Mortgage Prison or Debt Trap?

There is talk about “getting out of mortgage prison” today. But it is really a “Debt Trap” set by skilled moneylenders who knew the rates would rise from historic lows to trap unwary borrowers.

The last people a small business owner would ask for the way out would be a free financial counsellor funded by those same moneylenders, because that might be the most expensive way out.

The best way out is to turn the tables on the moneylenders.

Find out what they have done wrong then convince them to open the trap-door or endure yet another scandal.

When banks were first de-regulated, Votergram’s founder established a consultancy to help borrowers. It is called GBAC.

GBAC came into being when Politicians let Banks avoid regulation in the 1980’s. It was necessary because they saw they could make billions and earn multi-million dollar salaries by screwing borrowers. GBAC helps borrowers screw them back, in the nicest of ways.

The great thing that Votergrams can help borrowers do is report dishonest bankers to every member of every parliament in Australia. Savaged by the Royal commission revealing their dishonest practices, most bankers are not so keen for that sort of exposure and so will decide to treat a borrower fairly instead.