My 12 hours a day, 7 days a week BBL Helpline is funded by website subscribers and those who kindly make a donation. If you can afford to help contribute, it would be most appreciated, and will allow me to continue to be there for those in a dark place. I have been here since May the 4th 2020, the day the Bounce Back Loan Scheme was launched, and with your help and support I can continue to watch your backs and bring you continuous updates on the never ending twists and turns of the BBL Scheme in the days, weeks, months, and years ahead. Thanks for your support - Mike.
You have nothing to fear about being unable to afford to repay your Bounce Back Loan, the number of people who did no wrong and are being chased after the recoveries process has ended is ZERO. Just make sure you follow the rules and you will be fine moving forward. My helpline is available 7 days a week if you do have any BBL related worries or concerns, and it is me you will talk to. – Mike
Wonderful news that Lex Greensill could soon be banned for up to 15 years for being an outrageous Government backed loan scammer, and he was a Lender! It is just shocking that his lacky, David Cameron, who gave him a desk in, and security pass for Number 10 and enabled his dodgy scam hasn’t been locked up.
It took some doing, but I managed to get the Tide Bounce Back Loan scam ended. My perseverance stopped them trying to rob up to £2.5million from BBL Borrowers who were in financial distress, proving BBL Lenders can be worse than anybody when it comes to BBL abuse!
There have been some right characters in the Conservative Government over the last few years. Take Lord Agnew, he was the Counter Fraud Minister in place at the time of the Bounce Back Loan Scheme, however he resigned and blamed everybody for the failings of that scheme, bar of course himself. Since leaving he has worked as a Bounce Back Loan Bounty Hunter and is once again a Director of his Norwich based payday loan type Company, that did of course get a BBL, it charges sky high interest rates and has been subject to many Ombudsman rulings against it. He even called out one Lender for shady BBL goings-on, the boss of that bank now works for the Government! What a time to be alive.
Never, ever forget, it was the Government who told you to close/suspend your business, then filled your heads with stories of how going outside could lead to your death due to the “pandemic” then as you sat there with your business devastated, and in most cases, in a very, very vulnerable state, dangled a huge £50k loan before your eyes, with no credit checks and no affordability checks.
They are locking up Bounce Back Loan blaggers, and above you will see all cases in which one or more people were taken to court for BBL wrongdoing and ended up getting sentenced. Whilst you will find a range of different cases, a fair number of them relate to applying for and getting a LTD Company struck off after getting, then pocketing a Bounce Back Loan without telling Creditors. That is of course why all attempts to strike off a Company with a BBL owing now gets blocked, unless the bank tells the Government you are vulnerable and they are not pursuing the debt.
If you are in Bounce Back Loan arrears, or possibly in default, or you are heading that way, you are not alone. In fact the figures that are now being released every few months show plenty of people are behind with their repayments or cannot repay those loans. For a detailed overview of how each lender is handling all aspects of arrears and defaults and how many they currently have going through the guarantee claim system and how many guarantees payments have been paid out to them, along with some shocking examples of fraud uncovered take a look at this section of the website and look your lender up. > https://mrbounceback.com/category/league-of-shame/
As part of a pilot scheme, Barclays have so far gone to the High Court to get wound up around 120 Companies who blagged/scammed them out of, or never repaid a Bounce Back Loan, which means they then force the hand of the Directors of those Companies, which opens the door for the appointed Liquidator to pursue their personal assets for repayment. Above are the ones I have so far tracked and reported on that were successful by way of a Director Disqualification and Compensation Orders etc being awarded. They have just been given the greenlight to pursue more Directors due to the success of that pilot, and one other Lender is about to start doing so having signed up to the Bounce Back Loan “Bounty Hunter” Service which Lord Agnew is the face of. You will also find full details of those BBL Bounty Hunters and what they do, in some of the articles listed up above and in this section of the website > https://mrbounceback.com/category/winding-up-orders/
In my role as Mr Bounce Back helping everyone navigate the endless madness that is the Bounce Back Loan Scheme over the last 3+ years, I have had the privilege of chatting to and meeting professionals from all business sectors, and many of them will be more than happy to chat to you and advise you on a range of topics which do cause great concern and worries for business owners. Such as those listed above.
If you diddled a Local Council Business Grant during the pandemic or fiddled the figures on your Eat Out to Help Out claim form, or even pulled any stunts when applying for or when spending your Bounce Back Loan, you will be hoping Labour do not win the next General Election, for Rachel Reeves currently the Shadow Chancellor is hinting, if Labour do win, she will be taking on a new Covid Corruption Commissioner to track you down and get taxpayers money back.
The Government Have Been in Touch with Me About the Ping-Pong and Limbo-Land Many People are Experiencing with the Department for Trade Block Strike Offs When a Company Has a Bounce Back Loan Owing – Read Their Response Here > https://mrbounceback.com/the-government-have-just-been-in-touch-with-me/
When the Insolvency Service sink their teeth into your leg, they rarely let go and will happily slap you with a long disqualification and compensation order if you take the Insolvency route when they are told you committed wrongdoing when applying for and/or when you spent that BBL. Take a look at around 1500 such cases here > https://mrbounceback.com/category/the-disqualification-files/
All Lenders have been told to ensure anybody who is vulnerable is treated very, very fairly when it comes to BBL arrears and defaults. Lets’ face it they should do, as the Government did tell you to close/suspend your business, not go outside or you could die and then dangled £50k loans in front of those business owners they had put the fear of God into, many who were understandably vulnerable at the time. Need a Chat? Give me a bell > https://mrbounceback.com/my-bounce-back-loan-helpline-open-every-day-of-the-week-4am-to-4pm/
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