Even now, the Financial Ombudsman Service is still determining outcomes of complaints related to the Bounce Back Loan Scheme over a year after that scheme closed to new applicants, and here is a case that they have just made a decision on. […]
The number of business owners who were approved for a Bounce Back Loan but then had them snatched back is high, and todays Ombudsman case looks at what the Financial Ombudsman Service often says when someone complains about such actions by a bank. […]
Being one of only a tiny number of banks in the Bounce Back Loan scheme that were accepting new customers, many people did flock to HSBC to try and open an account and then apply for a BBL. This Ombudsman case, which they did not uphold, revolves around a declined account application. […]
Looking at the way banks and the powers that be are screaming “fraud” when someone over-egged their turnover figure to get a Bounce Back Loan, why they are not doing so when someone under-stated it or even let them correct that figure is anyone’s guess, which is what today’s case revolves around. […]
Applying for a high valued Bounce Back Loan and being told by a bank you cannot have that loan but a much smaller one instead, is what this complaint revolves around, ultimately, as you will see, the Ombudsman sides with bank, that being Santander. […]
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