Bankruptcy Restrictions Orders varying in length from 6 to 10 years are being handed out a great speed currently, and here are another six sole traders who have been slapped with one for all manner of Bounce Back Loan wrongdoing. […]
As always, I am getting a mixed bag of feedback regarding the touchy topic of Bounce Back Loan “write-offs”, however it does seem that most lenders are not putting their customers who cannot repay through a nightmare journey when it is blatantly obvious that they cannot repay. The key for a loan being fast tracked for the guarantee […]
Here is another Ombudsman case that they have decided not to uphold in which a customer admitted to accidentally over-egging by estimating his turnover to get a TSB Bounce Back Loan and is questioning, as they snatched it back, and if they suspected fraud, why did they not log a CIFAS marker. Not all suspicions are reported to CIFAS says Ben the Ombudsman. […]
Some outrageous behaviour from the numpties at the Skipton Building Society to reveal to you today, and a lesson to be learned by other lenders who throw fraud markers around willy-nilly. What is surprising to read is that the Ombudsman states she doesn’t believe a fraud marker would not stop some BBL lenders approving Bounce Back Loans […]
Not paying back a Bounce Back Loan obtained by over-egging the business turnover and taking the insolvency route leaving the BBL unpaid when that loan has been used for personal benefit always results in a disqualification, and here are the details of someone who has just been hit with a 10 year disqualification for doing just that. […]
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