Vulnerable BBL'ers Archives

You Should NOT Be Pursued for More Than 12 Months for the Recovery of an Unpaid Bounce Back Loan – Read and Watch the Official Statements / Comments from BEIS, the Financial Conduct Authority, and the National Audit Office

October 26, 2022

This will be of interest to anybody that has sadly defaulted on their Bounce Back Loan and will help you sleep well at night. Here are official comments and statements from Government Departments confirming that 12 months is the time limit chosen as the cut off point for any BBL Lender or their nominated debt collectors to try and pursue BBL recoveries. […]

Letter The FCA Have Sent to the Chairs of Several Lenders Telling Them to Stop Trying to Scam The BBL Scheme and to Stop the Abuse of SMEs and Those With a Bounce Back Loan

July 15, 2022

It is not only a number of applicants who scammed the Bounce Back Loan Scheme, for as the Financial Conduct Authority revealed just the other day, many lenders are pulling all kinds of stunts to keep their guarantees on those loans safe, mainly by treating SME customers unfairly and as such they are not abiding by the rules. […]

The Financial Conduct Authority Drops a MOAB On The Bounce Back Loan Scheme Revealing All Manner of Shady/Dodgy Goings-on With Lenders Behind the Scenes

July 12, 2022

What a surprise, having taken 100’s of calls already on my Fireside Chatline, and spoken to no end of people being treated appallingly by Bounce Back Loan Lenders and/or their third-party agents, the latter who seem equally as gormless/clueless in many instances as the bank staff, the FCA have just dropped a Mother of All Bombs on the already imploded BBL Scheme. […]