Month: August 2021

Sometimes I believe the Bounce Back Loan scheme is all a bad dream and everyone experiencing problems (or not) with that scheme will wake up and realise it was indeed a nightmare. Today you will discover the latest nonsense from one of the accredited lenders of that scheme famed for their idiocy, that being HSBC, take a look at this letter […]

It appears HSBC are realising they made so many cock-ups during the Bounce Back Loan scheme they need to take it on the chin, and in fact they are doing just that. One customer of theirs who had been sent out a snatch-back letter earlier this year has just been told they can keep the loan and on the same repayment terms. However, in an added twist, the Financial Ombudsman decided they were right to demand repayment. […]

The Bounce Back Loan scheme rumbles on, with the next saga for many people with one of those loans being taking the PAYG options or working out how the hell they are going to pay them back. […]

There was a lot of confusion in the early days of Pay as You Grow regarding the differences between the impact on somebody’s credit rating and their credit worthiness, for clearly if you fail to make one of your payments on a Bounce Back Loan that would impact on your credit rating. […]