Subscriber Special

Time for a quick update, as many people have been contacting me with updates as to what has happened to them when they have reached the end of the process of defaulting on a Bounce […]

In another unusual twist of the Bounce Back Loan Scheme sage, it has just been announced that Lord Agnew has joined a “Bounty Hunter” type firm that will go on the hunt for wayward Bounce Back Loans that Lenders should not have issued and/or haven’t been repaid. […]

I have just received the latest Bounce Back Loan performance data dump, and as we all suspected, it is somewhat shocking, or not, dependant on your point of view. Here are some facts and figures: […]

As we wait patiently for the next update data dump which will reveal just how many Bounce Back Loans are in arrears and just how many BBL guarantee claims have been put in by each […]

They have declined the appeal and upheld the Commissioner’s decision, that being NOT to publicly name everyone with a Bounce Back Loan. Common-sense has prevailed.. A very big heartfelt THANK YOU to the British Business […]

Sarah Munby Permanent Under-Secretary of State for the Department of Business, Energy and Industrial Strategy Confirms a New “Involuntary Liquidation” Pilot Scheme has been commissioned and is proving successful. […]

You may be aware that some people are receiving letters from their Bounce Back Loan Lender seeking clarification on the original turnover figures used to apply for their BBL. Here is Karl Reid, Head of Lending UK Commercial Banking, HSBC saying they are allowing those that they suspect over-egged their turnover to repay those loans as normal as long as they didn’t commit much more serious “fraud”. […]

Watch as Karl Reid, Head of Lending UK Commercial Banking, HSBC explains just how good/bad his banks Bounce Back Loan Book is performing on how they are handling arrears and defaults. I will leave it up to you as to whether he is telling the complete truth […]