Investec Bank Defaults on OakNorth CBILS Loan, Which Could Leave Taxpayers to Cover Guarantee Costs
Summer of Love
What’s the Lowest Monthly Payment I Can Propose for a Defaulted Bounce Back Loan? Explore the Regulations, Lender Obligations for £1, £10, £25 Repayment Schedules, and See a Sample Income/Expenditure Form
For those struggling with BBL defaults, lenders must consider even minimal monthly offers like £1 or £10 under affordability rules. The guide details how proposals are evaluated and includes a standard income/outcome template. Understanding these can aid in negotiating sustainable repayment plans. […]
Special Reports
NatWest Employed a Secret Turnover Formula to Approve Feeder Accounts for Bounce Back Loan Access
NatWest used a hidden formula to greenlight BBL feeder accounts. We blow the lid off this covert eligibility tactic. […]
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. […]