HSBC – Page 30 – Bounce Back Loan

HSBC Ordered to Pay Compensation for Misleading Bounce Back Loan Eligibility, Ombudsman Upholds Complaint

HSBC denied Bounce Back Loans to feeder account applicants not trading by April 2019, misleading customers. The Ombudsman upheld the complaint, ordering compensation. […]

HSBC Refuses Bounce Back Loan Repayment Date Change, Ombudsman Dismisses Complaint Citing Scheme Rules

HSBC denied a one-day repayment date change for a Bounce Back Loan. The Ombudsman dismissed the complaint, attributing the restriction to British Business Bank rules. […]

HSBC Marks Arrears Despite Early Bounce Back Loan Payment, Ombudsman Dismisses Complaint

HSBC marked a customer in arrears despite a £10k early Bounce Back Loan payment, due to no direct debit setup. The Ombudsman dismissed the complaint, citing payment issues. […]

HSBC Ordered to Pay £750 for Misleading Bounce Back Loan Application Progress, Ombudsman Upholds Complaint

HSBC repeatedly misled a customer about his Bounce Back Loan application progress, which was ultimately denied. The Ombudsman upheld the complaint, awarding £750 compensation. […]

9-Year Ban for Director’s £30k Ineligible Bounce Back Loan Misuse

A director who secured an ineligible £30,000 HSBC Bounce Back Loan and transferred it to herself now faces a 9-year ban. Uncover the details of this bold misuse and its consequences. […]

6-Year Ban for Director’s Missing £50k Bounce Back Loan Records

A director’s failure to provide accounting records for a £50,000 HSBC Bounce Back Loan, left unpaid at liquidation, has earned a 6-year ban. Find out why this lack of transparency led to a lighter penalty. […]

HSBC Records Late Bounce Back Loan Payment Marker, Ombudsman Dismisses Sole Trader’s Complaint

A sole trader complained about HSBC’s late Bounce Back Loan payment marker on his credit file. The Ombudsman dismissed the complaint, upholding the bank’s action. […]

9-Year Ban for Director’s Turnover Inflation Scam

A director who overstated his company’s turnover to secure a larger-than-entitled HSBC Bounce Back Loan has been banned for 9 years. Learn how this fraudulent tactic led to a significant financial default. […]

6-Year Ban for Director’s £50k Bounce Back Loan Record Dodge

A director who exploited an “accounting records loophole” to obscure the fate of a £50,000 HSBC Bounce Back Loan faces a 6-year ban. Discover how this tactic led to a lighter penalty despite liquidation losses. […]

Director Banned for 8 Years for Falsely Claiming £210,000 Turnover to Secure £50,000 HSBC Bounce Back Loan and Misusing Funds

A director faces an eight-year ban after claiming a £210,000 turnover, when it was zero, to secure a £50,000 HSBC Bounce Back Loan, spending it on himself and leaving it unpaid at liquidation. […]