Just a quick update on the Tide BBL Defaulter scam which saw their debt collectors adding fees and charges onto the debts owed by those in difficulty with their Bounce Back Loans.
I have been contacted by many customers of Tide who were victims of that scam, and they inform me the debt collectors have now removed all of those fees and charges.
Luton Fawcett Letter >
Ward Hadaway Letter >
I asked the BBB for a comment…..
A British Business Bank spokesperson said:
“We routinely verify that lenders are acting within scheme rules and take appropriate remedial action if any breaches are found, including with respect to any borrower detriment.”
For the full insight into that scam, follow the link below: