Updated Resources and Support for Bounce Back Loan Borrowers Facing Arrears or Imminent Default
Special Reports
Metro Bank Customer Claims Bank Failed to Process Cheques for Bounce Back Loan Payments While Abroad, Leading to Default, Ombudsman Rejects Complaint
A Metro Bank customer’s company was defaulted on its Bounce Back Loan after the bank failed to process repayment cheques sent from abroad. The Ombudsman sides with the bank, dismissing the complaint. […]
Special Reports
Struggling to Repay Your Company’s Bounce Back Loan and Having to do so Personally and Considering Liquidation? Here’s What to Know
If you’re using personal funds to repay your company’s Bounce Back Loan and eyeing liquidation, get clarity on the process and ease your worries. […]
Special Reports
Financial Ombudsman Rules Lloyds Bank Provided a Customer an Unaffordable Business Overdraft, But Finds No Fault in Their Approval of a Bounce Back Loan Three Times Larger 12 Months Later, Citing the Flawed Design of the BBL Scheme
The Ombudsman faults Lloyds for an unaffordable overdraft but clears their larger Bounce Back Loan approval, blaming the scheme’s flawed design. […]