Starling Bounce Back

scrooger

Well, he could try to apply (not necessary now, as banks have a huge amount of applicants, but in a week or two). If he got money, he wouldn't have to spend it. It can stay on the bank account as emergency cash. The first year is free, so he could just return it without any cost within 12 months.

InkedByrd

scrooger said:

Well, he could try to apply (not necessary now, as banks have a huge amount of applicants, but in a week or two). If he got money, he wouldn't have to spend it. It can stay on the bank account as emergency cash. The first year is free, so he could just return it without any cost within 12 months.

I think that may be the plan. He is very debt adverse. I suggested he apply for 25% of projected turnover and pop it in the highest interest rate instant access account he could find then just before interest kicks in he pays back what is there. 
I will leave him alone with it as ultimately it is his decision, I just do his accounts for him.

InkedByrd

stratty said:

No card again today.  Postal service is killing me.

Has your card arrived yet?

stratty

Yes arrived today. My application for bounce back went in at 1430

Gandhi23

Not sure what is going on with Starling but I have just been turned down for their BBL.
I am new sole trader account holder
I have no idea why it was refused, I fulfilled all criteria *sigh*

JakeMM

I was approved by Starling as a brand new account holder. If you’ve been refused, it’s because you’ve failed their fraud checks - check names on accounts, electoral roll etc before you apply with another bank. 

MO235

I applied for the BBLS from starling and got turned down think its my own fault as i put in the most recent years tax info

srussell68

I applied with starling for a bb loan after joining this week , I have been turned down and only explanation was , decision is final , find another lender.  In a scheme that is 100% backed by government and no credit history needed. Why ??????

MO235

Been in business for 3 years and all criteria met as in electrol roll etc but on their application it said calendar years not tax years so I went for most recent - I contacted them after i got message saying not eligible and said i think its my mistake and they told me to send a email but then said as I had a message its a final decision and dont send in the email i asked when can i re apply and he said they have not released that information yet somewhat confusing 

MO235

srussell68 said:

I applied with starling for a bb loan after joining this week , I have been turned down and only explanation was , decision is final , find another lender.  In a scheme that is 100% backed by government and no credit history needed. Why ??????

Yes cannot but agree 100% backed my message said not eligible confusing