The Debt Respite Scheme (Breathing Space) will give someone in problem debt the right to legal protections from creditor action. This guidance is for debt advice providers who want to set up a breathing space for clients to give them time to get advice and find an appropriate debt solution. […]
After a couple of weeks of sending out annoying and time wasting text messages to their customers seeking a Recovery Loan, Barclays have finally sent out more details of what is needed to be supplied to the bank, here is that email and the list of what they want applicants to send into them as stage one of the process. […]
I am repeatedly being asked what I feel is the likelihood of each of the Bounce Back Loan accredited lenders experiencing defaults with those loans, and the chances of them uncovering fraud committed by those they gave out those loans to, so today I will give you an insight into that based on cold hard facts. […]
Sadly, with all the sleaze swirling around the Covid Loan Schemes, it is no surprise to hear an Ex-Shadow Chancellor of the Exchequer who, part way through the Bounce Back Loan Scheme, became the CEO of a “Debt Collectors Association” urging the Government, Lenders, and the British Business Bank to stick to a hard-line approach to those who received one of those loans. […]
Well, HMRC and Rishi Sunak sure do know how to continue to annoy SMEs, for at midnight last night those lucky enough to have been chosen to claim SEISS4 on the 22nd of April could of course do so, however when they did they were greeted with a message that warned them it could take up […]
Whilst it has been yet another pathetic week of rejections and knock-backs for those who may have applied for a Recovery Loan (finally had word some have been successful though), there is some good news for some of the 4,607 people who applied for a Bounce Back Loan with Conister, many of whom heard nothing back from that lender. […]
An overview of the development and rollout of the Coronavirus Business Interruption Loans Scheme, the Coronavirus Larger Business Interruption Loans Scheme and the Bounce Back Loans Scheme, including refinements and challenges, as well as the subsequent Recovery Loans Scheme. […]
Today I will be naming many Members of the House of Lords that have financial links with each of the accredited lenders that are part of the many Government back loan schemes. I will also be naming others that have direct links with the British Business Bank and other organisations associated with those schemes that may raise an eyebrow. […]
Another lender that the British Business Bank has decided is worthy of their accreditation is Oak North Bank, however if you are after a Recovery Loan of less than £500,000, they clearly do not want you to darken their doorstep. […]
I think I have found the most bizarre set of rules attached to who can or should I say cannot apply for a Recovery Loan with yet another British Business Bank accredited lender. […]
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