Ombudsman Blames Customer for Bounce Back Loan Arrears Despite Barclays’ Direct Debit Failure
BBL Blaggers
Dean John Olley, Director of Image Joinery Ltd, Banned for 10 Years for Misrepresenting Turnover to Secure £50,000 Barclays Bounce Back Loan
Dean John Olley, director of Image Joinery Ltd, has been banned for 10 years for claiming a £580,000 turnover, despite dormant accounts, to secure a £50,000 Barclays Bounce Back Loan. The ban, starting 22 November 2024, reflects severe financial misconduct. […]
BBL Complaints Upheld
HSBC Ordered to Reinstate BBL, Refund £10,000, and Pay Compensation After Unfair Default
Despite resistance, HSBC was directed to reinstate a Bounce Back Loan, restore PAYG options, refund nearly £10,000 with interest, remove negative credit markers, and pay £250 to a customer for an unjust BBL default. […]
Special Reports
Ombudsman Clarifies Government Exempted Bounce Back Loans from Consumer Lending Rules, So Requiring Barclays to Provide a Detailed Graph of Monthly Interest Payments Would Be Overly Burdensome
The Ombudsman notes Bounce Back Loans’ exemption from consumer lending rules, deeming Barclays’ detailed interest payment graphs too burdensome to provide. […]