Other Updates

As the clock struck midnight last night, bank bosses across the UK probably collectively put out a sigh of relief as that marked the end of the Bounce Back Loan Scheme, but now its time for Rishi and Co to put their thinking caps on, for if additional help and support is not forthcoming, many SMEs will, for want of a better word, be in the sh*t! […]

Just before the start of this Bank Holiday weekend, and with banks having until today, the 31st of May 2021 to process any Bounce Back Loans in the system before the curtain falls on that scheme, BEIS have decided to start promoting another finance scheme for SMEs, that being Merchant Cash Advance which is being offered by […]

The fashion guru and “Westminster hairstyle trend setting” MP, Alok Sharma, he who oversaw the Bounce Back Loan Scheme, has decided the time is right to demand you all start wearing or selling (if you are a clothes retailer), hand me down clothes, or if you operate a beauty salon you must go green, so no more punk or beehive hairstyles held in place with […]

As you may recall I made contact with Charles Leslie from the Credit Services Association in the hope that he could explain the code of ethics and standards that all debt collectors and recover agents signed up to that Association he heads will be expected to adhere to when asked to attempt to recover funds from those defaulting on Bounce Back Loans, and a range […]

I have invited Chris Leslie the Ex-Shadow Chancellor to have a chat with me in the hope he will answer many questions about how the collection agents, that are members of the Credit Services Association, the trade association he is CEO of, will handle any Bounce Back Loan defaults they are sent to try and recover. […]