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[ October 16, 2021 ] Using Funds from a Bounce Back Loan for Crypto Trading Lands Sole Trader with a Six Year Bankruptcy Restrictions Order Premium Content
[ October 15, 2021 ] Two Recent Financial Ombudsman Service Determinations Regarding a Royal Bank of Scotland and a Bank of Scotland BBL Related Complaint – They Find Errors Were Made by The Banks But Do Not Uphold Complaints BBL Complaints and Outcomes
[ October 14, 2021 ] Questions Put to The Government Since August 2021 and the Official Responses Regarding Bounce Back Loans – Including a Proposal for Another 12 Month Delay on Repayments Todays News
[ October 13, 2021 ] Three Company Directors Hit With 6 Year Disqualifications When Winding Up Their Companies for Using Funds From 2 Santander BBLs Worth £23k and £29k and a Lloyds Bank BBL Worth £25k For Personal Benefit Premium Content
[ October 12, 2021 ] Company Director Gets a 9 Year Disqualification Upon Winding Up Business for Obtaining a Starling Bank BBL Worth £25k and a £25k Top Up When It is Revealed His Turnover for 2019 Was Zero and He Used BBL Funds for Personal Benefit Premium Content
[ October 11, 2021 ] Traffic Commissioner Calls a Public Inquiry and Subsequently Revokes Hauliers Operating Licence After Deciding Among Other Things the Business Owner Was Not Eligible for a BBL Some of Which Was Spent on Shoes, Food and Taxing His Car Premium Content
[ October 10, 2021 ] World Mental Health Day – If You Were Forced, Coerced or Needed to Take Out a Bounce Back Loan Spend Some Time Today Making Sure That Loan Is Not Causing Your Mental Health to Suffer For It May Just Be Todays News
[ October 9, 2021 ] Got One or More Bounce Back Loan(s) for Your Business(es)? Then Make a Data Subject Access Request with Cifas to See if Any Lender in That Scheme Has Given You a Fraud Marker Todays News
[ October 8, 2021 ] Over-Egged Turnover, Claiming Business Was Not in Difficulty When Applying for a Barclays BBL When it Was and Using the BBL for Personal Benefit Lands Company Director with a 9 Year Disqualification Premium Content
[ October 6, 2021 ] Breaking News – Financial Ombudsman Service Sound the Alarm Bell and are in a Mad Panic to Employ More Staff to Handle the Expected Avalanche of Additional Bounce Back Loan Scheme Complaints Premium Content
[ October 6, 2021 ] Another Example of the Financial Ombudsman Unable to Intervene When a Bank Blocks an Account and Snatches Back a Bounce Back Loan But Fails to Explain Why Premium Content
[ October 5, 2021 ] Insolvency Service Hands Out Another 6 Year Disqualification to Company Director For Using Most of a £42k Barclays Bounce Back Loan For Personal Benefit Premium Content
[ October 4, 2021 ] Ombudsman Feels £300 is Fair For Delays Endured by HSBC Customer Applying for a CBILS Who Ended Up with a Bounce Back Loan BBL Complaints and Outcomes
[ October 3, 2021 ] Simple Loophole Ensures Banks Can Block Your Bank Account and Snatch Back any Funds Including Bounce Back Loan Funds in That Account at Any Time and the Financial Ombudsman Will Shrug Their Shoulders Premium Content
[ October 2, 2021 ] 5 Year BRO for Indian Takeaway Owner Who Transferred a £50k BBL to a Family Member for No Apparent Reason – 8 Year BRO For Man Who Secured a £50K BBL for a Partnership That Had Ceased Treading Before the BBL Scheme Launched – Co-Directors Hit with a 7 Year Disqualification Premium Content

October 16, 2021

Barclays Finally Sending Out Text Messages Acknowledging Recovery Loan Applicants – But Be Warned About the Bank Referral Scheme

Just a quickie for those of you that have been asking about Barclays, they have just sent out a mass batch of text messages, similar if not identical to the one below: […]

When are the likes of Starling Bank and Metro Bank Going to be Offering Recovery Loans?

Based on a recent poll I ran, around 60% of business owners who want to apply for a Recovery Loan are currently waiting for their bank to start offering them, well if you are one such person waiting for the likes of Starling Bank or Metro Bank, I have the reason why they are not offering them yet but can give you an idea of when they will be doing so. […]

HSBC Eager to Offer Recovery Loans – But What are the Chances of Getting One?

I have been contacted by some of my army of followers on Twitter and beyond regarding their experiences of applying for a Recovery Loan with HSBC. So, as always, let me pass on that information to you so that you can make a well balanced decision as to just what your chances are of getting and what you will need to do to apply. […]

Lloyds Bank Turn from King of the Castle into the Dirty Rascal with Recovery Loans

Many people, myself included, had nothing but praise for the way Lloyds Bank handled their Bounce Back Loan facility, they had to break banking rules to fire them out the door rapidly, and took on the chin the slapping they got from the regulator for doing so, but sadly they have changed when it comes to Recovery Loans. […]

Clydesdale Bank Takes the “Easy” Option (for them) When it Comes to Offering Recovery Loans

Having had plenty of time to design their respective Recovery Loan facilities, a number of lenders have put a system in place that allows them (the lender) to take an easy option so to speak, and that is certainly the case with Clydesdale Bank. […]

Who Let Santander Cherry Pick Who to Offer Recovery Loans To?

The Recovery Loan Scheme descended into farce yesterday (the day it went live) in many ways, and I will of course be looking at those business loans in the days and week ahead. However, today I want to dedicate a little bit of time to the unbelievable way that Santander have chosen to offer those loans. […]