April 2023 - Page 15 of 27 - Mr Bounce Back - Bounce Back Loan News - Updates

Santander Snatch Money from a Company Directors Personal Bank Account to Repay a BBL, Ombudsman Say Tough, You Weren’t Eligible for that BBL in the First Place and Transferred that Money From Your Business Account Anyway

April 18, 2023

Here is another case in which the Ombudsman decided Santander were within their rights to snatch money out of a Company Director’s personal account after recalling a Bounce Back Loan. […]

Starling Bank Default a Customers Bounce Back Loan, He Complains Saying Just Let Me Repay It Under the Original Terms, the Bank Says No but the Ombudsman Says Work Something Out with Him

April 18, 2023

What will probably happen in the case you can read below is that Starling will sneak in their Government Guarantee claim and let the customer work out a repayment plan with their debt collectors, who will send the money raised back to the Government to reduce the guarantee claim liability. […]

TSB Terminated a Sole Traders BBL , She Complains but the Ombudsman Says You Applied for Several BBL’s with Different Turnover Amounts, They Were Estimates She Says, Ombudsman Sides with TSB

April 18, 2023

After the bank reviews a customer’s bank accounts the Ombudsman in the following case determines that TSB had reasonable grounds to determine she was not eligible for the BBL she got. […]

Having Over-Egged His Business Turnover to Get a £50k NatWest Bounce Back Loan and Entering Into a Creditors’ Voluntary Liquidation with the BBL Left Unpaid a Director is Given an 8 Year Ban

April 18, 2023

Here is an overview of another case of BBL wrongdoing that has just resulted in the Director named being given an 8 year ban. […]

Having Not Used His Santander Bounce Back Loan in its Entirety for the Benefit of His Business a Company Director is Slapped with a 6 Year Disqualification

April 18, 2023

There is no end to the list of Company Directors being slapped with bans having taken the insolvency route with a BBL still owning, and the one named in this case is now starting a 6 year ban for not using some of his BBL for the benefit of his business. […]