BBL Complaints and Outcomes

Clydesdale Bank (Virgin Money) Customer Complains the Bank Lent to Her Irresponsibly by Increasing Her Credit Card Limit and Didn’t Take Into Account Her Sole Trader BBL – Ombudsman Confirms a BBL Doesn’t Show on a Personal Credit File But Does Uphold Her Complaint

As you will know, a Bounce Back Loan for Sole Traders doesn’t show on a personal credit file, it shows on a separate credit file which is your trading as T/A name credit file which its fair to say no one usually knows exists and no one usually ever sees. […]

The Disqualification Files

Verginica Ion, Director of Real Textile Limited Slapped with a 12 Year Ban After One Bank Couldn’t be Bothered to Check the BBL Duplicate Database (7 Months After It Was Set Up), and Allowed Her to Blag a Second £50,000 Bounce Back Loan for Her Company

That BBL duplicate database was set up around six weeks after the launch of the BBL scheme to stop situations like this one to arise, however as you will see, a failure and stubbornness by one Lender led to Ion being able to blag a second BBL. […]