‘Bounce back’ loan fraudster, 38, faces jail after trying to swindle £240,000 from support scheme meant for firms struggling to stay afloat during pandemic Timilehin ‘Yvette’ Olasemo made eight separate claims for £30,000 bank loans She made them on behalf of her employer Essex Cares Ltd who were oblivious Olasemo, 38, admitted conspiring to commit fraud at … Read more
Families who have struggled with money at some point in the past three years have seen their finances disproportionately hard hit as a result of coronavirus. Those who have a history of struggling to keep up with debt repayments are about 50 per cent more likely to have got further into debt as a result … Read more
The Business Minister yesterday pledged to ‘stamp out’ bounce back loan fraud after being grilled over the Mail’s expose of conmen exploiting it. Nadhim Zahawi was confronted on live radio after we revealed how scammers were cashing in on lax checks by helping arrange fraudulent loans worth tens of thousands of pounds. LBC presenter Nick … Read more
The EFL have rejected the Premier League’s £150million rescue package because they do not accept the conditions attached to what is primarily a loan. The offer of financial help, which was ordered by the Government to get football through the pandemic, is not a part of the Project Big Picture plan which has rocked the … Read more
Treasury Minister gives banks all-clear to turn down borrowers who took loan repayment ‘holidays’ during lockdown By Helen Cahill, Financial Mail On Sunday Published: 21:50 BST, 26 September 2020 | Updated: 23:00 BST, 26 September 2020 A Treasury Minister has given banks the all-clear to turn down borrowers who took loan repayment ‘holidays’ during lockdown. … Read more
It’s DONE! Gareth Bale completes stunning £13m year-long loan move back to Tottenham after being frozen out at Real Madrid and will wear the No 9 shirt… but he won’t make debut until late October after medical uncovered knee injury Tottenham have confirmed the return of Gareth Bale to north London on loan He returns … Read more
REVEALED: Fraudsters raid Chancellor Rishi Sunak’s loan fund – probe finds criminal gangs exploit loopholes in £35bn business bounce back scheme Taxpayers could be hit by a huge fraud time-bomb More than 1.15million businesses have borrowed up to £50,000 each under the flagship scheme By Helen Cahill, Financial Mail On Sunday Published: 21:52 BST, 22 … Read more
Experts said Britain’s borrowing habits ‘will have changed permanently’ as a result of the coronavirus pandemic, after forecasts estimated credit card and loan borrowing would fall by record levels this year. Demand for consumer credit would fall 15.9 per cent and Britain’s unsecured debt pile would not recover to 2019 levels until 2022, according to … Read more
HSBC hits flathunters with loans clampdown: Bank set to insist on a 15% deposit – or 20% if buying a new-build By Victoria Bischoff Money Mail Editor For The Daily Mail Published: 21:50 BST, 13 August 2020 | Updated: 21:50 BST, 13 August 2020 HSBC is clamping down on how much it will loan to … Read more
Furlough is set to end in just over two months and already, job cuts are pushing 650,000, leaving thousands worried about how to pay the bills, let alone the mortgage. Whether you’re concerned you might lose your job or not, cutting the cost of any outgoing is a sensible move right now and that’s even truer … Read more