News Ticker

[ July 3, 2022 ] Sole Trader Applied for a Feeder Account in July 2020 with HSBC By the Day of the Scheme Ending March 31st, 2021, They Hadn’t Processed It So He Missed Out – Ombudsman Awards Him £500 Compensation As He Says Having Looked At His Tax Return, He Didn’t Qualify for a £50k BBL Anyway BBL Complaints and Outcomes
[ July 3, 2022 ] HSBC Declined a Customers BBL Application He Then Submits a Second But Amended One They Toss It Aside Without Reviewing It Thinking it Was a Duplicate – Ombudsman Says He Can Have £100 Compensation For the Bank Says They Would Have Declined the Second One If They Had Properly Assessed It Anyway BBL Complaints and Outcomes
[ July 2, 2022 ] Five More Sole Traders and One Individual Hit With Bankruptcy Restrictions Orders For Bounce Back Loan Wrongdoing Including One Who Blew His Playing the Lottery and One Who Wasn’t a Sole Trader at All The Disqualification Files
[ July 1, 2022 ] Man Applies for a Standard Business Loan But Gets Given a CBILs by Mistake the Bank Fixes the Error and He Then Gets a BBL But Liquidator Complains the Bank Made Him Overstate His Turnover – Ombudsman Says Tough It’s His Fault the Company Got a Bigger BBL Than It Was Entitled To – No Word On Whether Lord Agnew is Chasing Him Down the Street Shouting “Fraud” at Him BBL Complaints and Outcomes
[ July 1, 2022 ] 6 Year Disqualification for Business Owner Who Claimed Accounting Records for His Business “Got Lost” Leaving Liquidator Unable to Discover Where Among Other Things an HSBC £17,225 Bounce Back Loan Went The Disqualification Files
[ June 30, 2022 ] Why Are Bounce Back Loans, and Even Missed BBL Repayments and Defaults of BBL’s Not Appearing on Credit Files? Todays News
[ June 29, 2022 ] A 5 Year and 6 Year Disqualification Handed Out to Two Company Directors Who Left a Lloyds Bank and Metro Bank Bounce Back Loan Owing at Liquidation and Using The Funds from Those Loans for Personal Benefit The Disqualification Files
[ June 27, 2022 ] Another Person Banged Up for Abusing the Bounce Back Loan Scheme Todays News
[ June 26, 2022 ] Now Live – My Fireside Chat with the British Business Bank and UK Finance Fireside Chat
[ June 26, 2022 ] Mr Bounce Back “Fireside Chatline” Need Someone to Talk to? Give Me a Call Helpline
[ June 25, 2022 ] Today’s Roll Call of Five Bounce Back Loans That Have Turned Bad and the “Punishment” Handed Out to Recipients of Those Loans The Disqualification Files
[ June 24, 2022 ] RBS Declined a BBL Application Three Times Starting in May 2020 After Complaining to Her MP the Bank Approves Fourth Application Fast Forward 2 Years Later Ombudsman Finally Awards Increased Compensation BBL Complaints and Outcomes
[ June 22, 2022 ] Insight Into My Visit to the British Business Bank and an Overview of My Upcoming Fireside Chat With Them and My New Service to Help Any of You Who Just Need a Chat Todays News
[ June 22, 2022 ] Another Eight Bounce Back Loans Valued at £331,500 Go Bad With One Sole Trader Blagging Three BBLs Worth £124,500 When Only Eligible for One – Turns Out He Over-Egged His Turnover and Did Not Use the Funds to Help His Business The Disqualification Files
[ June 20, 2022 ] Despite Travel Chaos I Will be Filming My Latest Fireside Chat on Tuesday With the British Business Bank Todays News

July 3, 2022

Gobsmacking Case in Which an HSBC Customer Felt Ripped Off When a Branch Manager From That Bank Invested Funds from His Bounce Back Loan in Cryptocurrency and Won’t Give Him the Money Back – Ombudsman Decides Its Not the Banks Fault!

May 31, 2022 BBL Complaints and Outcomes, Todays News

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Just have a read of the following case, it will show you, if nothing else, just what strange things happened regarding the Bounce Back Loan scheme. Please do not choke on your coffee when reading it.

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