Vulnerable Bounce Back Loan Borrowers Urged to Seek Fair Treatment and Potential Debt Write-Offs
Special Reports
Barclays Cancels BBL After Review, Seizes Account Funds for Repayment, and Ombudsman Upholds Their Actions
Barclays terminated a BBL, grabbed account funds to repay it, and the Ombudsman says it’s allowed. We break down this tough ruling. […]
Special Reports
Jeremy Vine and I Discuss Bounce Back Loan Arrears, Defaults, and More in Fireside Chat
Join my fireside chat with Jeremy Vine as we dive into Bounce Back Loan arrears, defaults, and the challenges borrowers face today. […]
Recovery Action 3
Warning Issued – Set Up An Affordable Repayment Plan ASAP If You Over-Egged Your Turnover (Either by Mistake or Otherwise) to Get a BBL as You Have One Final Window of Opportunity to do the Right Thing Before No Nonsense Recovery Action Begins
Businesses that overstated their turnover—whether intentionally or by error—to secure a Bounce Back Loan are urged to establish an affordable repayment plan immediately. With a final, limited opportunity to rectify their situation, failure to act promptly could trigger aggressive recovery measures by lenders or the Insolvency Service, potentially leading to director disqualifications or legal action.
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