Banks and BBLs

How Barclays Compensated One Customer for Locking Their Accounts and Refusing to Give Them Access to Their Bounce Back Loan for Three Months

I think those of you that were messed about by Barclays when it came to applying for a Bounce Back Loan would agree, some of their staff are not the brightest of people. In fact, having seen the way some of their employees invented non-existent rules when declining BBLs I would agree with you. Today, I will look at one customer and how Barclays decided to work out their compensation for having locked their accounts and access to their BBL for 3 months. […]

Banks and BBLs

Revealed – The Likelihood of Each Accredited Bounce Bank Loan Lender Experiencing Defaults and/or Uncovering Fraud with Their Respective BBL Customers

I am repeatedly being asked what I feel is the likelihood of each of the Bounce Back Loan accredited lenders experiencing defaults with those loans, and the chances of them uncovering fraud committed by those they gave out those loans to, so today I will give you an insight into that based on cold hard facts. […]

British Business Bank

Grubby Ex-Shadow Chancellor Now CEO of a Debt Collectors Association Openly Tells Lenders the Government and British Business Bank to Stick to a Hard-line Approach with SMEs on Repayment of BBLs

Sadly, with all the sleaze swirling around the Covid Loan Schemes, it is no surprise to hear an Ex-Shadow Chancellor of the Exchequer who, part way through the Bounce Back Loan Scheme, became the CEO of a “Debt Collectors Association” urging the Government, Lenders, and the British Business Bank to stick to a hard-line approach to those who received one of those loans. […]