BBL Complaints and Outcomes

Lloyds Bank Told to Pay £300 Compensation for Preventing a Sole Trader from Opening a Business Account to Allow Him to Then Apply for a Bounce Back Loan

Here we are in October 2022, and the Ombudsman is still mopping up the mess caused due to banks like Lloyds not playing ball with customers and potential customers many moons ago, when they could apply for Bounce Back Loans. Here is a case that has seen one such victim being awarded £300 compensation. […]

BBL Complaints and Outcomes

Customer Complains a Personal Loan Was Declined as Santander Had Factored in a Bounce Back Loan Owed by a Company He Is No Longer Associated With – Ombudsman Doesn’t Uphold Complaint

Whilst this complaint was not upheld, the dates shown on the case outcome and when it was submitted, does give you some idea of just how long its takes the Ombudsman to determine an outcome of BBL related cases and how banks such as Santander have screwed things up for some of their customers by not keeping correct records.. […]

close a limited company
BBL Complaints and Outcomes

Halifax Customer Didn’t Read a Letter From Lloyds Requesting a Tax Return So Their BBL Application Decline Could be Reconsidered – Ombudsman Says You Should Have Read It as You Onboarded with Lloyds

To get a Bounce Back Loan if you were a customer of Halifax you were required to onboard with Lloyds, that is what this customer did, but didn’t read a letter Lloyds sent out regarding supplying a tax return, they complained to the Ombudsman who basically said “tough, you should have read the letter” […]

BBL Complaints and Outcomes

Barclays Decide to Close a Customers Account and Demand They Repay Their Bounce Back Loan in Full – Ombudsman Says It’s Permitted by the Banks Terms and Conditions So That’s The End of the Matter

As you can see from the outcome of this case, it is yet another in which the Ombudsman permits a bank, this time Barclays, to close a customers account and demand they repay their Bounce Back Loan due to the bank having terms and conditions which state they can do just that, often terms and conditions borrowers never read or saw. […]

BBL Complaints and Outcomes

HSBC Closed a Customers Accounts, Snatched Back Every Penny to Offset the Bounce Back Loan They Issued, the Ombudsman States They Acted Fairly But it’s the Courts Duty to Decide if They Discriminated Against Him on the Grounds of His Nationality

Yet another case to present to you today of HSBC deciding to close one of their customers bank accounts, and snatch back all funds in the accounts to repay a Bounce Back Loan they also decided that customer was no longer having from them. Here is the judgment of the […]