April 2023 - Page 8 of 27 - Mr Bounce Back - Bounce Back Loan News - Updates

HSBC Snatch Every Penny in a Sole Traders Business Account to Repay a Bounce Back Loan They Demanded Back – Ombudsman Says That Is What They Do and Toss Out His Complaint

April 24, 2023

I have seen a plethora of similar complaints to this one, in which the Ombudsman says banks can and do snatch money from business owners accounts when they demand back a Bounce Back Loan. […]

Lloyds Bank Customer Denies Applying for a Bounce Back Loan and Says He Never Transferred the Funds Out of His Account and Therefore Shouldn’t Have to Repay It – The Ombudsman Doesn’t Believe Him

April 24, 2023

Having investigated this case the Ombudsman lays out all of the reasons that led him to side with Lloyds Bank and throw out the complainants complaint. […]

Sole Trader Complains That After Applying for a Bounce Back Loan Barclays Declined it then Closed His Account – Ombudsman Says Be Happy with the £200 Compensation They’ve Already Given You

April 24, 2023

As you will see from the outcome of this case, the Ombudsman determines Barclays are not obliged to explain why they declined a Sole Traders Bounce Back Loan application and then decided to close his account. […]

Nail and Beauty Company Owner Massively Over-Egged Her Turnover to Blag a £50k BBL From Barclays Didn’t Use the Money for Her Business Left It Unpaid and is Given an 11 Year Ban

April 24, 2023

Here are the reasons the Company Director named is now starting an 11 year ban. […]

HM Treasury Asked Will They Be Selling Off the BBL Loan Book – They Respond They Hold “Guarantees Not Loans”

April 23, 2023

Before he got the boot during Liz Truss’s reign as Prime Minister, Tom Scholar from HM Treasury explained how the Government does not hold BBL loans they just hold guarantees, listen to what he had to say. […]