Premium Content Archives

Whilst We Wait for September to Discover How Many Recovery Loans Have Been Approved, I can Reveal 93,384 People That Applied for a Start Up Loan Have Been Declined

August 16, 2021

I recently asked the British Business Bank how many Recovery Loans had been approved, they replied saying it would be in September when they reveal those figures, but hinted, as we all know, approvals are not huge in number. However, they have supplied me with some figures relating to Start-Up Loans which show 93,384 applications have been declined and […]

HSBC Cancel Imaginary Credit Cards and Threaten Some of Those They May Be Snatching Back BBLs from With the Police If They Use or Abuse the Imaginary Overdrafts and Imaginary Accounts They Don’t Have and Never Have Had – WTF? I Know, You Couldn’t Make It Up

August 15, 2021

Sometimes I believe the Bounce Back Loan scheme is all a bad dream and everyone experiencing problems (or not) with that scheme will wake up and realise it was indeed a nightmare. Today you will discover the latest nonsense from one of the accredited lenders of that scheme famed for their idiocy, that being HSBC, take a look at this letter […]

HSBC Performing U-Turns on Bounce Back Loan Snatch-Backs and are Offering Some of Those They Demanded Return Their Loans the Same Repayment Terms

August 14, 2021

It appears HSBC are realising they made so many cock-ups during the Bounce Back Loan scheme they need to take it on the chin, and in fact they are doing just that. One customer of theirs who had been sent out a snatch-back letter earlier this year has just been told they can keep the loan and on the same repayment terms. However, in an added twist, the Financial Ombudsman decided they were right to demand repayment. […]

For Those of You Wondering, the PAYG Options on a BBL are Not “Use Them or Lose Them” You Can Access Them at Any Time, Well Most Can Some People are Still Facing Problems Doing So

August 13, 2021

The Bounce Back Loan scheme rumbles on, with the next saga for many people with one of those loans being taking the PAYG options or working out how the hell they are going to pay them back. […]

Will Taking the PAYG Options on a Bounce Back Loan Affect Your Credit Rating and Stop You Getting Additional Business Finance?

August 13, 2021

There was a lot of confusion in the early days of Pay as You Grow regarding the differences between the impact on somebody’s credit rating and their credit worthiness, for clearly if you fail to make one of your payments on a Bounce Back Loan that would impact on your credit rating. […]