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

There are literally thousands of pages for you to work your way through, so please take your time, and I guarantee you will find whatever it is you want to know about your BBL. If you would prefer a chat, then feel free to give me a call on my BBL helpline.

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BBL Complaints and Outcomes

Barclays Telling a Business Owner to Change His Business Structure When Applying for an Account to Get a BBL Was Unfair But Forcing Him to Visit a Branch When No Appointments Were Available then Ultimately Changing Their Rules Resulting in Him Not Being Eligible for a BBL Anyway Was Permitted Says the Ombudsman

August 7, 2022

Believe it or not the Financial Ombudsman Survive are still working through Bounce Back Loan related complaints, and here is another one they have just upheld, which reveals the saga, nonsense, and inconvenience Barclays put a customer through, including them amending their rules so he couldn’t get a BBL anyway, which has resulted in compensation being awarded. […]

BBL Complaints and Outcomes

HSBC Review and Block Customers Account, Then Demand Repayment of Bounce Back Loan and Snatch a £10k Furlough Payment Meant for His Company’s Employees to Repay Overdraft and the BBL – Ombudsman Says They Can Keep the Furlough Money But Awards a Paltry £550 Compensation

August 6, 2022

I often wonder if Ombudsman working for the Financial Ombudsman Service have any real-life experience of running a business, for often they side with a bank on complaints they receive stating the terms and conditions hidden away allow them to pull all manner of stunts. Here is a case and its ruling that has just been given which lays out a story I hear day after day about HSBC and other banks that are part of the BBL scheme. […]

BBL Legal Advice
The Disqualification Files

Getting a Bounce Back Loan for Each of His Four Companies By Massively Over-Egging Turnover Then Leaving Them Unpaid at Insolvency Sees Company Director Hit with an 11 Year Disqualification

August 4, 2022

Two Yorkshire Bank, one HSBC Bank and a TSB Bounce Back Loan totalling £200,000 have all turned sour and been left unpaid at liquidation in today’s case, which, due to the reasons outlined, including massively over-estimating turnover, resulted in a Company Director who applied for all four of them for his four businesses and left them unpaid at liquidation getting an 11-year disqualification […]