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. […]
As promised to my subscribers, this is where I will be putting my hourly updates on the launch of the Recovery Loan Scheme. Trying to keep track of the scheme on Social Media will be a nightmare, as too will trying to contact a bank for updates, it was on day one of the BBL scheme, hence these updates. […]
I spent the weekend phoning some of my contacts at several banks to try and get any snippets of information that would help people plan for the upcoming launch of the Recovery Loan scheme. One common trend in those calls […]
“The Board also discussed the conduct-related risk that borrowers (BBL) sign away rights under the Consumer Credit Act and may then later claim they were vulnerable and so cannot be held accountable for doing so.” […]
I am currently monitoring a rather large number of Bounce Back Loan complaints that are in with the Financial Ombudsman, however one thing you are going to have to accept if you do complain is that they are backlogged, so do not expect a speedy resolution. […]
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