April 2022 - Mr Bounce Back - Bounce Back Loan News - Updates

22,000 Duplicate Bounce Back Loans Handed Out But Fear Not the Banks are Covered by the Guarantee!

April 30, 2022

As the audits continue of the Bounce Back Loan scheme, and the men and women armed with calculators try and work out just how much fraud has gone on in that loan scheme, and whilst banks and the Government try and work out what fraud is in the first place, some interesting facts and stats are coming to light. […]

British Business Bank Say That If You Used/Bought an Off the Shelf Dormant Company That Was Not Trading and Bagged a Bounce Back Loan “You Need to Think About That”

April 30, 2022

It was an open secret that some people bought an “off the shelf” Company with the aim of using it to bag a Bounce Back Loan, in fact, at the time of the BBL scheme being open to applications many people were outrageously advertising them for sale online for that purpose, but with a hugely increased purchase price. As for what is going to happen to those people […]

Bounce Back Loan Lenders Have Had Over £240m in Government Guarantees Yanked From Them Already – Many Having Hissy Fits About What They Will Do With Those Loans Now

April 29, 2022

Banks such as HSBC treated a lot of their potential […]

Bounce Back Loans Recipients in Arrears or Default Praise Several Lenders for Sticking Two Fingers Up To The Government For Not Reporting Them to Credit Reference Agencies

April 29, 2022

As the self-imploding Bounce Back Loan saga rumbles onward, and […]

Suitcase Full of Bounce Back Loan Cash Could Now Be in Spain as a Company Director Whose Last Known Address is There is Hit with a 7 Year Disqualification, and Another is Hit with a 9 Year Disqualification for BBL Wrongdoing

April 28, 2022

Two more recent cases of BBL wrongdoing for you to check out today, one involving an £18,750 Barclays Bounce Back Loan and another BBL valued at £31,000 which resulted in a 7-year and 9-year disqualification respectively. […]