The British Business Bank have finally made live their Request for Proposals guidance for Lenders interested in becoming an accredited Recovery Loan Lender. Some interesting facts and figures in that guidance, including Lenders being able to approve minimum of just 20 customers. […]
In light of the pending investigation of the British Business Bank by the National Audit Office, I decided to see if they were prepared to answer a few simple questions relating to how they handled the BBL scheme. Here are the questions and […]
Most days I am sent over letters from some people who have got a Bounce Back Loan sent by the bank they got one from demanding repayment of those loans, below you can see one typical such letter which is sent out by Lloyds. Annoyingly, as you can see, there appears to be no apparent way to appeal this decision. […]
This is the Money Advice Liaison Group (MALG) Guidelines ‘Good Practice Awareness Guidelines for Customers with Mental Health Problems and Debt’. […]
This is the FCA guidance for firms on use of the pay as you grow options relating to Bounce Back Loans which some of you may be interested in learning more about. […]
I think those of you that were messed about by Barclays when it came to applying for a Bounce Back Loan would agree, some of their staff are not the brightest of people. In fact, having seen the way some of their employees invented non-existent rules when declining BBLs I would agree with you. Today, I will look at one customer and how Barclays decided to work out their compensation for having locked their accounts and access to their BBL for 3 months. […]
They say you should never kick a man when he is down, however when it comes to the British Business Bank, they do deserve a good cyber kicking if nothing else, for the horrendous way they have treated SMEs desperate for a Government backed loan, and much like I have been doing for months, Channel 4 News are now looking into some of the stunts they have been pulling. […]
It is always good to see mainstream media picking up on the plight of SME’s especially when it comes to Bounce Back Loans and the now utterly useless/pointless Recovery Loans, and that is something the Financial Times has just done concerning the latter type of Government backed loans. […]
So nice to see once again the mainstream media continue to pick up on the sleaze and scandals surrounding the Government backed loan schemes, and this time it is the turn of the Daily Mail to reveal the sordid goings on about Ex-Shadow Chancellor of the Exchequer Chris Leslie that I revealed days ago. […]
Discovered this and feel it may be of interest to some of you out there. Be aware that the Debt Respite Scheme (Breathing Space) does not come into force until 4 May 2021 but will give someone in problem debt the right to legal protections from their creditors. […]
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