Bounce Back Loans were one of the most popular emergency finance options for businesses affected by the pandemic due to no repayments or interest to pay for 12 months and a low fixed interest rate of 2.5%. A key feature of the scheme was the government’s guarantee to repay lenders 100% of outstanding loan amounts if their borrower went bust. …
How your bank should help when you’ve been scammed
The moments, minutes and months after a financial scam can be crucial, not just in terms of getting your hard-earned money back but to stop it happening again. According to research from consumer organisation Which? some banks are failing to support bank transfer fraud victims, leaving them at risk of future attempts. When 432 victims of fraud or attempted fraud …