The Reason Why You May Not Be Able to See Any Trace of Your Bounce Back Loan on Your Credit Files Even After Defaulting and May Still Be Able to Obtain Personal Credit Cards, Loans and Other Credit Facilities
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Watch Your Backs
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Corruption Commissioner
HMRC, Cabinet Office and the Department of Business and Trade Have Now Flagged Bounce Back Loan Recipients Whose Actual Turnover Didn’t Match Their BBL Application and/or LTD Companies Who Were Not Registered for VAT But Declared a BBL Turnover Figure That Required VAT Registration