July 2023 – Page 3 – Mr Bounce Back – Bounce Back Loan News – Updates

Witham Based Director Who Got Two BBL’s for His Single Company and Left the Powers that Be Puzzled as to What He Spent it On, Ends Up with an 11 Year Ban

July 25, 2023

Here is the backstory that led to the Company Director named being given an 11 year ban which starts today. […]

Harpenden Based Director Slapped with an 8 Year Ban Which Starts Today for Blagging a Bounce Back Loan from NatWest When Not Entitled to One

July 25, 2023

As his business turnover was not high enough to entitle it to a Bounce Back Loan, the Company Director named decided to massively over-egg it so he got one and a BBL top-up too. […]

Bexleyheath Based Director Starting a 10 Year Ban Today for Blagging a £50k Bounce Back Loan By Over-Egging Her Company Turnover, Which Was Actually Zero, Then Spending the Money on Herself

July 25, 2023

It was decided that a 10 year ban was the most suitable punishment for the Company Director named in the following case. […]

The Department for Trade’s Bounce Back Loan Privacy Policy Has Been Updated

July 25, 2023

This is the newly updated Privacy Policy regarding anyone who has dealings with the Department for Business and Trade (DBT) in connection with a financial product provided under the COVID-19 loan schemes (including convertible loan products). This […]

Updated – I Have Submitted an Official Complaint to the British Business Bank, Asking Them to Stop the Stress, Alarm and Fear and Potentially Save Live’s by Coming Clean About Bounce Back Loans.

July 22, 2023

This is possibly one of the most important complaints that I have just submitted to the British Business Bank, but one that needs addressing at lightning speed. […]

HSBC Demand a BBL Back from a Customer, the Ombudsman Says That’s Unfair So Reinstate It, HSBC Throws a Hissy Fit and Kicks Off Hiding Behind the Secretive and Heavily Redacted BBL Agreement Customers Cant See and the Ombudsman Backs Down and Says They Now Are Acting Fairly

July 22, 2023

I do feel sorry for the customer in the following case, but ultimately the banks have got the Government and BBL customers screwed with the BBL agreement they had so much input in before the scheme was launched, so can act like it’s the Wild West. Have a read of this case and I am sure you will agree. […]

Ombudsman So Befuddled by the BBL Scheme They’ve Now Started to State When Deciding Outcomes in BBL Related Complaints “They Are Not a Court of Law” and “Cannot Determine if Any Lender Has Acted In a Non-Regulatory or Unlawful Way” – Just Unfairly

July 22, 2023

Financial Ombudsman Service So Befuddled by the BBL Scheme They Have Now Started to Clearly State When Deciding Outcomes in BBL Related Complaints They Are Not a Court of Law and Cannot Determine if Any Lender Has […]

Santander Demand £42k Back of a £50k BBL as They Don’t Believe a Customers Turnover Figure, They Charge Him a £470 Fee When He Deposits the Cash and Escort Him Out of the Building Refusing to Arrange a Meeting to Discuss His BBL

July 22, 2023

Another weird and wonderful BBL related complaint has just been resolved, with the Ombudsman pointing out they are not a court of law and only decide whether a customer has been treated fairly, read through this outcome, and see if you believe the customer or the bank. […]

Read Written Confirmation That Ministers Have Told Bounce Back Loan Lenders That 12 Months Is An Appropriate Amount of Time to Pursue Outstanding BBL Debts

July 21, 2023

Just putting this out there are some of you may be blissfully unaware of it. As you will see, this letter, very clearly and without a shadow of a doubt states Lenders (including their nominated debt collectors) have 12 months from the date of the demand for full repayment, issued after a BBL has been defaulted to try and pursue recoveries. […]

Insolvency Service Sharing Information With Insolvency Practitioners About Companies That Have Obtained One or More BBLs, So They Can Check for Any Type of BBL Wrongdoing and Report it Via the Director Conduct Reporting Service

July 21, 2023

Here is the very latest information that the Insolvency Service have given to Insolvency Practitioners (office holders) who are tasked with liquidating a Company, with regards to Bounce Back Loans applied for and spent. […]

Month: July 2023

Witham Based Director Who Got Two BBL’s for His Single Company and Left the Powers that Be Puzzled as to What He Spent it On, Ends Up with an 11 Year Ban

Harpenden Based Director Slapped with an 8 Year Ban Which Starts Today for Blagging a Bounce Back Loan from NatWest When Not Entitled to One

Bexleyheath Based Director Starting a 10 Year Ban Today for Blagging a £50k Bounce Back Loan By Over-Egging Her Company Turnover, Which Was Actually Zero, Then Spending the Money on Herself

The Department for Trade’s Bounce Back Loan Privacy Policy Has Been Updated

Updated – I Have Submitted an Official Complaint to the British Business Bank, Asking Them to Stop the Stress, Alarm and Fear and Potentially Save Live’s by Coming Clean About Bounce Back Loans.

HSBC Demand a BBL Back from a Customer, the Ombudsman Says That’s Unfair So Reinstate It, HSBC Throws a Hissy Fit and Kicks Off Hiding Behind the Secretive and Heavily Redacted BBL Agreement Customers Cant See and the Ombudsman Backs Down and Says They Now Are Acting Fairly

Ombudsman So Befuddled by the BBL Scheme They’ve Now Started to State When Deciding Outcomes in BBL Related Complaints “They Are Not a Court of Law” and “Cannot Determine if Any Lender Has Acted In a Non-Regulatory or Unlawful Way” – Just Unfairly

Santander Demand £42k Back of a £50k BBL as They Don’t Believe a Customers Turnover Figure, They Charge Him a £470 Fee When He Deposits the Cash and Escort Him Out of the Building Refusing to Arrange a Meeting to Discuss His BBL

Read Written Confirmation That Ministers Have Told Bounce Back Loan Lenders That 12 Months Is An Appropriate Amount of Time to Pursue Outstanding BBL Debts

Insolvency Service Sharing Information With Insolvency Practitioners About Companies That Have Obtained One or More BBLs, So They Can Check for Any Type of BBL Wrongdoing and Report it Via the Director Conduct Reporting Service

As We Move Into Year 5 of the BBL Scheme Here are the Simple, Logical and Much More Importantly, the Legal Reasons Why Most Bounce Back Loan Debts Are Never Going To Be Enforced – So If You Are in Default, Concentrate on Bouncing Back But Without The BBL Around Your Neck

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