November 2022 - Page 5 of 14 - Mr Bounce Back - Bounce Back Loan News - Updates

7 Year Disqualification for Failing to Inform His Bounce Back Loan Lender He Had Applied for a Dissolution of His Company and Using the BBL for Personal Benefit

November 17, 2022

Now that the Insolvency Service have had success in taking a Company Director to court and getting them successfully prosecuted, the Director below was lucky to get hit with just a 7 year ban for the wrongdoing listed below regarding his BBL and the dissolution of his Company. […]

Outrageous Bounce Back Loan Blagger Given a 15 Month Prison Sentence Suspended for 18 Months – Even Though He Repaid the BBL in Full When His Wrongdoing Had Been Rumbled

November 16, 2022

It is one thing being unable to repay your Bounce Back Loan […]

Funding Circle Staff Access Customers Social Media Accounts, Use a Chunk of His Bounce Back Loan Funds to Clear Another Loan With Them Then Demand the BBL Back as He Already Had One – Ombudsman Doesn’t Uphold Complaint But He Got a Few Quid in Compensation

November 16, 2022

Here is a rather long and drawn out BBL complaint, in fact it is made up of two separate complaints, that revolve around Funding Circle and how they treated a customer. Ultimately the customer did get compensation, but the complaints were not upheld. It wrecked my head reading it, but see how you get on! […]

Santander Demand a Customers £50k Bounce Back Loan is Repaid In Full After a Review, the Ombudsman States the Estimated Turnover was Not a “Reasonable Projection” and Tosses Out The Customers Complaint

November 16, 2022

Even though some people were permitted to estimate their turnover when applying for a BBL, banks like Santander are checking their customers bank accounts and Companies House records to ensure those estimates were within reason. […]

NatWest Told to Pay Compensation for Delays in Paying Out a Customer’s Account Balance After Closing Their Account Following a Declined Bounce Back Loan Application

November 16, 2022

Many people did find, that after applying for a Bounce Back Loan, their bank suddenly closed their account, after declining their BBL application. However, NatWest have become infamous for delays in sending out the balances of such closed accounts, and as you […]