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Overview of My Most Recent Chat to the National Audit Office Regarding the Stunts and Tricks That Banks Have Been Pulling on Their Customers Regarding Bounce Back Loans

August 11, 2021

As you may be aware, the National Audit Office are currently performing a second investigation into the Bounce Back Loan scheme, and much like I did on the first one, I spent the afternoon yesterday chatting to them and alerting them of the way some BBL customers […]

Now It’s the Turn of Lloyds Bank to Start Messing About Their Bounce Back Loan Business Customers Blocking Debit Cards and Cancelling Direct Debits Forcing You to Speak to Them

August 9, 2021

Many verified reports coming in about Lloyds Bank blocking debit cards and cancelling Direct Debits if low and behold you miss a Bounce Back Loan repayment, it appears they are doing this to force you to speak to their team. This explains why most SMEs worried about the future are moving every penny out of their business accounts […]

Accredited Government Backed Loan Lenders Realising Without a Write Off or Major Changes to the BBL Scheme Up to 75% Will Default – The Boss of One Such Lender Steps Forward and States Such

August 9, 2021

The benefit of me having direct contact with such a large network of SMEs that have taken out Bounce Back Loans, is that I know what they are going through, their worries and what they are faced with, and now the boss of one accredited Government backed loan lender has come forth and stated, as is obvious and something we all deep down know already, without changes to each of the loan schemes a much higher number of loans will be defaulted on than is currently being suggested. That lender is […]

Further to My Report on Conister Keeping Quiet About PAYG Options, Surprise Surprise, After That Kick up the Arse They Have Started Sending Out Letters to Customers Offering Them

August 8, 2021

You certainly do have to keep hounding banks when it comes to the PAYG Options on a Bounce Back Loan, further to my report last week, surprise surprise they are now sending out letters to their BBL recipients letting them know the options available and giving them a direct email address to contact, below is one of those letters, as I know many of you were getting worried about the PAYG options with that bank, and yes, as expected it is a manual process. […]

Early Stats and Facts Regarding Bounce Back Loans Repaid, Defaults and Kicking the Repayment Can Down the Road. Let’s Do Some Fact Checking

August 6, 2021

Several newspapers are reporting some early figures regarding Bounce Back Loans, so today I have chosen to compare them to what thousands of people with one or more of those loans are telling me so we can work out what is true and what is just a wild guesstimate and do some good old fashion fact checking. […]