News Ticker
  • [ October 17, 2021 ] A British Business Bank Survey and My Polls Reveal Rishi “Show me the Data” Sunak Needs to Wake Up and Smell the Coffee and Make Some Changes to the BBL Scheme in His Autumn Budget – Here is That Data Rishi Todays News
  • [ October 16, 2021 ] Using Funds from a Bounce Back Loan for Crypto Trading Lands Sole Trader with a Six Year Bankruptcy Restrictions Order Premium Content
  • [ October 15, 2021 ] Two Recent Financial Ombudsman Service Determinations Regarding a Royal Bank of Scotland and a Bank of Scotland BBL Related Complaint – They Find Errors Were Made by The Banks But Do Not Uphold Complaints BBL Complaints and Outcomes
  • [ October 14, 2021 ] Questions Put to The Government Since August 2021 and the Official Responses Regarding Bounce Back Loans – Including a Proposal for Another 12 Month Delay on Repayments Todays News
  • [ October 13, 2021 ] Three Company Directors Hit With 6 Year Disqualifications When Winding Up Their Companies for Using Funds From 2 Santander BBLs Worth £23k and £29k and a Lloyds Bank BBL Worth £25k For Personal Benefit Premium Content
  • [ October 12, 2021 ] Company Director Gets a 9 Year Disqualification Upon Winding Up Business for Obtaining a Starling Bank BBL Worth £25k and a £25k Top Up When It is Revealed His Turnover for 2019 Was Zero and He Used BBL Funds for Personal Benefit Premium Content
  • [ October 11, 2021 ] Traffic Commissioner Calls a Public Inquiry and Subsequently Revokes Hauliers Operating Licence After Deciding Among Other Things the Business Owner Was Not Eligible for a BBL Some of Which Was Spent on Shoes, Food and Taxing His Car Premium Content
  • [ October 10, 2021 ] World Mental Health Day – If You Were Forced, Coerced or Needed to Take Out a Bounce Back Loan Spend Some Time Today Making Sure That Loan Is Not Causing Your Mental Health to Suffer For It May Just Be Todays News
  • [ October 9, 2021 ] Got One or More Bounce Back Loan(s) for Your Business(es)? Then Make a Data Subject Access Request with Cifas to See if Any Lender in That Scheme Has Given You a Fraud Marker Todays News
  • [ October 8, 2021 ] Over-Egged Turnover, Claiming Business Was Not in Difficulty When Applying for a Barclays BBL When it Was and Using the BBL for Personal Benefit Lands Company Director with a 9 Year Disqualification Premium Content
  • [ October 6, 2021 ] Breaking News – Financial Ombudsman Service Sound the Alarm Bell and are in a Mad Panic to Employ More Staff to Handle the Expected Avalanche of Additional Bounce Back Loan Scheme Complaints Premium Content
  • [ October 6, 2021 ] Another Example of the Financial Ombudsman Unable to Intervene When a Bank Blocks an Account and Snatches Back a Bounce Back Loan But Fails to Explain Why Premium Content
  • [ October 5, 2021 ] Insolvency Service Hands Out Another 6 Year Disqualification to Company Director For Using Most of a £42k Barclays Bounce Back Loan For Personal Benefit Premium Content
  • [ October 4, 2021 ] Ombudsman Feels £300 is Fair For Delays Endured by HSBC Customer Applying for a CBILS Who Ended Up with a Bounce Back Loan BBL Complaints and Outcomes
  • [ October 3, 2021 ] Simple Loophole Ensures Banks Can Block Your Bank Account and Snatch Back any Funds Including Bounce Back Loan Funds in That Account at Any Time and the Financial Ombudsman Will Shrug Their Shoulders Premium Content
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October 17, 2021
HomeOther UpdatesWARNING – Some Banks Appear to Be Taking Full Monthly BBL Repayment Amounts Out Of Customers Accounts When They Have Taken One of the PAYG Options

WARNING – Some Banks Appear to Be Taking Full Monthly BBL Repayment Amounts Out Of Customers Accounts When They Have Taken One of the PAYG Options

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Very Early Indications Are That Some Bounce Back Loans Have Been Paid Back in Full, PAYG Options Are Being Utilized by Many and Defaults Are Beginning to Appear

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Premium Content

  • A British Business Bank Survey and My Polls Reveal Rishi “Show me the Data” Sunak Needs to Wake Up and Smell the Coffee and Make Some Changes to the BBL Scheme in His Autumn Budget – Here is That Data Rishi
  • Using Funds from a Bounce Back Loan for Crypto Trading Lands Sole Trader with a Six Year Bankruptcy Restrictions Order
  • Two Recent Financial Ombudsman Service Determinations Regarding a Royal Bank of Scotland and a Bank of Scotland BBL Related Complaint – They Find Errors Were Made by The Banks But Do Not Uphold Complaints
  • Questions Put to The Government Since August 2021 and the Official Responses Regarding Bounce Back Loans – Including a Proposal for Another 12 Month Delay on Repayments
  • Three Company Directors Hit With 6 Year Disqualifications When Winding Up Their Companies for Using Funds From 2 Santander BBLs Worth £23k and £29k and a Lloyds Bank BBL Worth £25k For Personal Benefit
  • Company Director Gets a 9 Year Disqualification Upon Winding Up Business for Obtaining a Starling Bank BBL Worth £25k and a £25k Top Up When It is Revealed His Turnover for 2019 Was Zero and He Used BBL Funds for Personal Benefit
  • Traffic Commissioner Calls a Public Inquiry and Subsequently Revokes Hauliers Operating Licence After Deciding Among Other Things the Business Owner Was Not Eligible for a BBL Some of Which Was Spent on Shoes, Food and Taxing His Car
  • World Mental Health Day – If You Were Forced, Coerced or Needed to Take Out a Bounce Back Loan Spend Some Time Today Making Sure That Loan Is Not Causing Your Mental Health to Suffer For It May Just Be
  • Got One or More Bounce Back Loan(s) for Your Business(es)? Then Make a Data Subject Access Request with Cifas to See if Any Lender in That Scheme Has Given You a Fraud Marker
  • Over-Egged Turnover, Claiming Business Was Not in Difficulty When Applying for a Barclays BBL When it Was and Using the BBL for Personal Benefit Lands Company Director with a 9 Year Disqualification
  • Breaking News – Financial Ombudsman Service Sound the Alarm Bell and are in a Mad Panic to Employ More Staff to Handle the Expected Avalanche of Additional Bounce Back Loan Scheme Complaints
  • Another Example of the Financial Ombudsman Unable to Intervene When a Bank Blocks an Account and Snatches Back a Bounce Back Loan But Fails to Explain Why
  • Insolvency Service Hands Out Another 6 Year Disqualification to Company Director For Using Most of a £42k Barclays Bounce Back Loan For Personal Benefit
  • Ombudsman Feels £300 is Fair For Delays Endured by HSBC Customer Applying for a CBILS Who Ended Up with a Bounce Back Loan
  • Simple Loophole Ensures Banks Can Block Your Bank Account and Snatch Back any Funds Including Bounce Back Loan Funds in That Account at Any Time and the Financial Ombudsman Will Shrug Their Shoulders
  • 5 Year BRO for Indian Takeaway Owner Who Transferred a £50k BBL to a Family Member for No Apparent Reason – 8 Year BRO For Man Who Secured a £50K BBL for a Partnership That Had Ceased Treading Before the BBL Scheme Launched – Co-Directors Hit with a 7 Year Disqualification
  • British Business Bank Fail to Reveal Just How Many Recovery Loans Have Been Approved – Even When They Were Out Cavorting with Finance Brokers in Birmingham Yesterday BBC’s Naga Munchetty Couldn’t Get Them to Reveal the Figures Either
  • 7 Year Disqualification for failing to Maintain and/or Preserve Accounting Records Making it Impossible For the Insolvency Service to Verify if a Grant and Lloyds Bank BBL Were Used for Benefit of Company or if Turnover Was High Enough to Warrant a £20k BBL
  • Insolvency Service Unable to Determine if a Starling Bank BBL Was Obtained Legitimately and Why Company Was Not Registered for VAT Given Director Applied for a £50K BBL Requiring a Minimum £200k Turnover – Upshot 7 Year Disqualification
  • Company Director Used a Lloyd’s Bank Bounce Back Loan to “Sustain Daily Living Costs” and Insolvency Service Disqualify Him for 6 Years Upon Liquidation of the Company
  • My Misconduct in Public Office Complaints Against Rishi Sunak and Alok Sharma and 20 Members of the House of Lords the Outcome
  • Company Director Applied for a Bounce Back Loan Top Up and Made Payments Benefiting Himself When He Should Have Known His Business Was Insolvent and Gets Hit With a 6 Year Disqualification
  • Having Received an Unreserved Apology from HM Treasury, I Have Submitted My Claim for Compensation Due to Their Maladministration of the Bounce Back Loan Scheme Here is An Overview of that Claim
  • Office of the Parliamentary Commissioner for Standards Bat Off My Misconduct Complaint About Rishi Sunak, Alok Sharma and Sam Beckett and Advise Only Boris Johnson Can Deal With It So It’s Now Been Delivered to Him
  • 11 Year Disqualification for Company Director Who Obtained Two Bounce Back Loans for His One Single Company Didn’t Schedule the Second Loan as a Liability in the Signed Statement of Affairs at Liquidation and Used Funds For Personal Benefit
  • Financial Ombudsman Feels £150 is Fair Compensation for a Barclays Customer Who Experienced a Saga When Applying for a Business Account and Bounce Back Loan
  • Insolvency Service Hits Company Director With a 6 Year Disqualification for Being Both Insolvent When Applying for a £15k BBL and Using £14,980 for Personal Benefit and Not the Benefit of the Business
  • Director Over-Egged Turnover to Obtain a £50k BBL, Moved Funds to a Different Bank Account to Ringfence Them and Didn’t Disclose BBL at Liquidation – Upshot Is a 7 Year Disqualification
  • Lack of Records/Accounts Meant Liquidator Unable to Ascertain Whether a Bounce Back Loan Was Validly Obtained and Whether Those Funds Were Used for Benefit of a Business – Director Hit With 8 Year Disqualification
  • HSBC Snatches Back a £50k BBL, Closes Customers Account, Drags Feet Sending Them £54k Cheque for Remaining Funds, Customer Unable to Open Another Account and Cash Cheque – Ombudsman Happy and Says That Is Fair
  • I Have Received an Unreserved Apology for an Error Made by Government Lawyers Surrounding the Bounce Back Loan Scheme. Having Suffered Direct and Indirect Financial Loss I Am Now Seeking Compensation as Per (PSHO) Published Principles for Remedy
  • Having Warned of the Dire Consequences of Naming Future Fund Recipients the British Business Bank Go Ahead and Do Just That. What Next, Forehead Tattoos for BBL Recipients?
  • Barclays Lock BBL Customer Out of Their Account in Aug 2020 for an “Account Review” and Finally Completes It and Unlock Account in Dec 2020 – Financial Ombudsman Does Not Uphold Complaint and Thinks That Is Fair!
  • Financial Ombudsman Rules Barclays Were Acting Correctly When They Snatched Back £36k of a £50k BBL That One of Their Customers Had Left in Their Business Account – One of Many Snatchback Complaints Going Through the System
  • Lack of Business Due to Lockdown and Mounting Debt Forced the Hand of a Company Director Who Applied for a £25k Santander BBL Which Was Then Used to Repay Personal Loans, the Upshot of Which Was a 6 Year Disqualification

Mp’s Put SME’s at Risk

  • MPs Squabbling in the House of Commons Over the Sordid Greensill Affair Leaves SMEs Fearful for Their Personal Safety

Another Scandal

  • Urgent Warning Recovery Loan Applicants – HM Government Scheme Designed to Farm You Off to High Interest Rate Lenders When Declined

Worried About Repayments?

  • Worried About Bounce Back Loan Repayments? Come Over here Let’s Chat

MPS WALL OF SHAME

  • MP’s Wall of Shame or Wall of Fame – List of MP’s Who Can Urgently Address the Bank Referral Scheme (Government Approved “Loan Sharks”)

Bounce Back Loan News Updates

  • Cut Off Day Announced for Lenders to Process Bounce Back Loans Still in Their Systems
National Audit Office
  • National Audit Office Investigation into the Bounce Back Loan Scheme
  • My Input Into the National Audit Office Investigation into the BBL Scheme
  • I’ve Offered My Input Into the NAO Bounce Back Loan Investigation
Random Success Stories
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Random BBL News Stories
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  • Special Investigation – Being Accused of Having More than One Bounce Back Loan for the Same Business?

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