer, Chartered Accountant and CPA , who became a bank loan consultant by accident, is available during March as a FREE e-book to help bank customers all over Australia enjoy more profitable and secure farming.