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An Australian consumer advocate is trying to rally New Zealanders stung by collapsed finance companies.
Sixteen finance companies have either gone under or struck severe problems within the past year.
Denise Brailey says victims need to take matters into their own hands and start thinking about ways the losses can be recovered.
She is urging people with an equity loan from a finance company to get a copy of their application form.
Bailey says most of the investors she has spoken to do not have the loan application form on their file. But she says when they get it they find there is fraud, forgery and have been tampered with after their signature was obtained.
She says she has seen enough of these documents to know its the same model that was being used to fleece $8 billion dollars from Australians.
Baily has been brought to New Zealand by the Exposing Unacceptable Financial Activities - a group fighting on behalf of investors out of pocket after the finance company collapses.
The group recently welcomed news of a second investigation into Bridgecorp, which went under taking around $450 million of its 14,500 investors' money with it.
Exposing Unacceptable Financial Activities says if anyone is found to be at fault, they need to be brought to justice.
