Sample Letter/Email for Submitting a Final Settlement Offer Under the “BBL Defaulter Discounts” Provided by Certain Bounce Back Loan Lenders
Settling a BBL
British Business Bank Publicly Recommends Full and Final Settlement Offers for Unpayable Bounce Back Loans, Potentially as Low as Pennies per Pound
The British Business Bank urges struggling Bounce Back Loan borrowers to propose full and final settlements, with some lenders accepting just pennies per pound. […]
Settling a BBL
If You’ve Defaulted on Your BBL, Debt Collectors Will Agree a Repayment Plan of What You Can Afford, Even If Its Just £1 Per Month!
Defaulted on your Bounce Back Loan? Don’t panic. Debt collectors must work with you to create an affordable repayment plan, even if it’s just £1 a month. Communicate with them, and they’ll tailor a manageable solution to help you move forward.
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Settling a BBL
Some BBL Lenders Can Offer You a Huge Discount on What You Owe, If Your BBL Is In Default, You Can Settle That Debt For Pennies in the Pound
Defaulted on your Bounce Back Loan? Some lenders may settle your debt for pennies in the pound. Negotiate, show financial hardship, and you could clear your debt for a fraction of what you owe.