Rachel Reeves Covid Corruption Commissioner WILL BE Casting His or Her Beady Eye Over the Bounce Back Loan Scheme – Are You Going to Have Your Collar Felt? A Detailed Insight Into Whether You Will Be Dragged In, Grilled and Punished HERE >> https://mrbounceback.com/rachel-reeves-covid-corruption-commissioner/. The latest BBL data dump has arrived, please take a look at the “BBL League of Shame” section of the website below, to see just how bad each Lender is doing when it comes to Arrears and Defaults, and to also discover just how much they have had back individually via the Government Guarantee.
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. > https://mrbounceback.com/category/todays-news/
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.
My 12 hours a day, 7 days a week BBL Helpline is funded by website subscribers and those who kindly make a donation. 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. Give me a call if you do have any BBL related worries or concerns, it is me you will talk to. 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, and with a new Government on the way, I will need to keep my eyes on them, to ensure they do not try pulling any stunts when it comes to trying to harass those who cannot afford to repay their BBL and have defaulted. My Year 5 Fundraiser is now LIVE. Donate here > https://fundrazr.com/12BBn6
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
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.
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
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.
The website now has over 3,700 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/
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.
Barclays were, until just a few weeks ago, the only BBL Lender enforcing BBL Debts. But now, both Starling Bank and Lloyds 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.
A dastardly scheme is currently in operation behind the scenes, which is going to reveal who blagged a Bounce Back Loan, but sadly, that scheme has the very real potential to cause absolute carnage and label completely innocent business owners as BBL fraudsters. So be warned, and ensure you keep records, such as those highlighted in this article, for one of the worst cases I have seen so far, when someone was wrongly accused of BBL fraud, could have seen that customer being jailed if they hadn’t battled their case, won and got their BBL written-off. Just play the game and follow the rules and you will be fine.
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.
