Santander Ordered to Pay Compensation for Wrongly Taking Full Bounce Back Loan Repayments Under Interest-Only PAYG Option, Ombudsman Upholds Complaint
BBL Blaggers
Director Banned for 11 Years for Misrepresenting Turnover to Secure £50,000 Santander Bounce Back Loan
A director has been banned for 11 years for exaggerating turnover to secure a £50,000 Santander Bounce Back Loan, which was unpaid at creditors’ voluntary liquidation. The disqualification reflects misuse of pandemic relief funds. […]
BBL Complaints Upheld
Lloyds Ordered to Reduce Bounce Back Loan Debt by Half After Wife’s Death, Ombudsman Upholds Complaint
A man’s wife applied for a Bounce Back Loan using his account before her death. The Ombudsman upheld the complaint, ordering Lloyds to reduce the debt by half. […]
BBL Complaints Upheld
HSBC Ordered to Remove “Evasion of Payment” CIFAS Marker for Bounce Back Loan, Ombudsman Upholds Complaint
HSBC restricted a customer’s Bounce Back Loan funds for five months and applied an “evasion of payment” CIFAS marker. The Ombudsman upheld the complaint, ordering marker removal. […]