This case highlights what happens when a business owner blags two BBLs for their one single business then takes the insolvency route. Shockingly the second BBL was approved AFTER the database was in place for banks to check if any BBL applications were duplicates. […]
As the audits continue of the Bounce Back Loan scheme, and the men and women armed with calculators try and work out just how much fraud has gone on in that loan scheme, and whilst banks and the Government try and work out what fraud is in the first place, some interesting facts and stats are coming to light. […]
It was an open secret that some people bought an “off the shelf” Company with the aim of using it to bag a Bounce Back Loan, in fact, at the time of the BBL scheme being open to applications many people were outrageously advertising them for sale online for that purpose, but with a hugely increased purchase price. As for what is going to happen to those people […]
It is always good to see Government departments dragged in and grilled for telling big wobbly lies, and that is what Sarah Munby from BEIS was forced to experience yesterday in front of the Public Accounts Committee, and she revealed how easy it is for a Bounce Back Loan lender to claim on the guarantee for a BBL that a borrower cannot repay. In a previous appearance […]
Well, after over 7 months of being treated like a bag of old sh*t by Government Departments and a certain bank, I am letting you know that all traces of my Bounce Back Loan have vanished and it has been written off. Before I start, once again, I wish to thank my website subscribers whose support has helped me survive my nightmare journey, and my hope now is those unable to repay their BBL or put into a position in which they cannot repay have their BBLs written off too. As you will […]
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