It is as if banks that are accredited to offer Recovery Loans are issued with a handbook in which they are told to do everything possible to stop people getting one of those loans. It was the turn of Cynergy Bank to become accredited yesterday and according to […]
I will be revisiting a real corker today, that being how the British Business Bank use third party companies to handle their Social Media output and make up fake Tweets and other rather dodgy promotional campaigns that do somewhat deceive the unwary. […]
I have invited Chris Leslie the Ex-Shadow Chancellor to have a chat with me in the hope he will answer many questions about how the collection agents, that are members of the Credit Services Association, the trade association he is CEO of, will handle any Bounce Back Loan defaults they are sent to try and recover. […]
I noticed that Business Secretary Kwasi Kwarteng was somewhat giddy with excitement as he announced the list of business leaders spearheading the government’s new Help to Grow: Management scheme. Alas when I saw who they were and recall what they have said and done in the past, I am wary about whether that scheme is going to be any use at all. […]
Bank staff really do need to get it into their heads that customers with complaints about their banks are going to communicate with other people about those complaints. Below you will find a prime example of one staff member binning off their customer complaints and telling them they have left their job roles so do not contact them again, when that appears not to be the case. […]
Below you will find an insight into the Government’s response to the COVID-19 pandemic put together by the National Audit Office, it has some interesting insights, into among other things, the Bounce Back Loan scheme that some of you may find of interest. […]
Have been sent the following regarding the criteria and information that Metro Bank will require if you wish to apply for a Recovery Loan with them. Sent in by one of my website visitors, many thanks for that, as Metro Bank never did get back to me when I asked them, all a big secret it seems with some banks, which is of course due to the interest rates they are all able to charge as part of the terms of the scheme. […]
Today I present to you a letter sent out by Amanda Solloway MP on behalf of Paul Scully the Parliamentary Under Secretary of State in the Department for Business, Energy, and Industrial Strategy in reply to a constituent of another MP who had complained about the Recovery Loan Scheme. In case you are unaware the husband of Amanda Solloway was the director of a debt […]
If you needed any proof that the British Business Bank are not SME friendly you only have to look at their latest accredited Recovery Loan lender, that being Atom Bank, who will only let you apply for one of those loans via a Broker, who will of course rinse you for fees. Remember the BBB did cavort with them recently showing them how to bag those juicy fees SMEs will end up paying. Another nice trick pulled by […]
Lots for you to read today, as the Government are now scrambling around like headless chickens in an attempt to do everything they can to stop or at least deter Directors winding up companies if they bagged a Bounce Back Loan, so grab a coffee and read on, and see what Kwasi Kwarteng and others are planning and are up to. Does it include MPs, Members of the House of Lords and Ex-PM’s? Take a Look.. […]
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