Subscriber Special 3 – Mr Bounce Back – Bounce Back Loan News – Updates

Bank Gets Their Backside Kicked for Defaulting a Customers Bounce Back Loan with the Ombudsman Saying She COULD Estimate Her Turnover and There Were NO RULES on How to Estimate It and HOW DARE YOU Accuse Her of Fraud

May 12, 2023

Hurrah! Ben the Ombudsman has finally (it has taken him quite some time) seen sense on “estimated turnover” Please read the following, it is long but digest it all. Including this bit “And it is important to note that there was no guidance as to how to calculate the estimate – including on what might (or might not) constitute a reasonable forecast.” […]

Credit Reference Agencies Responses to My Request for Detailed Information on Why Bounce Back Loans Do Not Appear on Credit Files or Do Not Seemingly Appear on Credit Files

August 4, 2022

I have asked all Credit References for an explanation, as to why Bounce Back Loans do not seemingly appear on Credit Files, I will be updating this page with their responses as they come in, and so far, these are the responses that I have received. […]

The Letter You Can Expect If you Miss Your Bounce Back Loan Repayments With Conister Bank Just Before They Demand The Entire BBL Back and Put You Into Default

July 26, 2022

Here is the standard letter that Conister Bank will send out to everyone who misses their Bounce Back Loan repayments, be aware that three missed repayments are usually deemed to be the trigger for a demand for full repayment and a default letter. Read more on your options and how enforcement of the BBL debt is not usually forthcoming […]

The Letter Lloyds Bank will Send You If They Think You Have Blagged a Bounce Back Loan from Them

July 21, 2022

As lenders try and mop up the mess caused by them offering Bounce Back Loans, today I will show you the letter that Lloyds Bank send those they suspect of blagging a BBL from them which includes details of what happens next. […]

Expect Contact from Dresden Fairfax Solicitors if You Miss Your Starling Bank Bounce Back Loan Repayments and Go Into Default This is the Letter They Send

July 21, 2022

Many people are telling me Starling Bank are offering to consider putting into place a repayment plan if you fall behind with your BBL repayments, as they are obliged to do, here is what they require, and also the letter you can expect from their debt collector if Starling put you in default: […]

Barclays Using Credit Style Debt Collectors and Other Agencies to Chase Their Bounce Back Loan Recipients That Miss Payments and Go Into Default Take a Look at The Letter They Send Out

July 21, 2022

This quick guide will let you know what to expect along with a copy of the letter they tend to send out when you end up in arrears with your Bounce Back Loan and Barclays demand it back and default you. […]

Subscriber Special – A Glimpse Into How HSBC Designated Bounce Back Loan Debt Collectors “Moorcroft” Are Wording The Letters They Send Out When That Lender Puts You Into Default

July 21, 2022

I know many of you are waiting for the day when your Bounce Back Loan goes into default, and it is usually after 3 missed BBL repayments that the lender will send you out a demand for full repayment and then put you in default. […]

Banks Asking Some Bounce Back Loan Recipients to Verify Business Turnover and Advising Them They May Share Information Supplied on the Original Application with HMRC to Check If It Is All True and Valid

July 19, 2022

Here is a copy of a letter sent out to Barclays customers, but you can be assured all the other Bounce Back Loan lenders will be following the same route, if they have suspicions you over-egged your turnover to get a bigger BBL than you were eligible for. […]

Subscriber Special – Guide to Bounce Back Loan Related Account Reviews and Safeguarding – Odds-On They Will Ultimately Demand the BBL Back

July 16, 2022

Here is my guide for those of you who are experiencing an account review or safeguarding exercise with Santander or HSBC or for that matter any of the other Bounce Back Loan lenders. It will let you know what they are up to and what to expect. […]

This Is What a Standard Income/Outcome Form Looks Like Which Needs Filling In When To Show Your Lender You Cannot Afford to Repay Your Bounce Back Loan

June 3, 2022

Many of you have been asking me what the Income/Outcome form some Bounce Back Loan Lenders use to get you to prove you cannot afford to repay your BBL. look like, and what questions need filling in. With that in mind below you will see one such standard form. […]