July 2022 – Mr Bounce Back – Bounce Back Loan News – Updates

Kicking the BBL Default Can Down the Road – The Take Up of PAYG Options on Bounce Back Loans and the Number of BBLs in Arrears and How Many BBL’s are in Default

July 31, 2022

There is a lot of “massaging of figures” going on regarding Bounce Back Loans, so whilst the British Business Bank may proclaim they have a state-of-the-art portal or dashboard, call if what you will, it […]

TSB Bounce Back Loan Turns Sour and Company Director Slapped with an 11 Year Disqualification for BBL Wrongdoing

July 31, 2022

A total of 333 Bounce Back Loan guarantee claims have been paid out to TSB as of the end of March this year, and here is a case involving one of their BBL’s that saw a Company Director hit with an 11-year disqualification for wrongdoing associated with a BBL. […]

What’s The Current “Going Rate” For Taking The Personal Bankruptcy Route with a Bounce Back Loan Owing? Here Are Four More Individuals Who Did That and Have Just Been Hit with Bankruptcy Restrictions Orders After Abusing the BBL Scheme

July 30, 2022

These four not so bright sparks abused the Bounce Back Loan Scheme in the manner described, and whilst bagging a total of £170,894 collectively in BBL’s, after taking the bankruptcy route to try and get off paying them back, they have been hit with the respective Bankruptcy Restrictions Order. […]

Rishi Sunak Belittles Those Businesses Left Without Support and/or Forced to Take Out a Bounce Back Loan and Isn’t Worried About Losing Their Vote by Proclaiming “Lots of the Excluded Were Probably Not Conservatives in the First Place”

July 29, 2022

One of the benefits of doing this weird little job I have given myself, is that I get to meet some amazing people. Take for example the guys and girls over at Excluded Unity Alliance […]

Some Bounce Back Loan Lenders Need Thanking for the Speed at Which They are Claiming on the Guarantee to Save Their Customers from Undue Ongoing Pressure When Unable to Repay Those Loans

July 29, 2022

What a wonderful world we live in, with the figures released yesterday from the British Business Bank detailing the guarantee claims put in and received by BBL lenders, which mirror those I revealed months ago, they prove beyond any doubt some of those lenders are following the rules on fairness, and a word of thanks needs passing onto them. My phone didn’t stop ringing all day yesterday, and it won’t stop today and moving forward, with people asking what the odds are on their lender fast tracking the guarantee claim […]

How Many Bounce Back Loan Guarantee Claims Per Lender Have Been Paid Out and Settled?

July 28, 2022

Below you will find the data relating to Bounce Back Loan Guarantee Claims put in by each lender that have been settled. Be aware these figures have been released today the 28th of July 2022 […]

What Happens If I Don’t Make My Bounce Back Loan Repayments, Ignore the Bank, and Ignore The Debt Collectors The Bank Instructs to Contact Me

July 27, 2022

I can understand why many people are so aggrieved with the Government, and often their Banks that a lot of them with a Bounce Back Loan who cannot afford to repay them, are not communicating with their lender, or the debt collectors those lenders instruct to contact them on their behalf. […]

Applying for a Bounce Back Loan Top Up From NatWest Weeks After His Business Ceased Trading and was Insolvent and Using Those Funds for Personal Benefit Lands Company Director with a 4 Year Disqualification

July 27, 2022

Bagging a Bounce Back Loan Top Up when his Company was insolvent and no longer trading and then using it for personal benefit was not the smartest move, as the Director in today’s case has just found out, as he starts his 4-year disqualification. […]

The Letter You Can Expect If you Miss Your Bounce Back Loan Repayments With Conister Bank Just Before They Demand The Entire BBL Back and Put You Into Default

July 26, 2022

Here is the standard letter that Conister Bank will send out to everyone who misses their Bounce Back Loan repayments, be aware that three missed repayments are usually deemed to be the trigger for a demand for full repayment and a default letter. Read more on your options and how enforcement of the BBL debt is not usually forthcoming […]

Leaving His Company With No Assets at Liquidation Having Been Found to Have Used a TSB Bounce Back Loan for Personal Benefit Sees a Company Director Get a 6 Year Disqualification

July 26, 2022

I just know there are lots of Company Directors across the land who thought it was a clever idea to get a BBL, then take the insolvency route in the hope they could just get it written off having spent the money on themselves and not the business who are now regretting it. […]