starling bank done me over :O bounceback loan

Status
Replying to this thread has been disabled.

Original Post:

S

shadowx

Free Member
May 29, 2016
49
1
  • #1
    I took a bounceback loan from starling, I was happily paying them on time monthly installments,

    until recently starling suddenly wanted the full payment with no explanation?

    what is the best course of action? And if I cant pay the full amount of the bounceback loan then what can I do? is there any grave repercussions?
     
    Elliot Green

    Elliot Green

    Business Member
    Nov 4, 2003
    524
    274
    London
    www.oliverelliot.co.uk
  • #6
    A bank may also demand repayment in full if a borrower were to attempt to strike off the company without giving requisite notice so they can object.
     
    Upvote 0
    Elliot Green

    Elliot Green

    Business Member
    Nov 4, 2003
    524
    274
    London
    www.oliverelliot.co.uk
  • #7
    Newchodge said:
    Then what is your complaint? You committed fraud and the bank wishes to recover the funds that were fraudulently obtained. I don't think it is you who is being done over.
    Click to expand...
    Some banks had an application form that incorporated estimated turnover.
     
    Upvote 0
    fisicx

    fisicx

    Moderator
    Sep 12, 2006
    46,885
    8
    15,489
    Aldershot
    www.aerin.co.uk
  • #12
    Upvote 0
    Ozzy

    Ozzy

    Founder of UKBF
    UKBF Staff
    • Feb 9, 2003
    8,363
    11
    3,511
    Northampton, UK
    bdgroup.co.uk
  • #14
    This thread has been picked up the following thread, so bringing them together and locking this one;
    www.ukbusinessforums.co.uk

    fraud business purchase

    I have recieved bounceback loan and used for a business purchase, but the business i purchased from appeared to be fraudulent and scammed me, so would they still expect me to be paying back loan, what would be my options?
    www.ukbusinessforums.co.uk www.ukbusinessforums.co.uk

    Was going to try and merge them together but they don't really flow together too well.
     
    • Like
    Reactions: Lisa Thomas
    Upvote 0
    Status
    Replying to this thread has been disabled.

    Latest Articles

    Join UK Business Forums for free business advice
    Top Bottom
    Community
    Articles
    Menu