Delaying Bounce Back Loan Defaults: PAYG Option Uptake, Arrears Statistics, and Total Number of Loans in Default
Special Reports
Struggling Bounce Back Loan Borrowers Use AI to Craft Effective Forbearance Request Letters
Borrowers unable to repay Bounce Back Loans are using AI to create compelling forbearance letters that consistently prompt lender responses—read one now! […]
Special Reports
The Financial Conduct Authority Drops a MOAB On The Bounce Back Loan Scheme Revealing All Manner of Shady/Dodgy Goings-on With Lenders Behind the Scenes
What a surprise, having taken 100’s of calls already on my Fireside Chatline, and spoken to no end of people being treated appallingly by Bounce Back Loan Lenders and/or their third-party agents, the latter who seem equally as gormless/clueless in many instances as the bank staff, the FCA have just dropped a Mother of All Bombs on the already imploded BBL Scheme. […]
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. […]