Co-Op – Page 2 – Bounce Back Loan

Exposed – Key Warning Signs (Including Real-Life Cases) Lenders Scrutinize Before Targeting Bounce Back Loan Defaulting Limited Companies for High Court Winding-Up, and the Consequences That Follow

Uncover the red flags lenders use to target defaulting Bounce Back Loan companies for High Court wind-ups, with real cases and their fallout revealed. […]

Unlicensed Manchester Firm, Save Consultants Ltd, Shut Down by High Court for Deceiving Directors Into Selling Companies to Evade Bounce Back Loan and Debt Repayments

Save Consultants Ltd, an unlicensed Manchester firm, is closed by the High Court for tricking directors into dodging Bounce Back Loan repayments. […]

Government Acknowledges Certain Bounce Back Loan Lenders Repeatedly Entered Business Owners’ Details into the BBL Portal, Were Later Caught Attempting to Exploit the BBL Scheme, and Lost Their Guarantees – Resulting in Innocent Business Owners Being Wrongly Flagged as Suspected Fraudsters

The government admits some lenders’ portal misuse led to innocent Bounce Back Loan borrowers being wrongly flagged as fraudsters after guarantee losses. […]

10-Year Ban for Slough Director’s £50k Turnover Fraud

A Slough director who inflated turnover to blag a £50,000 Co-Operative Bank Bounce Back Loan faces a 10-year ban on Boxing Day. Discover the details of this festive-season financial scam. […]

Co-Op Bank’s Outdated Systems Lead to £250 BBL Complaint Payout

Co-Op Bank’s obsolete systems and staff shortages caused Bounce Back Loan issues, resulting in a £250 compensation award from the Ombudsman. […]

Co-Op Bank Places CIFAS Marker on Customer for £50k Bounce Back Loan Fraud; Complaint Reveals Misconduct

A customer’s complaint about a Co-Op Bank CIFAS marker uncovers fraudulent Bounce Back Loan use, including inflated turnover and misused funds. […]

Director Clobbered with a 12-Year Ban for Blagging Starling and Co-Op BBLs with Dodgy Money Trail

A director’s banned 12 years for nabbing Starling and Co-Op BBLs with a sketchy money trail. See his dodge! […]

Jeremy Hunt Vows Aggressive Fraud Recovery While Praising Bounce Back Loans for UK’s Swift Recovery

Chancellor Jeremy Hunt pledges relentless pursuit of Covid fraud funds, crediting Bounce Back Loans for powering the UK’s rapid economic rebound. […]

Department for Trade Revises Bounce Back Loan Privacy Policy

The Department for Trade has updated its Bounce Back Loan privacy policy, raising questions about new implications for borrowers and lenders. […]

How Bounce Back Loan Lenders Handle Customers Struggling with Repayments: A Mixed Bag

Explore the varied responses from Bounce Back Loan lenders to customers unable to repay, ranging from supportive to harsh practices. […]