Banks and BBLs

HM Treasury, the National Audit Office, BEIS and Most Banks Do Not Have a Clue Yet On The Scale of Bounce Back Loan Defaults But Banks Are Now Issuing Official Default Notices One of Which I Have Uploaded

With no real idea yet on the number of Bounce Back Loan defaults that are likely to occur in the coming months, all you will see is estimates from those involved in the scheme, however I have seen a plethora of BBL Breach Letters being sent out by some banks, and today I will give you an insight into what an Official Default Notice looks like from one bank. […]

Banks and BBLs

You Will Know How Arrogant Santander Were Regarding Opening Business Accounts when BBLs Were Available If You Tried to Do So. Read Their Official Response

One of the bosses of Santander has admitted that bank will be snooping in business customers accounts if they got a Bounce Back Loan to see if the account is being run as they would expect with regard to certain aspects of the application for a BBL those customers made/supplied, and today that boss gives an insight into how they handled business account openings during the BBL scheme. […]

Banks and BBLs

Are Barclays Telling the Truth about Problems Customers Had Opening Business Accounts Whilst the Bounce Back Loan Scheme Was Live? Read Their Official Response

I heard plenty of complaints about Barclays relating to SME’s trying to open business accounts with that bank with the aim of getting an account opened and then going on to try and apply for a Bounce Back Loan, today you can find out what one of their bosses has to say on that subject and other related questions she has answered. […]

Banks and BBLs

Starling Bank Finally Make Live the BBL PAYG Options But Are Demanding Repayment in Full From Some LTDs and HSBC Are Delaying Those Options for Some SMEs Too

It looks like Starling Bank have finally given in to pressure to get their PAYG BBL Options live but be warned they are monitoring Companies House and demanding repayment of Bounce Back Loans in full if anything is amiss, and HSBC are delaying the activation of those options for some SMEs too. Feedback received also indicates that HSBC […]

Banks and BBLs

An Insight Into Barclays Bounce Back Loan Snatch Backs and Defaults, Looks Like They Are Giving SMEs Options Before Farming Them Out to Debt Collectors

Worryingly, I have had a slew of complaints about Barclays demanding repayment of BBLs sent to me over the weekend (for various different reasons) and today I will give you an insight into what they are offering one of those customers by way of options for repayment before they farm them off to their collections team and/or debt collectors. […]