BBL Complaints and Outcomes

Ombudsman Decrees That HSBC Did Take Reasonable Steps to Make a Customer Aware a Bounce Back Loan Wasn’t Subject to the Usual Protections of the Consumer Credit Act Despite The FCA Saying Banks are Not Following the Rules on Protections That Are in Place Anyway

Here is a prime example of why the Bounce Back Loan Scheme is imploding, well it already has. This case is one in which the Financial Ombudsman Service says one thing, whilst the Financial Conduct Authority supplies proof of the opposite. […]

The Disqualification Files

Despite Being Able to Estimate His Business Turnover a Company Director Has Been Hit with an 8 Year Disqualification for Over-Estimating It When Applying for a Barclays Bounce Back Loan But He Did Use it for Personal Benefit

You are in for a slap if you overestimated your business turnover to get a Bounce Back Loan and used that BBL for personal benefit, then took the insolvency route with that loan still owing, and today’s case did see a Company Director get an 8-year ban for the reasons outlined. […]