FCA’s Stern Letter to Lenders Ordering Halt to Bounce Back Loan Scams and SME Abuse
Special Reports
Insolvency Service Releases Disappointingly Weak Fact Sheet on Bounce Back Loan Rules and Consequences
The Insolvency Service’s BBL fact sheet is a let down, lacking vital clarity. We critique its shortcomings and what borrowers need instead. […]
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
Companies Benefiting from Large Government-Backed Loans Lavish Michael Gove with Donations and Generous Gifts
Firms with hefty government loans are showering Michael Gove with gifts and donations. We question the ethics of these transactions. […]