April 2022 - Page 5 of 11 - Mr Bounce Back - Bounce Back Loan News - Updates

Another Case of a Company Director Not Using a £50k Barclays Bounce Back Loan for the Benefit of His Business then Taking the Insolvency Route. This One Ended with a 6-Year Disqualification

April 19, 2022

It was a Barclays Bounce Back Loan that turned sour in this case, in which a Company Director ended up with a 6-year disqualification for the wrongdoing associated with that BBL that is outlined below. […]

A 4 Year and a 6 Year Disqualification for Not Using Two BBL’s for the Benefit of Those Businesses, and an 11 Year Disqualification for Massively Over-Egging “Estimated Turnover” Figure to Get a BBL

April 18, 2022

There does appear to be no consistency when it comes to the length of disqualifications handed out when a business owner takes the insolvency route with a Bounce Back Loan still owing, as today’s three cases will reveal. […]

Ombudsman Does Not Uphold Complaint in Which HSBC With No Reason Given Snatched Back £18k from a Customer’s Account Balance and Demanded Repayment of the Rest of a £50k Bounce Back Loan

April 17, 2022

Hiding behind their terms and conditions has enabled many a bank, including HSBC, to simply snatch the balance from any customers account to offset a Bounce Back Loan which they are also demanding full repayment of. The Ombudsman as you will see in today’s case, often determines when someone makes a complaint, that is the banks right and does not uphold such complaints. […]

Jenny Lomax a Financial Ombudsman Service Ombudsman is Still Mopping Up Complaints About Bounce Back Loan Applications and Here is Another Lloyds Bank BBL Complaint That She Has Decided Not To Uphold

April 16, 2022

You only have to look at the length of time the complaint took in today’s case which relates to a Lloyds Bank BBL application to reach Jenny Lomax who is an Ombudsman at the Financial Ombudsman Service, to realise how messed up that “service” is. Ultimately having been knocked back by a case handler it was passed to her for a final decision. […]

Over-Egging Turnover to Get a Barclays £50k BBL and Stating Those Funds Were Sent to India for Software Development When in Fact Some Were Used For Personal Benefit Lands Company Director with a 7 Year Disqualification

April 15, 2022

Here are the details of another Company Director that took the liquidation route which then exposed all manner of wrongdoing with a Bounce Back Loan which was meant to be used for the economic benefit of the business. Upshot was a 7-year disqualification. […]