Forbearance Archives

The Final Nail in the Bounce Back Loan Coffin? – Read and Digest This Letter Offering “Substantial Discounts” to BBL Defaulters! Why Repay a BBL in Full When They Will Offer You Such a Deal?

August 23, 2023

Moorcroft have been contacted and have said the following […]

Some Bounce Back Loan Lenders Are Happy To Speed Up The Default Process To Save BBL Borrowers the Agony of the Usual Three Month Missed Repayment Default Wait

August 16, 2023

If you have a standard cash Bounce Back Loan, then it is usually at the three missed repayment mark that a Lender will default you, then often help themselves to anything in your account to pay down the Bounce Back Loan and send out a demand for full repayment for what is left owing. […]

The Next Set of Figures on Bounce Back Loan Arrears, Defaults, Fraud and How Much Each Lender Has Bagged and Been Paid Back Via a Guarantee Claim Delayed Until September

August 14, 2023

In a surprising move, the British Business Bank have pushed […]

Just a Reminder – If You Do Default On Your BBL the Lender Can and More Than Likely Will Raid Your Bank Account to Pay Down Some or All of the BBL and Will Often Close Your Account

August 4, 2023

For those of you who are new here and may […]

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. […]