Todays News

Please sit back and have a good look through this section of the website as it lists, in order, starting with the most recent then working backwards, each and every news story and article related to Bounce Back Loans that has been loaded up onto the website

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Co-Directors Slapped with a 10 Year and 7 Year Disqualification for Applying for and Getting a £50k HSBC Bounce Back Loan When Their Company Was Dormant

September 2, 2022

Here are the details of a £50k HSBC Bounce Back Loan that has not been repaid and the punishment handed out to the Co-Directors who blagged their way to getting that loan. […]

Three Sole Traders Hit with Bankruptcy Restriction Orders for Bounce Back Loan Wrongdoing Such as Using Those Loans For Personal Benefit Including One Who Splashed Out on a New Car and Over-Egging Turnover

September 1, 2022

Here is the latest rollcall of three Sole Traders who have been found to have committed some form of wrongdoing with their Bounce Back Loans and have been given Bankruptcy Restriction Orders (BRU’s) as punishment. […]

Having Lied to a Customer and Repeatedly Denied His Company an Account and Therefore a Bounce Back Loan Due to Their Errors the Ombudsman Awards £500 Compensation Saying She Can’t Award More as a Ltd Company Cannot Be Caused “Distress” Due to HSBC’s Idiocy

August 31, 2022

Another case to present to you in which a Bounce Back Loan lender, no surprise in guessing its HSBC lies and is proven to have done so, and the Financial Ombudsman Service offers a pathetic amount of cash as compensation. […]

HSBC’s Pathetic “Safeguarding Reviews” Leaves a Sole Trader No Choice But to Fold His Business After They Locked His Account and Refused Him a Bounce Back Loan Too, He Complains Demanding £800,000 the Ombudsman Say HSBC Acted Unfairly and He Can Have an Equally Pathetic £150

August 31, 2022

Having heard from lots of people experiencing the “safeguarding reviews” HSBC force upon their customers including those with Bounce Back Loans, this case that has just been upheld by the Financial Ombudsman Service (FOS) is a shocking insight into that failed account review procedure and is a warning to those of you who do get one forced upon you, and the toothless numpties at the FOS who think £150 is suitable compensation. […]

Over-Egging Turnover and Admitting to Spending Her £45k Barclays Bounce Back Loan on Home Renovations Sees a 10 Year Disqualification Handed Out to a Company Director

August 31, 2022

Having a turnover of £29,113 but claiming it was £180,000 then using a Bounce Back Loan for home maintenance and leaving it unpaid at the liquidation of her Company, resulted in the Director named in this case getting a 10-year disqualification. […]