HSBC – Page 31 – Bounce Back Loan

HSBC Ordered to Pay Compensation for Non-Existent Feeder Accounts, Ombudsman Upholds Complaint

HSBC misled customers about “feeder accounts” for Bounce Back Loans, which were imaginary. The Ombudsman upheld the complaint, ordering compensation for the deception. […]

Director Banned 10 Years for Inflating Turnover to Secure £50k Loan

A company director faces a decade-long ban after exaggerating his firm’s turnover by over four times to obtain a £50,000 Bounce Back Loan, which went unpaid when the business collapsed. Discover how HSBC is now claiming back the funds through government guarantees. […]

Co-Directors Banned for Dormant Company’s £50k Bounce Back Loan Scam

Two co-directors face 10- and 7-year bans for securing a £50,000 HSBC Bounce Back Loan for a dormant company. Dive into how this fraudulent application led to unpaid debts and severe penalties. […]

HSBC Ordered to Pay £500 for Denying Bounce Back Loan Account, Ombudsman Upholds Complaint

HSBC lied and repeatedly denied a Ltd company an account, blocking a Bounce Back Loan. The Ombudsman upheld the complaint, awarding £500, limited by company distress rules. […]

HSBC Ordered to Pay £150 for Business Collapse After Bounce Back Loan Denial, Ombudsman Upholds Complaint

HavinHSBC’s “safeguarding review” locked an account, denied a Bounce Back Loan, and caused a business collapse. The Ombudsman upheld the complaint, awarding £150 compensation. […]

Latest Update on How Bounce Back Loan Lenders Are Managing Borrowers Unable to Repay Their Loans

Can’t repay your BBL? We provide the latest on how each lender handles defaults, from leniency to aggressive tactics. […]

11-Year Ban for Fried Chicken Owner’s £50k Bounce Back Loan Fraud

A fried chicken business owner who inflated turnover to secure a £50,000 HSBC Bounce Back Loan, only to leave it unpaid at liquidation, now faces an 11-year ban. Uncover the details of this familiar scam. […]

5-Year Ban for Director’s £35.5k Bounce Back Loan Misuse

A director who diverted a £35,500 HSBC Bounce Back Loan for personal benefit has been banned for 5 years. Find out how this case highlights the ongoing issue of Bounce Back Loan misuse during insolvency. […]

Director Banned for 7 Years for Misconduct Involving HSBC Coronavirus Business Interruption Loan

A director faces a seven-year ban for wrongdoing involving an HSBC Coronavirus Business Interruption Loan, marking a rare instance of CBILS misuse. […]

6-Year Ban for Director’s £25k Bounce Back Loan Default

A director’s failure to repay a £25,000 HSBC Bounce Back Loan, with no clear record of its use, has led to a 6-year ban. Discover how liquidators struggled to trace the missing funds in this case. […]