July 2022 – Page 2 – Mr Bounce Back – Bounce Back Loan News – Updates

Barclays Told to Pay £500 Compensation to a Customer Complaining They Had Unfairly Declined Their Bounce Back Loan – They Then Finally Approve the BBL and It Is Drawn Down Nearly a Year AFTER the BBL Scheme Closed

July 25, 2022

This in an interesting case in which someone got a BBL finally approved and could draw it down earlier this year, (keep in mind the scheme ended to applications back in 2021), after shocking treatment from Barclays who declined their original application, and the customer has also just been awarded £500 compensation too. […]

A Lenient 6 Year Disqualification Given Out to a Company Director Who Used Around 90% of His Company’s Clydesdale Bank Bounce Back Loan for Personal Use and Left It Owing at Liquidation

July 25, 2022

I have not seen that many Clydesdale Bank Bounce Back Loans turning sour, however I am sure there will be some working their way through the system. Here are the details of one of their BBLs that will be paid back to them by the Government Guarantee and saw a Company Director being hit with a 6-year disqualification for wrongdoing. […]

Barclays Wave Goodbye to a £50k Bounce Back Loan They Gave to a Company Whose Director Has Received a 10 Year Disqualification for Overstating Turnover to Get It and Didn’t Use It for the Benefit of His Business

July 25, 2022

A list is revealed in today’s case, regarding things a Company Director spent a BBL on which were not for the benefit of his business which saw him being slapped with a 10-year disqualification. […]

A 6 and 7-year Disqualification Given to Co-Directors Who Overstated the Turnover of Their Business to Bag a Bounce Back Loan and Made Payments Not For The Benefit of the Business Using the BBL Funds

July 25, 2022

If you have been following the number of disqualifications that I have been tracking handed out to Company Directors recently, you will notice overstating turnover and not using a BBL for the benefit of the business are two of the main reasons a disqualification will be handed out when a business goes into liquidation, and here is another of those cases. […]

An 8 Year Disqualification is Deemed Suitable Punishment for Company Director Who Overstated Turnover to Get a BBL and Providing No Evidence It Was Used to Benefit the Business and Left the BBL Owing at Liquidation

July 25, 2022

Lloyds Bank have been left to chase the Government Guarantee on the Bounce Back Loan they approved and paid out in this case which resulted in an 8-year disqualification, due to all manner of wrongdoing by the Director who applied for it for the Company now in liquidation. […]

Revealed – NatWest Did Use a “Secret Turnover Formula” for Deciding Whether to Open a Feeder Account for their Personal Account Holders to Access the Bounce Back Loan Scheme

July 24, 2022

Being a delegated scheme that meant some Bounce Back Loan Lenders could bolt on their own rules when it came to allowing certain customers to open feeder accounts and business accounts to access that scheme, and that is what NatWest did. […]

Company Director Gets an 8 Year Disqualification for Applying for a Bounce Back Loan When His Business Was Not Impacted by the Pandemic, Over-Egging Turnover and JRS Grant Skulduggery

July 23, 2022

Another couple of BBL related wrongdoing cases to present to you today, that have resulted in bans for the business owners, one who has been hit with an 8-year disqualification and another with a 5-year BRO for the skulduggery highlighted. […]

After Badgering The Financial Conduct Authority They Confirm Compensation SHOULD Be Paid to Those Found to Have Been Unfairly Treated by Bounce Back Loan Lenders As Uncovered in Their Report

July 22, 2022

I will get straight to the point with this Bounce Back Loan news update, after having read the disgusting way BBL Lenders have been treating customers I contacted the Financial Conduct Authority to ask what […]

The Letter Lloyds Bank will Send You If They Think You Have Blagged a Bounce Back Loan from Them

July 21, 2022

As lenders try and mop up the mess caused by them offering Bounce Back Loans, today I will show you the letter that Lloyds Bank send those they suspect of blagging a BBL from them which includes details of what happens next. […]

Expect Contact from Dresden Fairfax Solicitors if You Miss Your Starling Bank Bounce Back Loan Repayments and Go Into Default This is the Letter They Send

July 21, 2022

Many people are telling me Starling Bank are offering to consider putting into place a repayment plan if you fall behind with your BBL repayments, as they are obliged to do, here is what they require, and also the letter you can expect from their debt collector if Starling put you in default: […]

Month: July 2022

Barclays Told to Pay £500 Compensation to a Customer Complaining They Had Unfairly Declined Their Bounce Back Loan – They Then Finally Approve the BBL and It Is Drawn Down Nearly a Year AFTER the BBL Scheme Closed

A Lenient 6 Year Disqualification Given Out to a Company Director Who Used Around 90% of His Company’s Clydesdale Bank Bounce Back Loan for Personal Use and Left It Owing at Liquidation

Barclays Wave Goodbye to a £50k Bounce Back Loan They Gave to a Company Whose Director Has Received a 10 Year Disqualification for Overstating Turnover to Get It and Didn’t Use It for the Benefit of His Business

A 6 and 7-year Disqualification Given to Co-Directors Who Overstated the Turnover of Their Business to Bag a Bounce Back Loan and Made Payments Not For The Benefit of the Business Using the BBL Funds

An 8 Year Disqualification is Deemed Suitable Punishment for Company Director Who Overstated Turnover to Get a BBL and Providing No Evidence It Was Used to Benefit the Business and Left the BBL Owing at Liquidation

Revealed – NatWest Did Use a “Secret Turnover Formula” for Deciding Whether to Open a Feeder Account for their Personal Account Holders to Access the Bounce Back Loan Scheme

Company Director Gets an 8 Year Disqualification for Applying for a Bounce Back Loan When His Business Was Not Impacted by the Pandemic, Over-Egging Turnover and JRS Grant Skulduggery

After Badgering The Financial Conduct Authority They Confirm Compensation SHOULD Be Paid to Those Found to Have Been Unfairly Treated by Bounce Back Loan Lenders As Uncovered in Their Report

The Letter Lloyds Bank will Send You If They Think You Have Blagged a Bounce Back Loan from Them

Expect Contact from Dresden Fairfax Solicitors if You Miss Your Starling Bank Bounce Back Loan Repayments and Go Into Default This is the Letter They Send

Subscriber Special – Step By Step Guide to Getting the Maximum Bounce Back Loan Defaulter Discount – You Could, Like 10,000s of Others, Pay Just Pennies in the Pound and Have the Rest Written Off Legally and Legitimately By the Lender with No Further Action