I Took Out a Loan For My Brother And He Has Stopped Paying

loan application

Question Hi Jon, I took out a loan 3 years ago for my brother to help him in his business, and he paid the payments. The business was doing OK, even during the lock downs, but recently he has stopped making the payments. The bank has now contacted me saying the loan is in default […]

Is My Bounce Back Loan Fraud?

fraud sign

Question Hi I am very grateful for your website! I have a bounceback loan from Covid which is from my personal business account and also an overdraft on that same account and I would really like to try and write this debt off as I understand it is fraud. I understand the basics of the […]

I Need Debt Advice To Not Lose My Home


Question Jon, I defaulted on a huge loan for my business, which I was the guarantor. The loan was for £20,000 to begin developing a parcel of land and build a retail park. I had other investors who in turn each pledged £20,000, and in total the cost at our end was £160,000. I under […]

How Can I Get a Loan Without a Guarantor?

laptop and a calculator

Question Jon, I set up a LTD last year, but due to Covid we did not start trading until this year 2021. Business is going pretty well, and in the past few weeks with the lock down restrictions being lifted, we are very busy. I need to expand the company and went to my bank […]