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Recovery Loan Lender Goes Quiet When Challenged on Their Ability to Approve Those Declined by the Big Banks – Why Not Give Them a Try If You Have Been Declined and See If They Deliver

September 1, 2021

My attention was drawn yesterday to one Recovery Loan lender that follows me on Twitter and claims on their website that they can support your business even if “your application to RLS has been rejected by a traditional high street lender (for example, a bank)”, have I found the Holy Grail of RLS lenders or is it […]

Rating and Directors Disqualification Bill – Report Stage: Sitting 9 September 2021 – Plugging the Legal Loophole to Stop Company Directors Evading their Responsibility to Repay Bounce Back Loans

August 31, 2021

It is on the 9th of September that the Rating (Coronavirus) and Directors Disqualification (Dissolved Companies) Bill reaches its Reporting Stage in the House of Commons, and the policy objective is to plug the legal loophole that exists in the […]

If You Have a Bounce Back Loan Off the Cooperative Bank You Cannot Borrow Money from Anyone Else Unless They Say You Can in Writing, In Fact Any BBL Lender Can Do Anything a Court Would Deem Unfair

August 29, 2021

I have previously told you how committing a crime such as dropping litter could be classed as an Event of Default with Starling Bank, well I am sure many of you are unaware that Cooperative Banks’ BBL terms state only they can lend you money whilst you have a BBL unless they give permission in writing. Anything a court would deem unfair is legally permitted. […]

Over £4000 of a Bounce Back Loan Written Off As An Act Of Forbearance – Is This Offer to a Borrower Who Has Missed a Few Repayments All It Seems?

August 28, 2021

You may have heard the word “Forbearance” being bandied about regarding Bounce Back Loans, and many MPs are using that word when calling for lenders that are part of that scheme to go an extra step to help those struggling to repay their loans. […]

Just What Legal Rights Did You Sign Away When Applying for a Bounce Back Loan? Over 90% of People I Asked Didn’t Know They Had – Basis of the Legal Action I Am Taking This Week

August 23, 2021

This week I will be taking legal action regarding the Bounce Back Loan scheme, obviously I will not reveal the route I am taking just yet. However, it will encompass the fact that those wanting a BBL had to sign away their legal rights to get one of those loans. In this article a Member of the House of Lords will let you know just what rights you signed away when applying for a BBL as many people are unaware that they had. […]

HSBC Admit “Failed Safeguard Review” Letters Being Sent Out in Error – Undertrained and Overworked Staff Speak Out and Accuse HSBC Boss Amanda Murphy of “Talking Through Her Arse”

August 20, 2021

I have now received confirmation that HSBC have been sending out failed Safeguard Review letters in error and more staff come forward to say they are overworked and undertrained. But we all know HSBC is not a bank that values customers so no surprise to discover that their staff are complaining of feeling neglected too. […]

The Lunatics Running the HM Revenue & Customs Asylum Release an Urgent Update to Confused SMEs Regarding Their SEISS Payments and Their Self-Assessments

August 19, 2021

HMRC sneaked out an update yesterday informing those who have already submitted their 20/21 Self-Assessment that they need to check it if they claimed an SEISS grant before 6th of April, as HMRC may have adjusted that return. […]

Government Announces 2024 Will Be When Those Coming Out of “Breathing Space” Can Take a Statutory Debt Repayment Plan to Stop Further Interest, Charges and Enforcement Action

August 19, 2021

MPs returned to the House of Commons yesterday to discuss the unfolding situation in Afghanistan, however an update on the Gov website reveals it will be 2024 when a change to the Debt Respite Scheme will be coming into play which will offer an alternative solution to people worried about having to go bankrupt to get rid of debts they cannot afford to service. […]

Well Documented HSBC “Safeguard Review” Problems Now Affecting People with BBLs an HSBC Insider Explains What You Should Do If They Are Threatening to Close Your Account or Worse

August 17, 2021

I am now getting reports from HSBC BBL recipients that they are receiving letters telling them their accounts and facilities with that bank are at risk of being closed, or are being closed, if they […]

British Business Bank Freedom of Information Requests Data Dump – The Much More “Mundane” Ones With One or Two That Reveal Some Interesting Facts and Figures

August 16, 2021

In this section of the website you will find the much more mundane Freedom of Information Requests and replies that the British Business Bank have received/sent out recently. As always, I have converted the PDF files into image files to make reading/saving them easier. The much more “juicer ones” can be found in the sections of the website listed. Enjoy. […]