Month: April 2022

BBL Complaints and Outcomes

Ombudsman Decides That Starling Banks’ Policy of Only Allowing Persons of Significant Control to Apply for No More Than One Bounce Back Loan Even if They Had More Than One Business Eligible Was a Decision Starling Bank Could Make and Did

April 6, 2022

Whilst the rules of the Bounce Back Loan scheme did permit business owners to apply for as many BBLs as they had businesses, if each business was eligible, Starling Bank decided they would not follow those rules. In the case outlined below someone challenged that decision […]

The Disqualification Files

Over-Egging Turnover To Bag a £50k Barclays Bounce Back Loan When Only Eligible for a Much Lower Value BBL and Failing To Explain Where It Went Lands Company Director with an 8 Year Disqualification

April 5, 2022

Having heard one of the bosses at Barclays saying she knows many of her BBL customers over-egged their turnover, but if they make repayments that is not fraud, this Company Director could be kicking himself for not making repayments on his BBL, for taking the Insolvency route has just landed him with an 8-year disqualification. You can find more about that over-egging turnover statement from […]