Bank Bosses

Here is the boss of a major UK Bank explaining what happens if you do not engage with them regarding repaying a Bounce Back Loan and if they suspect fraud. He explains how they will try and contact you 15 times in 105 days, and if everything else fails, possibly report you to CIFAS and the Police. […]

You may be aware that some people are receiving letters from their Bounce Back Loan Lender seeking clarification on the original turnover figures used to apply for their BBL. Here is Karl Reid, Head of Lending UK Commercial Banking, HSBC saying they are allowing those that they suspect over-egged their turnover to repay those loans as normal as long as they didn’t commit much more serious “fraud”. […]

Watch as Karl Reid, Head of Lending UK Commercial Banking, HSBC explains just how good/bad his banks Bounce Back Loan Book is performing on how they are handling arrears and defaults. I will leave it up to you as to whether he is telling the complete truth […]

I knew there would be a whole host of Easter Eggs spurted out at the BEIS Strategy Committee Evidence Gathering session on Covid Loan Fraud on Tuesday, and low and behold Hannah Bernard, Head of Business Banking, Barclays Bank UK did come out with a corker. That being if you over-egged your turnover but repay your loan either in full or via the repayments you agreed when taking out the loan that is not fraud, but if you do not repay then […]

I did warn those of you with a Bounce Back Loan with Santander to be aware that they are checking accounts and demanding answers if anything you told them does not appear to be correct, well they are still doing so. […]