News Ticker
November 6, 2024

BBL Helpline Update:

Due to huge demand and lack of resources, on November the 9th 2024, I will be changing the helpline number and making it available to Subscribers and those who have made a Donation only. I kept it free and open to everyone for as long as I could possibly afford to, but alas, I can no longer afford to do so. Therefore if you cannot afford to subscribe or donate and need a chat but have been putting off calling, please do so before that date. Those who have donated/subscribed to the website, I am here for you, as I have been for the last almost 5 years, give me a call any time. – Mike

Take a look at the daily updates which includes Ombudsman BBL complaints and outcomes, in-depth details of everyone banned as Company Directors or given Bankruptcy Restriction Orders as Sole Traders and any updates and new scandals related to the BBL scheme, visit the Today’s News section of the website, and for the juicier stuff, head on over to the Subscriber Special Reports section.

There is a very defaulter friendly system in place when it comes to Bounce Back Loans, and most Lenders will push you to default if you tell them you are skint and cannot repay your BBL. Some will even speed up the default process if its affecting your mental wellbeing. Once you do default the magic happens for you and the Lender, they get their money back from the Government Guarantee and you can then repay any affordable amount each month, which could be just £1 per month, or you could be offered a BBL defaulter discount worth as much as 98p in the £1, or just ride out the 12 month recovery process, as that is when most Lenders give up the recovery process.

BBL Helpline

Due to huge demand and lack of resources, on November the 9th 2024, I will be changing the helpline number and making it available to Subscribers and those who have made a Donation only. I kept it free and open to everyone for as long as I could possibly afford to, but alas, I can no longer afford to do so. Therefore if you cannot afford to subscribe or donate and need a chat but have been putting off calling, please do so before that date. Those who have donated/subscribed to the website, I am here for you, as I have been for the last almost 5 years, give me a call any time. – Mike

Barclays were, until just a few weeks ago, the only BBL Lender enforcing BBL Debts. But now, Starling Bank, Lloyds Bank and NatWest Bank have started to do so. However, they are only doing so if  defaulters fit the very strict criteria for enforcement. The articles above will enlighten you on what that criteria is, and whether you should be worried about any of those Lenders heading to the High Court with a Winding Up Petition against your Company, and if they do, they will often sell the debt to “BBL Bounty Hunters”, those being Litigation Funders who will then pursue you personally for the debt, in exchange for a hefty percentage of the money they recover from you by selling off all your personal assets.

Several dastardly schemes are currently in operation behind the scenes, by several Government Departments to root out BBL fraud and abuse, as you can see above and below. So play by the Arrears and Default rules and you will be fine.

Do not be under the illusion Bounce Back Loan Lenders are all squeaky clean, for as you will discover above, many of them and/or their staff, have been up to all kinds of mischief, including Tide who I exposed ripping off BBL defaulters and Starling Bank playing fast and loose with Financial Crime checks.

Above you will find the various manuals for BBL Lenders and each one will show you just information is disclosed to the Government regarding BBL arrears and defaults and also what Lenders report when claiming on the BBL Guarantee. That information will also be available to the Covid Corruption Commissioner when he or she takes office and finally decides what to do, if anything, to those who Lenders suspect blagged a Bounce Back Loan from them.

Each Quarter I update the website with the very latest Bounce Back Loan figures, which show just how many defaults, arrears and guarantee claims have been paid out to each individual BBL Lender. Some £9,557.07million, (that’s over £9.5 billion) has been paid out in cash to BBL Lenders via the Government Guarantee on some 323,614 Bounce Back Loans. Another 80,214 BBLs worth £1,553.44 million are in arrears, 15,693 BBLs worth £357.43 million are in default and another 19,968 worth £484.19 million are in the queue for the Guarantee payout.  For a detailed insight into the current facts and figures per lender, click or tap here >> Bounce Back Loan League of Shame

BBL League of Shame

Helpline Fundraiser

A Big Thank You to everyone who has either subscribed to the website or made a donation, that enables me to be there for the next caller to the Bounce Back Loan helpline. If you are in a position to do either or both, it is much appreciated, as I can only continue to do what I do with your support.

Worried that you may be locked up for something you did wrong when applying for a Bounce Back Loan or when spending a BBL? Well, be aware that there will be in increased chance of you being hauled before a Judge after November 2025, and for details of why and more, head on over and read this Subscriber Special news article (click/tap to view) >> An Insight Into Why, When and How You Will Be Prosecuted for Bounce Back Loan Related Wrongdoing

NATIS BBL Scandal

The National Investigation Service (NATIS) are a disgraced team of fake police officers who were parading around as an elite police team investigating Bounce Back Loan and Covid Business Grant fraud, before they were rumbled as simply being Thurrock Council Employees. You will find more on that outrageous yet somewhat comical scandal on this link > https://mrbounceback.com/natis-the-bbl-police/ and above is a random selection of their exploits, before they were rumbled. The whole NATIS outrage was of course just one of many scandals linked to the previous Conservative Government, who, as you will know, were up to all sorts. You will find all NATIS related news stories by clicking or tapping HERE >BBL Door-Kicker Files

Traffic Commissioner

Every now and then a Traffic Commissioner bites the backside of a BBL blagging Company Director by either revoking or refusing their Operators Licence, whilst such cases are relatively rare, they do crop up from time to time, as you will discover in the cases above.

Whilst I can help you with most aspects of your Bounce Back Loan “journey”, and actively encourage you to call me on my helpline if you need a chat, sometimes you may need some extra help, such as from a team of legal experts. If you are being hounded about a BBL by the Insolvency Service for example, after taking the insolvency route with your Company or are being messed about by your Lender, or even have the National Investigation Service demanding a meeting in a local police station for alleged BBL wrongdoing, then give Complex Law a call, they know their stuff and will get your sorted, tell them Mike sent you.

As nobody in Government showed any real interest in helping people make sense of the Bounce Back Loan scheme, from applying to repaying and even seeking extra help with repayments or defaulting, I set about doing do myself. Feel free to watch some of my video exploits of doing so, including, but not limited to, visiting and interviewing the British Business Bank and a representative of 28 BBL Lenders and NatWest, and also my many TV and Radio appearances. The things I do for you lot!

Sometimes I have to pinch myself when researching my daily news articles and investigating BBL skulduggery, often by Lenders and those involved in the design of the scheme, for without fail every week and often every day, something is uncovered relating to the Bounce Back Loan scheme that has me believing I am dreaming it all. Do have a good look around the website, for you too may think you are dreaming with some of the crazy things that have cropped up with that scheme over the years and continue to do so.

Subscriber Specials

The website now has over 4,100 pages of Bounce Back Loan related news and information articles, which grows higher in number each day. With that in mind, please do spend as much time as you need having a good look around. But to make your life easier and to view the “juicier” articles, in order, starting with the latest ones, please check out the Special Reports section of the website >> https://mrbounceback.com/category/subscriber-special/

Subscriber Special Reports

Reminder – The Powers That Be Are Turning a Blind Eye If You Over-Egged Your Business Turnover by No More Than 25% Over and Above the Permitted 25% Turnover Figure

For those of you that may be new here and are seeking information regarding the over-egging of turnover, be aware the powers that be, tend to look the other way as long as you did not over-egg your turnover by over and above 25% more than the permitted 25%. Here are some recent cases which prove such: […]

BBL Complaints

If you are pondering putting a complaint in to the Financial Ombudsman about a Bounce Back Loan Lender, then do checkout the BBL Complaints and Outcomes section of the website, to see how 100’s of previous cases have been settled or tossed into the bin. Below are just some of the huge number of such cases submitted day after day, even now, many years after the BBL scheme launched and then closed for applicants.

BBL Complaints and Outcomes

Charity Treasurer Complains Bank of Scotland Defaulted the Charity’s BBL For Missing Repayments, He Argues the Bank Took Ages to Answer Their Phones – Ombudsman Implies BBL Lenders are a Grubby Bunch and Despite Being Told to Be Fair to People by the FCA, Defaulting the BBL Was Always an Odd-On Bet

Have a read of this complaint, which saw the Charity being awarded a few quid for the phone call problems, but the likelihood of the BBL being put into default by the bank so they could put a claim in for the guarantee was always an odd-on chance and more likely than not to happen. […]

Has your LTD Company Strike-Off been blocked, due to an unpaid Bounce Back Loan? Don’t get hit with late submission fees, don’t ignore your responsibilities as a Company Director, and don’t risk getting hauled before a court and getting jailed for falling foul of Section 1006 of the Companies Act 2006. Have a word with Marchford who can help you navigate taking the Strike-Off/Dissolution route with a Company with an unpaid BBL, and can help you unwind any mess your have got your LTD Company in.