Barclays Cancels BBL After Review, Seizes Account Funds for Repayment, and Ombudsman Upholds Their Actions
BBL Blaggers
11-Year Ban for Triple £50k Bounce Back Loan Fraud
A director’s rampant wrongdoing across three businesses, leaving £150,000 in Barclays Bounce Back Loans unpaid, led to an 11-year ban. Delve into this multi-loan scandal. […]
BBL Complaints Upheld
HSBC Ordered to Pay £150 for Cancelling Bounce Back Loan Application, Ombudsman Upholds Complaint
HSBC cancelled a Bounce Back Loan application after two years, causing delays. The Ombudsman upheld the complaint, affirming the bank’s £150 compensation as fair. […]
Forced Liquidation
Starling Bank Targets Companies with High Court Winding-Up Orders, Joining Barclays and Aggressive BBL Recovery Efforts
Starling Bank is escalating its pursuit of companies suspected of Bounce Back Loan (BBL) misuse, filing High Court winding-up orders alongside Barclays and third-party “BBL bounty hunters.” This aggressive crackdown signals a broader push to recover funds from businesses accused of loan fraud. […]