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  • FIRST POST
    brownbabygirl
    Devastated - Offered Lloyds TSB Cash Account
    • #1
    • 24th Sep 07, 12:17 AM
    Devastated - Offered Lloyds TSB Cash Account 24th Sep 07 at 12:17 AM
    I have banked with HSBC for 11 years and I wanted to switch. I applied to Halifax (high interest current account) and Lloyds TSB (classic account). Halifax flat out refused! LTSB refused me too but offered a cash account. I am really disappointed as I hate the service HSBC offer and wanted to move ASAP and then reclaim 130 GBP bank charges! I suspect that I was rejected based on five late payments with a settled and closed account with Abbey earlier this year (long story!). Other than than I have credited my HSBC with at least 2000 GBP each month and they upgraded me with a Maestro and cheque book. I guess all that was not taken into account. I also had a 400 GBP managed loan that I recently paid off in bulk with HSBC (around the same time I applied for the accounts) but I am at me cos I should have waited 30 days before applying for the accounts as my file would have at least shown I paid it off!

    Since the cash account has very limited features, I will keep my HSBC open for a while but have my wages paid into my LTSB cash account (even though no credit interest) plus all direct debits with LTSB . The point is to ask for an upgrade to a classic account after 3-6 months and take advantage of their 1 year regular savings account at 8% AER.

    My question is, do you think it likely I will get upgraded to classic account and how soon?

    BTW: I have ordered my credit files from all 3 agencies and will check carefully to make sure it is up to date!

    Any comments on my situation is gratefully appreciated


    I love this board.

    Thanks!
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