Please have a good look around the website, as I am confident if you are seeking out Bounce Back Loan related information, you will find what you are looking for. Those that subscribe also have access to the entire website in addition to to my 12 hours a day, 7 days a week helpline, so if you want a chat, subscribe here > https://mrbounceback.com/membership-join/ then log in for my number and when I am available today, you can do that here > https://mrbounceback.com/helpline/As long as you keep on coming, I will keep doing what I do.
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. […]
Perhaps it wasn’t such a good idea for Santander to put in big an “estimates can be used” wording on their website when you see the number of cases of their customers being slapped for low and behold, over-estimating their estimated turnover. This one resulted in a 10-year ban for the Company Director named. […]
I recently asked the Department for Business and Trade ”When people with a Bounce Back Loan take the “strike off route” with a BBL owing obviously BEIS/British Business Bank block it. Does that strike off just bounce backwards and forwards every […]
They are questions I know a lot of you will want to know the answer to, and this is what I have officially been told for those of you who want to discover if your BBL Lender has put in a claim for the BBL Government guarantee payout and whether they have received it, and information on the “Always Liable for the Debt” aspect of a BBL. […]
Hurrah! Ben the Ombudsman has finally (it has taken him quite some time) seen sense on “estimated turnover” Please read the following, it is long but digest it all. Including this bit “And it is important to note that there was no guidance as to how to calculate the estimate – including on what might (or might not) constitute a reasonable forecast.” […]
The Company Director named has just been given a 10 year ban for her BBL related wrongdoing, however Lord Agnew’s BBL Bounty Hunting Firm are on the case, read on for details. […]
In another unusual twist of the Bounce Back Loan Scheme sage, it has just been announced that Lord Agnew has joined a “Bounty Hunter” type firm that will go on the hunt for wayward Bounce Back Loans that Lenders should not have issued and/or haven’t been repaid. […]
If you have just stumbled on the website having heard me on your wireless, please take a good look around as you will find what you are looking for. Below are the rules regarding the […]
Here is a copy of the Guarantee Agreement your BBL Lender signed and is now in place to cover them and ensure they get their money back if you default on your BBL. As you […]
Hopefully the following guide will help you wrap your head around the situation many people are currently in, that being in limbo when BEIS has blocked a Company Strike Off/Dissolution due to there being a BBL still owing by the Company. […]
As the number of people we will see given custodial sentences for getting a Bounce Back Loan with the soul intention of getting out of repaying it by dissolving their Company soon start to rise, below you will find what […]
Before she passed away, Her Majesty signed into law a new Act that allows the powers that be to go after those who outrageously scammed the BBL scheme, please read and digest the following as you will get an understanding of when that could happen. […]
I do get asked by many people why there are so many Company Directors getting long bans and why some do not get slapped with such a ban when winding up their Companies with Bounce Back Loans owing. With that in mind […]
A Fireside Chat – Episode Two **Listener Discretion Advised** Thanks to everyone who has made a donation https://fundrazr.com/12BBn6 or subscribed to the website, https://mrbounceback.com/membership-join/ your support enables me to be there for those in a […]
The first in a series of Fireside Chats with BBL’ers, if you fancy coming on and letting others know about your experience, good, bad or ugly, get in touch. Obviously calls to my helpline are […]
This is Episode Nineteen in a series of new webcasts in which I will answer, in around 60 seconds or so, some of the most asked individual BBL related questions to my Helpline. If you […]
This is a new section of the website in which I have put together a range of short webcasts that answer some of the many questions callers to my helpline have asked. You will find all of those webcasts over here >> https://mrbounceback.com/category/bouncing-back/
They are coming thick and fast now these cases, and this one revolves around a Stanmore consultancy boss who claimed £25,000 before closing the business in effort to avoid repaying taxpayer loan. A London businessman […]
Slowly but surely cases like this one are working their way through the court system. I will bring them to you as and when I get alerted to them, as there are many others on the way. […]
We head over to North Wales now, for another case of Bounce Back Loan wrongdoing that led to Llandudno Magistrates Court handing out a suspended prison sentence. […]
Whilst the number of people taken to court and locked up for Bounce Back Loan abuse is not huge, when the Insolvency Service gets rattled, criminal prosecution is an option they can take, as the man and wife named in this case have found out to their cost. […]
The inside story of a crime gang that stole millions of pounds in government loans. Tune in and watch it on BBB iPlayer, but don’t choke on your coffee when doing so! My helpline is […]
Getting carted off in a police van for Bounce Back Loan abuse is rare, however there have been quite a number of cases recently that have gone before the courts that have resulted in one or more people being locked up for outrageously scamming the BBL scheme. Make sure that you subscribe today to get full access to all areas of the website, you can do so here > https://mrbounceback.com/membership-join/
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. […]
Even now, long after the BBL scheme closed for applications, the Ombudsman is still dealing with the aftermath, and its taken 11 months for them to give a decision on the following case. […]
You really should take a look at my section of the website that looks at all manner of official Bounce Back Loan related complaints and the outcomes of each of them, for if you are experiencing a problem with your BBL lender you may find others who have had a similar complaint sorted out, or even binned by the Ombudsman. You will find plenty of them to immerse yourself in here > https://mrbounceback.com/category/bbl-complaints-and-outcomes/
The cases of Bounce Back Loan wrongdoing just never end, and here is another one that resulted in a 6 year BRO for someone who got a £28k BBL when his business had ceased trading and used it for personal benefit such as buying an expensive watch and living costs. […]
Another day and another long disqualification handed out, this time for the wrongdoing associated with a RBS Bounce Back Loan, and as you will see from this case, questions were left unanswered as to all manner of payments made with funds from that BBL. […]
One chap appears to have been living the high-life with the proceeds of three Bounce Back Loans, which he got for three Companies that never even traded, totalling some £150,000, here is the story: Muneef […]
Having taken the Insolvency route with a £50k Bounce Back Loan still owing, it was discovered that the Co-Directors named below had splashed out on two new cars, which were not listed as Company assets. […]
Here is the latest rollcall of three Sole Traders who have been found to have committed some form of wrongdoing with their Bounce Back Loans and have been given Bankruptcy Restriction Orders (BRU’s) as punishment. […]
Buying a couple of cars for private not business use using funds from a £50k Starling Bank Bounce Back Loan which were acquired for a dormant company with no turnover, lands Company Director with a 6-year disqualification. […]
The Company Director named in this case is today, the 5th of June 2023 starting a 9-year ban for not using his Company’s BBL for the benefit of his business and not being eligible for the BBL in the first place. […]
You can never have enough Range Rovers I suppose. Here is the background story that has led to the Company Director named being given a 12 year ban […]
They are questions I know a lot of you will want to know the answer to, and this is what I have officially been told for those of you who want to discover if your BBL Lender has put in a claim for the BBL Government guarantee payout and whether they have received it, and information on the “Always Liable for the Debt” aspect of a BBL. […]
As you will see by the following facts and figures, the Insolvency Service is somewhat busy working their way through lots of open cases related to BBL and other Covid-19 Financial Support Schemes skulduggery by Company Directors, Sole Traders, and other Individuals. […]
As the number of people we will see given custodial sentences for getting a Bounce Back Loan with the soul intention of getting out of repaying it by dissolving their Company soon start to rise, below you will find what […]
Before she passed away, Her Majesty signed into law a new Act that allows the powers that be to go after those who outrageously scammed the BBL scheme, please read and digest the following as you will get an understanding of when that could happen. […]
I do get asked by many people why there are so many Company Directors getting long bans and why some do not get slapped with such a ban when winding up their Companies with Bounce Back Loans owing. With that in mind […]
Before he got the boot during Liz Truss’s reign as Prime Minister, Tom Scholar from HM Treasury explained how the Government does not hold BBL loans they just hold guarantees, listen to what he had to say. […]
Here is a copy of an interesting document some of you may have missed, it was when Equifax set about adding their 2p’s worth on BBL collections and recoveries. […]
Quite amazed at the decision by the Ombudsman in this case who finally showed some teeth, and he has told NatWest to write off this Company’s Bounce Back Loan for the reasons outlined. […]
Many of my helpline callers have asked about what HM Treasury officially stated regarding personal assets and being able to continue to trade after defaulting on a Bounce Back Loan, as such here is the letter they sent me after I nagged them about it. […]
I was contacted by someone with a Bounce Back Loan from Conister Bank, and having had his approval to tell his story, its quite an unusual one in which the bank used the services of a Private Investigator […]
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: […]
Even after repaying his Company’s BBL in full, after getting it when not eligible, the Company Director named below is now starting an 8 year ban, for the reasons outlined. […]
Here is the boss of a major UK Bank explaining what happens if you do not engage with them regarding repaying a Bounce Back Loan and if they suspect fraud. He explains how they will try and contact you 15 times in 105 days, and if everything else fails, possibly report you to CIFAS and the Police. […]
Time for a quick update, as many people have been contacting me with updates as to what has happened to them when they have reached the end of the process of defaulting on a Bounce […]
The inside story of a crime gang that stole millions of pounds in government loans. Tune in and watch it on BBB iPlayer, but don’t choke on your coffee when doing so! My helpline is […]
For securing a Bounce Back Loan higher in value than his business was entitled by over-egging its turnover and transferring it to two people, and not providing any evidence to prove the money sent was for the benefit of the business, the Company Director named in this case has just been given an 11 year ban. […]
In another unusual twist of the Bounce Back Loan Scheme sage, it has just been announced that Lord Agnew has joined a “Bounty Hunter” type firm that will go on the hunt for wayward Bounce Back Loans that Lenders should not have issued and/or haven’t been repaid. […]
I have just received the latest Bounce Back Loan performance data dump, and as we all suspected, it is somewhat shocking, or not, dependant on your point of view. Here are some facts and figures: […]
As we wait patiently for the next update data dump which will reveal just how many Bounce Back Loans are in arrears and just how many BBL guarantee claims have been put in by each […]
I have spoken to a lot of people who enlisted the help of third party firms to help them apply for a Bounce Back Loan, and this case involves one such firm who it is alleged over-egged the turnover of the Company they helped get such a loan. Ultimately though the Director of the Company that got the BBL has been given an 11 year ban, for the reasons outlined. […]
They have declined the appeal and upheld the Commissioner’s decision, that being NOT to publicly name everyone with a Bounce Back Loan. Common-sense has prevailed.. A very big heartfelt THANK YOU to the British Business […]
Sarah Munby Permanent Under-Secretary of State for the Department of Business, Energy and Industrial Strategy Confirms a New “Involuntary Liquidation” Pilot Scheme has been commissioned and is proving successful. […]
You may be aware that some people are receiving letters from their Bounce Back Loan Lender seeking clarification on the original turnover figures used to apply for their BBL. Here is Karl Reid, Head of Lending UK Commercial Banking, HSBC saying they are allowing those that they suspect over-egged their turnover to repay those loans as normal as long as they didn’t commit much more serious “fraud”. […]
Watch as Karl Reid, Head of Lending UK Commercial Banking, HSBC explains just how good/bad his banks Bounce Back Loan Book is performing on how they are handling arrears and defaults. I will leave it up to you as to whether he is telling the complete truth […]
As you take a look around this website, you will see information on hundreds of Company Directors who have been slapped with a ban for Bounce Back Loan wrongdoing after taking the Insolvency route. I have spoken to one person and their solicitor that had their ban overturned on appeal, so I know they exist, so I decided […]
Having been set up in a blaze of glory, the main tasks of the Taxpayer Protection Taskforce were to go hunting down those who blagged the SEISS, Job Retention and Eat Out to Help Out Schemes. Let’s face it, many […]
It is one thing being unable to repay your Bounce Back Loan, and for the record you will find most lenders being quite sympathetic if you can’t, but another when you set out to scam the scheme from the get-go, and the chap in the case below got off light, as he could have easily ended up doing some jail time, and he still may do if he reoffends again. […]
Not sure how to describe the group that one major BBL Lender has teamed up with to recover dodgy Bounce Back Loans, I am stuck between “Swat Team” or “Bounty Hunters”, but either way they have been getting some impressive results very recently […]
The rules for recovery and the enforcement of unpaid Bounce Back Loans are quite clear, and that is it is the job of the Lenders to, and in exceptional circumstances, seek enforcement of those unpaid loans. […]
This will be of interest to anybody that has sadly defaulted on their Bounce Back Loan and will help you sleep well at night. Here are official comments and statements from Government Departments confirming that 12 months is the time limit chosen as the cut off point for any BBL Lender or their nominated debt collectors to try and pursue BBL recoveries. […]
Here is the latest from the Department for Business, Energy & Industrial Strategy on how they are tackling recovering fraudulent Bounce Back Loans, or as they prefer to call them “irregular loan payments”. You may find this helpful if you have suddenly received out of the blue a letter from your bank requesting additional information about your Bounce Back Loan, years after you applied for it and got it. […]
Just a quick update, for those of you worried sick that your personal details are going to be splattered all over a Government website for all and sundry to gawp over. The Tribunal Case between […]
What better day to release the latest facts and figures about Bounce Back Loans, than on the day the new Prime Minister is announced, and it was yesterday at around 5pm those figures were released, which as you will see below, they reveal some shocking facts about the BBL scheme and current status of many loans. […]
Below is an overview of what you can expect if you let any of the Bounce Back Loan lenders (or their designated debt collectors) know that you cannot repay your BBL. This information is based on the feedback of hundreds of BBL recipients who have contacted those lenders. […]
Just a quick update, been receiving a lot of calls and emails regarding the State Aid / Business Interruption Payment letters/statements some of you may have received or will shortly receive. I have popped a copy of one such letter below so you can get your head around what it is about. […]
With so many Bounce Back Loans having already been paid back to the banks, and with even more guarantee claims sat in the system waiting to be paid back to them, you may be in a position whereby you cannot repay your BBL and need it paying back to the bank via the guarantee given to them by the British Business Bank, if so read on. […]
Ok, this news update is important, and will, I know, only be of interest to a minority of people, but I want you to read and digest the contents, if you have sadly been forced to take the insolvency route with a Bounce Back Loan still owing, and have been told by the Insolvency Service you have committed wrongdoing, such as over-estimating your turnover and are being pursued for disqualification as “punishment”. […]
I have asked all Credit References for an explanation, as to why Bounce Back Loans do not seemingly appear on Credit Files, I will be updating this page with their responses as they come in, and so far, these are the responses that I have received. […]
Here is the standard letter that Conister Bank will send out to everyone who misses their Bounce Back Loan repayments, be aware that three missed repayments are usually deemed to be the trigger for a demand for full repayment and a default letter. Read more on your options and how enforcement of the BBL debt is not usually forthcoming […]
As lenders try and mop up the mess caused by them offering Bounce Back Loans, today I will show you the letter that Lloyds Bank send those they suspect of blagging a BBL from them which includes details of what happens next. […]
Many people are telling me Starling Bank are offering to consider putting into place a repayment plan if you fall behind with your BBL repayments, as they are obliged to do, here is what they require, and also the letter you can expect from their debt collector if Starling put you in default: […]
This quick guide will let you know what to expect along with a copy of the letter they tend to send out when you end up in arrears with your Bounce Back Loan and Barclays demand it back and default you. […]
I know many of you are waiting for the day when your Bounce Back Loan goes into default, and it is usually after 3 missed BBL repayments that the lender will send you out a demand for full repayment and then put you in default. […]
Here is a copy of a letter sent out to Barclays customers, but you can be assured all the other Bounce Back Loan lenders will be following the same route, if they have suspicions you over-egged your turnover to get a bigger BBL than you were eligible for. […]
Here is my guide for those of you who are experiencing an account review or safeguarding exercise with Santander or HSBC or for that matter any of the other Bounce Back Loan lenders. It will let you know what they are up to and what to expect. […]
It is not only a number of applicants who scammed the Bounce Back Loan Scheme, for as the Financial Conduct Authority revealed just the other day, many lenders are pulling all kinds of stunts to keep their guarantees on those loans safe, mainly by treating SME customers unfairly and as such they are not abiding by the rules. […]
What a surprise, having taken 100’s of calls already on my Fireside Chatline, and spoken to no end of people being treated appallingly by Bounce Back Loan Lenders and/or their third-party agents, the latter who seem equally as gormless/clueless in many instances as the bank staff, the FCA have just dropped a Mother of All Bombs on the already imploded BBL Scheme. […]
I have put together a range of guides and articles that some of you may be interested in, such as the letter and documents you may be sent out when you are in arrears, or the demand for full repayment of your Bounce Back Loan, which you will get when you go into default. Please have a look through them as they will at the very least let you know what to expect and what your options are at every stage of the “game”. They are all available here > https://mrbounceback.com/category/subscriber-special/
I remember that horrendous Friday night way back in the early days of the Bounce Back Loan Scheme when Starling Bank declined en masse 3000+ people for a Bounce Back Loan, I can never forget it to be honest, I cried chatting to a lot of people that night who saw their future business security snatched away from them. […]
As you will see below, Barclays have just been told to pay one of their Bounce Back Loan recipients £300 for not being clear with the amount they have to repay on their Bounce Back Loan, please read and digest this outcome and put your claim in for compensation if you are in the same boat. […]
It looks like Jenny Lomax an Ombudsman at the Financial Ombudsman Service is finally getting to grips with the complexities of the Bounce Back Loan scheme, when customers complain to her about banks messing them about. As this case proves, she took into account, and boosted the compensation initially awarded due to a customers BBL being blocked for a month, and them losing one month’s worth of the interest free period. […]
It is not only a number of applicants who scammed the Bounce Back Loan Scheme, for as the Financial Conduct Authority revealed just the other day, many lenders are pulling all kinds of stunts to keep their guarantees on those loans safe, mainly by treating SME customers unfairly and as such they are not abiding by the rules. […]
“The FCA (Financial Conduct Authority) is a part of the government and BEIS (Department for Business, Energy & Industrial Strategy) is also a part of government, and so we would not provide a commentary on another part of government’s report” was the reply I got after asking BEIS for a comment on the shocking report compiled by the FCA regarding abuse of SME customers and those with a Bounce Back Loan. […]
What a surprise, having taken 100’s of calls already on my Fireside Chatline, and spoken to no end of people being treated appallingly by Bounce Back Loan Lenders and/or their third-party agents, the latter who seem equally as gormless/clueless in many instances as the bank staff, the FCA have just dropped a Mother of All Bombs on the already imploded BBL Scheme. […]
I have put together this guide to give you an insight as to the reasons a Company Director will be hit with a disqualification and why they will be handed one and the length of the disqualifications that can be given out, including any Company Director found to have abused the Bounce Back Loan and/or the CBILs, CLBILS Schemes. […]
This Guide to Bankruptcy and Debt Relief Restrictions Orders and Undertakings looks at what happens when a Sole Trader or an Individual takes the bankruptcy route, and what can happen if any wrongdoing is discovered including abusing the Bounce Back Loan scheme. […]
The number of Bounce Back Loans that have so far gone sour is of course constantly rising in number, and will continue to do so for weeks, months and years moving forward. I have been […]
Above you will find guides on what happens when taking the Insolvency route as a Company Director or the Bankruptcy route as a Sole Trader to try and get out of repaying a BBL and/or what happens when any form of BBL wrongdoing comes to light when doing do. For individual examples of Directors and Sole Traders who have been hit with a ban take a look here> https://mrbounceback.com/category/the-disqualification-files/
My Bounce Back Loan Helpline is open as usual today from 4am to 4pm. Be aware that due to the sheer number of calls I have received over the last three months, and with there being just one of me, I have had to take the decision to make the helpline available exclusively to website subscribers. The number for subscribers to call is below. […]
A big thanks to Patrick Magee from the British Business Bank and Stephen Pegge from UK Finance (the latter who was representing 28 of the BBL Lenders) who kindly volunteered to take part in my […]
I spent Friday mainly travelling, as a window of opportunity had come my way in which I could, at the very least, spend a minute or two with Paul Scully. So I was up and […]
I recently rocked up at the offices of NatWest in London with a camera crew in tow and set about asking their team what help, and support is available to any of their customers who […]
This was my Fireside Chat with the BBC. It was back in December 2021 when I was sounding the alarm bells about business owners who would soon be struggling to repay their Bounce Back Loans. […]
Here is my Fireside Chat with Julia Hartley-Brewer on Talk Radio.
I've been to the Treasury, the Palace of Westminster, Bank HQ’s and even the British Business Bank and chatted to many MP’s and Government Ministers about Bounce Back Loans, they all know many people cannot repay their loans and if you are sat there right now, possibly in a dark place worrying about repaying it, then be aware its not all doom and gloom if you have to default. I am available 12 hours a day if you need a friendly voice and a chat about any type of BBL worries and concerns. Website subscribers you will find my number here > https://mrbounceback.com/helpline/
Today is the day when apparently banks that are part of the Bounce Back Loan scheme are going to have their “digital journeys” for making use of the Chancellors “Pay as You Grow” aspect of […]
When it comes to the Bounce Back Loan scheme, some people working for certain lenders are famed for never being able to shut up and can often spout all manner of nonsense when being quizzed […]
In the second episode of my series of videos in which you can see just what bank bosses have said to Members of Parliament, the one below will enlighten you on what the boss of […]
When dragged, often shouting, and screaming, to sit before a Committee in the Palace of Westminster, those asked to do so often unexpectedly blurt out some real corkers, and you will find footage of some of the more unusual exchanges about Bounce Back Loans between Government Officials, MPs and of course Bank Bosses in this section of the website > https://mrbounceback.com/category/bank-bosses-have-their-say/
Four people have been arrested after the police executed warrants at eight addresses across London and Bedfordshire NATIS Investigation Officers, together with Officers from the Metropolitan and Bedfordshire Police executed warrants at eight addresses across […]
A woman and her family were found with more than £150,000 hidden in their car which had been fraudulently claimed in government bounce back loans, have been ordered to pay back the money. Sevenoaks Magistrates […]
National Investigation Service (NATIS) Officers executed warrants at addresses in the Midlands over the Christmas period together with officers from the West Midlands Police. Two people were arrested in connection with money laundering offences and […]
Two people were arrested in a joint operation led by NATIS Investigators, working alongside Officers from Northamptonshire and Bedfordshire police forces. The two people were arrested as part of a joint National Investigation Service (NATIS), […]
You just never know where they will turn up next, and here is a case involving the Bounce Back Loan door kicking police squad which saw them make a couple of arrests at Heathrow Airport. […]
Bradford is another town that the door kicking Bounce Back Loan fraud squad visited recently as part of their investigations into yet another BBL scam, and whilst there they carted of several people who allegedly bagged at least £150k in BBLs. […]
At the last time of checking the Door Kicking Bounce Back Loan Police Squad as I like to call them had enough cases to investigate to last time a mind blowing 42 years. They have however managed to smash in a few doors in their quest to uncover BBL fraud, and an overview of their most recent cases can be found here > https://mrbounceback.com/category/bbl-door-kicker-files/
Clydesdale Bank came in ninth place as the Bounce Back Loan lender that lent the most during the lifetime of that scheme, they are not afraid to put in for the Government Guarantee and have already done so on a fair old chunk of their defaulted BBL’s. Find out how they are handling BBL Arrears, Defaults and claiming on the BBL Government Guarantee. […]
Bank of Scotland came in eighth place as the Bounce Back Loan lender that lent the most during the lifetime of that scheme, much like their sister Bank Lloyds they did approve and payout BBL’s at great speed. Find out how they are handling BBL Arrears, Defaults and claiming on the BBL Government Guarantee. […]
Tide came in fifteenth place as the Bounce Back Loan lender that lent the most during the lifetime of that scheme, I’ve not seen a single case of anyone taking the insolvency/bankruptcy route with one of their BBL’s owing yet, but boy, they do not mess about with putting in claims for the guarantee, which they have done on over 25% of their BBL’s so far. Find out how they are handling BBL Arrears, Defaults and claiming on the BBL Government Guarantee. […]
Metro Bank came in seventh place as the Bounce Back Loan lender that lent the most during the lifetime of that scheme, they appear to love putting in the claim for the Gov Guarantee rapidly and have been getting their money back at speed too. Find out how they are handling BBL Arrears, Defaults and claiming on the BBL Government Guarantee. […]
Starling Bank came in sixth place as the Bounce Back Loan lender that lent the most during the lifetime of that scheme, Lord Agnew has accused them of all manner of dodgy/shady going-on, whether they are guilty of such or not, time will tell. Find out how they are handling BBL Arrears, Defaults and claiming on the BBL Government Guarantee. […]
HSBC Bank came in fourth place as the Bounce Back Loan lender that lent the most during the lifetime of that scheme, defaults on their BBLs are going to be huge when they get around to putting them in and they are made public. Find out how they are handling BBL Arrears, Defaults and claiming on the BBL Government Guarantee. […]
Santander Bank came in fifth place as the Bounce Back Loan lender that lent the most during the lifetime of that scheme, they are showing no mercy whatsoever if they suspect you of doing something wrong when applying for or after getting one of their BBL’s. Find out how they are handling BBL Arrears, Defaults and claiming on the BBL Government Guarantee. […]
Barclays approved the largest number of Bounce Back Loans, and as such they have seen everything when it comes to those trying to blag one of those loans from them, but plenty of their customers did experience all manner of problems when the scheme was live. Find out how they are handling BBL Arrears, Defaults and claiming on the BBL Government Guarantee. […]
NatWest came second in the table of Bounce Back Loan lenders that lent the most, whilst they did make the occasional error when processing some of those loans, they are prepared to help anyone who is in difficulty repaying one of those loans. Find out how they are handling BBL Arrears, Defaults and claiming on the BBL Government Guarantee. […]
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/
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. […]
Even now, long after the BBL scheme closed for applications, the Ombudsman is still dealing with the aftermath, and its taken 11 months for them to give a decision on the following case. […]
It didn’t take the initial case handler and then when it was moved onto him, an Ombudsman to work out what this HSBC customer was up to, as you will see from this BBL related complaint outcome. […]
A rather long and complicated case here, but one which did see the complainant getting some of the money back that he lost from a cryptocurrency scam. […]
Despite a plea by the affected customer to be allowed to repay his BBL as per the original terms, Starling Bank want their money back, from him or the Government guarantee and the Ombudsman agrees with the bank. […]
Here is a complaint received about NatWest, and as you will see, the Ombudsman says the only way the customer and bank can work out whether a guarantee claim can be put in and explain the procedure of such, is if the bank and customer communicate. […]
Unlike some banks that have said they will look the other way and allow those to repay a Bounce Back Loan as per the original loan agreement if it is later discovered they over-estimated their turnover due to the confusion about that aspect of the BBL Scheme, Santander appear to not be taking that approach. […]
If you do have a complaint about your Bounce Back Loan Lender then you can contact the Financial Ombudsman Service who will investigate. I have been tracking hundreds of them, some which have been upheld and many that haven’t. Whilst you could be waiting months or even over a year for them to make an official ruling on your complaint, you can see some of those they have ruled on in this section of the website. > https://mrbounceback.com/category/bbl-complaints-and-outcomes/
Perhaps it wasn’t such a good idea for Santander to put in big an “estimates can be used” wording on their website when you see the number of cases of their customers being slapped for low and behold, over-estimating their estimated turnover. This one resulted in a 10-year ban for the Company Director named. […]
Here is an interesting case that has resulted in a Company Director being slapped with a 7-year ban. […]
The CEO of the British Business Bank recently stated that Bounce Back Loan fraud and abuse was not at high as first predictions suggested, which is good news. However, each day more and more people who took the insolvency route and left a BBL unpaid or were found to have blagged their BBL in the first place or didn’t use the funds as they were supposed to are getting long disqualifications for their wrongdoing. You will find the full often sordid details of each of the many hundreds of such cases I have tracked here > https://mrbounceback.com/category/the-disqualification-files/
I took it upon myself to badger the Information Commissioners Office and remind them of the dangers of naming everyone with a Bounce Back Loan, whether they are repaying or not. […]
This letter will be of interest to you if you are worried about the potential for those with a Bounce Back Loan to be named publicly on a Government website for all and sundry to nosy at, and also it contains information on the criteria lenders must meet to reclaim BBLs via the guarantee. […]
It has become increasingly apparent that members of the BEIS Strategy, Public Accounts and Treasury Committees are becoming completely and utterly obsessed with badgering the powers that be to publicly name everyone with a Bounce Back Loan. […]
You may be blissfully unaware, but behind the scenes there is a battle going on regarding naming everybody with a Bounce Back Loan on a publicly accessible website. The British Business Bank team are against that idea and are putting up a spirited defence. However, those who do want everybody named, whether they have repaid their BBL in full, are paying it back on schedule or are in arrears or default are being egged on by no other than Lord Agnew of all people!
It just never ends dear website visitor, let us face it with Rishi and Co launching CBILS there was some chunky money to be made with that and all other Government backed loan schemes, and Kit Malthouse MP must have been rubbing his hands with glee when the finance company he founded was accredited by the British Business Bank to offer CBILS. I wonder if that firm will become a Recovery Loan Lender too. As of the […]
Kwasi Kwarteng is Secretary of State for BEIS that organisation instructed the British Business Bank to launch the BBL, CBILS, CLBILS and Recovery Loan Schemes. Well, he must have been giddy with excitement when Helios Investment Partners LLP bunged him £4,500 for his election fighting fund. Then would you believe it, the BBB pick Henry Obi from Helios Investment Partners to become Chair of one of their Working Groups. […]
Today I present to you a few documents that show how some businesses that secured large Government backed loans, have showered Michael Gove MP and Minister of State for Housing, Communities and Local Government with […]
In the House of Lords yesterday, during a debate on the “Economic Crime: Planned Government Bill” which the Government is dragging its heels on, Lord Callanan who is the Under Secretary of State at the […]
It might be easier to list MPs and Members of the House of Lords that do not have shareholdings in companies that were accredited by the British Business Bank as CBILS, CLBILS and even Bounce Back Loan lenders. This time it is Chris Philp MP for […]
Those of you who have been reading my updates for some time will recall I did send in a complaint to the Commissioner for Standards regarding several Members of the House of Lords who voted […]
I have been asked to pop up onto the website in jpeg format the text messages and emails sent and received by and to David Cameron regarding the Greensill affair/saga/scandal. As I am always happy to do such things find them all below. If you shake his grubby hand, count your fingers afterwards. […]
You are not going to believe this, well in today’s Political world you will, below I will lay out all the facts on how a company linked directly to Rishi Sunak and his Wife, bagged a £1.3m Government Back Loan and then went into Administration. I will let you connect the dots on this one dear reader, as I know you like to see “receipts”. […]
You would have thought that having secured a Government backed Loan, Companies that did would be prudent with that money and put it to good use. However, as seems to be playing out continually, I […]
The list of MPs and Members of the House of Lords that have links to firms accredited by the British Business Bank to offer Government Guaranteed Loans gets bigger each time another one is accredited. Today I bring news of Investec the latest Lender to get the greenlight from the BBB to offer Recovery Loans and links to Andrew Mitchell MP. […]
I often wonder what type of person you have to be to be linked with a firm that makes money from the suffering of others, and today I will be looking at one such firm, and one that has direct links to the CEO of the British Business Bank, the son of Iranian business magnate, oh and links with Tide, the BBL lender than run out of money and its CEO said he would badger his contacts in Government for dosh (similarly to what Dodgy Dave Cameron is alleged to have done), then magically won a BCR Grant of £25m whilst supported by the BBB. […]
As it is a Sunday and little happens in the world of Government backed loans or grants, I will today be looking at Alok Sharma’s recent ramblings on renting clothes and buying second-hand clothes as a little more information has come to light, involving the wife of Boris Johnson and David Cameron which explains Alok’s possible eagerness to promote such things. […]
It has of course been a very profitable time for many an MP, Government Minister and even for Members of the House of Lords. Take Lord Agnew who resigned over the running of the Bounce Back Loan scheme, would you believe he is now a Director of a high interest rate charging payday loan type of Company? You may choke on your coffee when you discover that firm also bagged a Bounce Back Loan! For an overview of all manner of other shenanigans check out my Snouts in the Trout directory here> https://mrbounceback.com/category/snouts-in-the-trough/
As you will see below, Barclays have just been told to pay one of their Bounce Back Loan recipients £300 for not being clear with the amount they have to repay on their Bounce Back Loan, please read and digest this outcome and put your claim in for compensation if you are in the same boat. […]
It looks like Jenny Lomax an Ombudsman at the Financial Ombudsman Service is finally getting to grips with the complexities of the Bounce Back Loan scheme, when customers complain to her about banks messing them about. As this case proves, she took into account, and boosted the compensation initially awarded due to a customers BBL being blocked for a month, and them losing one month’s worth of the interest free period. […]
It is good to see some Financial Ombudsman Service BBL related complaints being properly investigated, and compensation being awarded to those affected by all manner of different problems when they applied for or were trying to access their BBL funds. […]
Please have a read of this article, it’s a long one, but introduces a new and very simple way that you can check whether your BBL has any red flag compliance issues, using a state […]
The cost of living crisis, concerns about the new Chancellors mental health and the decimation of GBP on the money markets after his mini-budget that wasn’t a mini-budget, and with huge numbers of businesses not recovering from the Pandemic, many business owners are now looking to the Government to repay their Bounce Back Loan. As a subscriber, if anything doesn’t make sense in this guide then make sure you call my hotline, and I will talk you through everything. I will now explain how things are currently playing out and will give you an insight […]
My Bounce Back Loan Helpline is open as usual today from 4am to 4pm. Be aware that due to the sheer number of calls I have received over the last three months, and with there being just one of me, I have had to take the decision to make the helpline available exclusively to website subscribers. The number for subscribers to call is below. […]
My Bounce Back Loan Helpline is open as usual today from 4am to 4pm. Be aware that due to the sheer number of calls I have received over the last three months, and with there being just one of me, I have had to take the decision to make the helpline available exclusively to website subscribers. The number for subscribers to call is below. […]
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