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An Insight into Bounce Back Loan Recoveries and Defaults from the Other Side of the Fence
Today I bring you an insight into Bounce Back Loan recoveries and defaults from the other side of the fence. […]
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Been Convicted of Dropping Litter? Not Paid Your Tax Bill? All Possible Reasons a Bank Will Issue an Event of Default for a Bounce Back Loan!
I have been busy of late trying to make sense of the constant stream of snatch back letters many banks have been sending out, which are basically demands for the full and early repayment of Bounce Back Loans, and whilst some of the reasons they are sending such demands/letters out are obvious, some border on the downright outrageous, let me explain. […]
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The National Audit Office Announce a Follow-up Bounce Back Loan Scheme Investigation is Under Way
I do like the team over at the National Audit Office, for when they get their teeth stuck into something, they will investigate and are never afraid of revealing what they have discovered. They have just announced that they are now planning a follow-up investigation into the Bounce Back Loan scheme, so make sure you give them […]
Banks and BBLs
Another Day Another Batch of Default Notices Sent Out – This Time It is the Turn of Starling Bank to Demand Repayment of Bounce Back Loans
Once again, I have been contacted by customers of a BBL accredited lender, this time it is Starling Bank, letting me know they have been sending out more “Default Notices” in which they demand an immediate repayment of a Bounce Back Loan, and as you can see from the following email, they are somewhat impersonal. […]
British Business Bank
The British Business Bank YOU Pay For Are Compiling Guidance for Brokers Who Feast on Commissions and Fees
It gets worse dear website visitor it really does, below you can view in full the Recovery Loan Scheme (RLS) Intermediary (Broker) Guidance the British Business Bank YOU pay for have helped compile. It shows “Brokers” how to earn a healthy commission/fee for “helping” you get a Recovery Loan, the British Business Bank appear to be very chummy with those Brokers, and are eager for them to earn that commission/fee. Why are the British Business Bank YOU pay for not helping SME’s instead? […]
British Business Bank
British Business Bank Reveal the One Liner They Fear SME’s Will Use to Get Off Repaying a Bounce Back Loan
“The Board also discussed the conduct-related risk that borrowers (BBL) sign away rights under the Consumer Credit Act and may then later claim they were vulnerable and so cannot be held accountable for doing so.” […]