June 2022 – Page 4 – Mr Bounce Back – Bounce Back Loan News – Updates

Barclays Customer Who Would Have Flown Under the Radar If They Had Made Repayments on Their BBL Even After Over-Egging His Business Turnover Ends Up Taking Insolvency Route and Gets an 8 Year Disqualification

June 6, 2022

Today’s case shows once again the madness of the Bounce Back Loan scheme, for it gives an insight into a Barclays customer who took out a £50k BBL but took the insolvency route and has just been handed an 8-year disqualification. Keep in mind that a Barclays boss has stated if you did over-egg the turnover but continue to repay you are not classed as a fraudster. […]

Close Brothers the Bank Lord Agnew Has Shares In Treats a Customer Appallingly and Stops Him Getting a Bounce Back Loan and One of Their Agents Send Him a “The Police Are Desperate to Arrest You” Message The Ombudsman Steps in and Gives Them a Good Slapping

June 4, 2022

Nothing shocks me anymore, and here is a tale and a half, regarding the utterly shocking way Close Brothers the bank that Lord Agnew has shares in treated one of their customers, it includes threatening messages and all manner of other wrong doing. […]

This Is What a Standard Income/Outcome Form Looks Like Which Needs Filling In When To Show Your Lender You Cannot Afford to Repay Your Bounce Back Loan

June 3, 2022

Many of you have been asking me what the Income/Outcome form some Bounce Back Loan Lenders use to get you to prove you cannot afford to repay your BBL. look like, and what questions need filling in. With that in mind below you will see one such standard form. […]

Another Two 7 Year Bankruptcy Restrictions Orders Handed Out to Two Unrelated Business Owners One For Not Using His BBL For The Benefit of His Business and The Other For Over Egging His Turnover

June 3, 2022

Taking the Insolvency/Bankruptcy route if you have a Bounce Back Loan still owing will see the powers that be delving into what that loan was used for, and if you were eligible for a BBL in the first place. Any wrongdoing will, as the following two people found out, lead to some form of slapping by the Insolvency Service. […]

Sole Trader Who Had a Halifax Account So Got a Bounce Back Loan By Onboarding With Lloyds Has It Recalled As After a Review The Bank Couldn’t Verify His Turnover

June 2, 2022

Many people did manage to onboard with Lloyds Bank for a Bounce Back Loan when they had an account with Halifax, however the Sole Trader in today’s case has had his recalled after a review, which most banks are doing. The Ombudsman as you will see, sides with the bank. […]

Simon Louth the Ombudsman States That Even Though Santander Had in Big on Their Website “Turnover for 2019 (Estimates Can Be Used)” He Expects Actual Turnover Figures To Be Used When Applying for a Bounce Back Loan!

June 2, 2022

Another case here for you to check out, in which Santander snatch back a Bounce Back Loan after a “review” and of course after craftily using most of it to pay off a customer’s overdraft. But the Ombudsman is quite clear that even though the business was established in 2019 and he could estimate his turnover, he didn’t think the business owner should have estimated it! But as you will see the business owner says he estimated his future turnover, which probably gave Simon a reason to knock back the complaint, some would say he should have stuck to saying I could estimate so did. […]

8 Year Disqualification for Bagging a Lloyds Bank Bounce Back Loan By Over-Egging Turnover and Not Using It In Its Entirety for the Economic Benefit of the Business

June 1, 2022

Groundhog Day again as we see another Company Director hit with a disqualification, 8 years in the case outlined below in which he over-egged his turnover and did not use the Lloyds Bank BBL in its entirety for the economic benefit of the Business. […]

Month: June 2022