September 2021 - Page 4 of 7 - Mr Bounce Back - Bounce Back Loan News - Updates

Barclays Lock BBL Customer Out of Their Account in Aug 2020 for an “Account Review” and Finally Completes It and Unlock Account in Dec 2020 – Financial Ombudsman Does Not Uphold Complaint and Thinks That Is Fair!

September 16, 2021

When I come across stories such as today’s, I can understand why anyone with a Bounce Back Loan would remove the funds from that loan completely from their business bank account along with any other funds held in their account, rather that risk a bank unfairly locking their account or even snatching those funds back. I have seen plenty of examples of both recently. […]

Financial Ombudsman Rules Barclays Were Acting Correctly When They Snatched Back £36k of a £50k BBL That One of Their Customers Had Left in Their Business Account – One of Many Snatchback Complaints Going Through the System

September 15, 2021

Bounce Back Loan snatch backs are commonplace, I have seen no end of people being told weeks or months after getting a BBL that their bank accounts are locked pending a review, then being told any and all funds in their accounts have been grabbed by the bank and a demand going out for full repayment of the BBL less the funds grabbed. The Financial Ombudsman is the only […]

Lack of Business Due to Lockdown and Mounting Debt Forced the Hand of a Company Director Who Applied for a £25k Santander BBL Which Was Then Used to Repay Personal Loans, the Upshot of Which Was a 6 Year Disqualification

September 14, 2021

Sadly, when it comes to the devastating effects of the pandemic, many business owners made decisions that they now regret. Another 6 year disqualification has been announced this time concerning a businesswoman that used a £25,000 Bounce Back Loan from Santander for personal use. […]

Co-Directors Get a 7 Year Disqualification Each for Applying for a £50,000 BBL When Company Only Eligible for £24,288 and Using Over £10k for the Benefit of Themselves

September 13, 2021

This is the first disqualification I have come across concerning Co-Directors of a LTD Company, however both have been hit with a 7 year disqualification for applying for a BBL more than they were entitled to and using a chunk of it to benefit themselves and not the Company, here is an overview. […]

Request for Subscribers to Offer Any Additional Input into this Updated/New Misconduct in Public Office Related Complaint Prior to Me Submitting It

September 11, 2021

A quick update for those of you eager to find out how my complaint regarding misconduct in public office has progressed. Well, I was contacted by the police who advised me I need to take the complaint to the Home Office. That I did, but late on Thursday night I was contacted by the following Government Department informing me they would accept the complaint. That was the […]