I am currently monitoring a rather large number of Bounce Back Loan complaints that are in with the Financial Ombudsman, however one thing you are going to have to accept if you do complain is that they are backlogged, so do not expect a speedy resolution. […]
Currently there is a huge backlog of complaints regarding Bounce Back Loans in with the Financial Ombudsman Service. It is true and fair to say, that it is going to take them ages to work their way through them all, and in typical fashion, the boss of the Financial Ombudsman Service legged it out the door so to speak recently and resigned […]
You will find some banks may offer you compensation if you complain directly to them about any Bounce Back Loan related problems you have experienced, but you can take your complaint to the Ombudsman, just be aware they are backlogged with complaints so are taking quite some time to reply with a ruling. […]
Whilst I know many of you have failed to get one Bounce Back Loan, some people have had lots of them, and today I will be taking a quick look at the background to one such person, who managed to bag 36 BBL’s. […]
The one question I did get asked a lot during the lifetime of the Bounce Back Loan scheme, was “shall I transfer it out” when the funds finally dropped into an applicant’s bank account. Now you may ask yourself why someone who had just secured a Bounce Back Loan would want to move it to another account, well one reason was many banks had acquired a track record for approving BBL’s, paying them out to customers then out of the blue snatching them back. […]
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