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Small Businesses Raise Voice Against Clydesdale Bank for Misrepresentation over Fixed-Rate Loans

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LONDON – A group of small businesses has been suing Clydesdale bank as well as its former owner National Australia Bank for alleged misrepresentation over small business loans. The lawsuit filed by small businesses highlighted that banks raised the interest rate on fixed-rate loans by hidden margins. While representing the group, RGL Management allegedly stated that banks have been facing deceit, misrepresentation, and breach of contract by banks.

A total of 140 small businesses comprising 2,000 small companies issued the first claim against the banks. However, the legal claim doesn’t carry any value. On behalf of small businesses, RGL Management has brought complex lawsuits against banks. Augusta Ventures, a litigation funder has been supporting the lawsuit against Clydesdale bank. Many litigation funders have been fighting for bank disputes on the condition of some part of compensation if they manage to win at trial.

Bad credit small business loans have been on the rise as there are plenty of options available to get loans for small businesses. Also, the affordable interest rates make it possible to get a loan on easy terms. Apart from banks, many online sources are offering small business loans even to the entities with bad credit.

Garbhan Shanks of Michelmores LLP, the law firm which represents RGL, has said that it is hopeful to get a substantial amount of compensation for their first multi-party claim against banks. However, CYBG, the owner of Clydesdale and Yorkshire bank said that it will respond to any claim against its banks on a strong term after analyzing it thoroughly.

Jenny is one of the oldest contributors of Bigtime Daily with a unique perspective of the world events. She aims to empower the readers with delivery of apt factual analysis of various news pieces from around the World.

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3 Reasons Why Positive SSL Is Perfect For Simple Websites

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Figuring out the best SSL for your site is never a good time. For small website owners, it can especially be a minefield. With so many different price points and all this talk of validation levels and multiple subdomains, it’s natural to feel overwhelmed. Do you really need all that stuff for your site? The answer is probably not. That’s why this article is going to argue the virtues of the PositiveSSL certificate from Sectigo Certificate Authority (CA).

Whether you have a blog, an online portfolio, or a personal website, a Positive SSL is the perfect choice for bringing web encryption to your site. Here’s why:

  • Your site will be more secure

This is the case for SSL certificates in general, but it never hurts to stress the importance of web encryption. An SSL certificate will help create an encrypted connection between your site and anyone using it. This means that malicious actors will not be able to intercept any information sent over this connection. This is good for you and good for your users. When they visit your site and notice the padlock symbol in the browser address bar, they’ll immediately feel at ease.

  • It’s cheap and fast

When it comes to SSL certificates, the varying price points can be a little confusing. Different prices are due to many reasons, such as the CA or reseller you’re purchasing from, the number of domains and subdomains you have, and the validation level. 

Positive SSL tends to be the most affordable option no matter where you’re purchasing it from because it’s for a single domain and has the lowest level of validation, known as domain validation. With domain validation, the CA will only check that you own the domain you wish to secure. Because this level of assurance has fewer checks than the other kinds, Positive SSL certificates tend to be issued faster, too. For a simple website that doesn’t require logins, filling in forms, or conducting business transactions, this kind of SSL is all you need.

  • It’s from a trusted CA

Having been in the cybersecurity business for over two decades, Sectigo accounts for over 34% of the global commercial SSL certificate market. For this reason, it’s a name that is synonymous with trust. Not all CAs are created equal, so when you come across a new CA, it’s vital to do your research to ensure that their certificates work with major web browsers. With Sectigo, this won’t be an issue.

Conclusion

These days, due to tightening security rules from web browsers and search engines, websites of all sizes need an SSL certificate, even your tiny, unassuming blog or personal website. Keep things affordable, easy, and — most importantly — secure by opting for a Positive SSL.

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