Just a quick update on the Tide BBL Defaulter scam which saw their debt collectors adding fees and charges onto the debts owed by those in difficulty with their Bounce Back Loans.
I have just been contacted by one of their customers who was a victim of that scam, he informed me the debt collectors have now removed all of those fees and charges.
I asked the BBB for a comment…..
A British Business Bank spokesperson said:
“We routinely verify that lenders are acting within scheme rules and take appropriate remedial action if any breaches are found, including with respect to any borrower detriment.”
For the full insight into that scam, follow the link below.