Q. What affect will this have on my CBIL facility?
A. There is no change to your facility held with TSB.
Q. Will this affect my Pay As You Grow options?
A. No, this is a notification and will not affect your facility, including Your Pay As You Grow options.
Q. Why was I not advised of this when I took out my CBIL facility? (See answer below)
Q. If I repay my loan, will my data still be shared? (See answer below)
Q. I have already repaid my CBIL facility, why am I receiving this letter? (See answer below)
Q. Why is my data being reported to the European Commission? (See answer below)
A: This is a government notification, you can find more information at BEIS Privacy Notice & BBB Privacy Notice.
For further information about data reporting to the European Commission and the UK Government please see the BEIS Q&As and the BBB Q&As.
You can contact BBB by emailing to enquiries@beis.gov.uk for any questions you have about this letter.