Forbearance – Mr Bounce Back – Bounce Back Loan News – Updates

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 back the release of the up and coming data dump on Bounce Back Loan performance until September. As you will see, the reason for September […]

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 be about to default on your BBL due possibly to the PAYG options all being used up (you are not alone in that regard the […]

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. […]

Discover How Each Individual Lender Is Responding to Their Customers Who Contact Them About Being Unable to Pay Their Bounce Back Loans – The Good, the Bad and the Ugly

July 20, 2023

I have spoken to enough people on my helpline and seen more than enough letters and documents sent out to Bounce Back Loan recipients to be able to put together this detailed, and much more […]

Please Do Not Be Afraid To Tell Your BBL Lender / Their Debt Collector You Are Vulnerable If You Are – They Won’t Turn Their Back on You and WILL Ensure You Get Fair Treatment and They CAN Write Off a BBL and STOP Chasing You For Repayment

July 19, 2023

I continue to take a great number of phone calls to my BBL helpline, and one thing I have noticed is that a large percentage of those who have called were either vulnerable when they […]

Read The Exchange of Letters Between the British Business Bank and the Government Expressing Concern About Vulnerable Bounce Back Loan Borrowers and the Government Asking for It to Be Hushed Up

July 19, 2023

If you are new here, you are probably blissfully unaware that the British Business Bank, when asked to launch the Bounce Back Loan Scheme, were unhappy about its design. In this article I will revisit […]