AIP given by Lloyds (C&G) but application declined - please help?

koexelek

I had a case recently where C & G scored a client about four times in two weeks, fot no apparent reason:eek:

It not only ruined his credit there, it stopped him getting a mortgage elsewhere.
He complained to C & G formally, but they just basically put two fingers up to him,

lethal0r

what a crazy system. someone merely searches for your credit score and it messes up your score!? it should at least count several searches by the same company as just one.

how long does a scoring take to disappear from your record?

feisty1

[quote=lethal0r;18379189]what a crazy system. someone merely searches for your credit score and it messes up your score!? it should at least count several searches by the same company as just one. how long does a scoring take to disappear from your record?[/quote]


Why are you ignoring the fact the OP has missed payments. A credit report documents how that person has conducted their credit & forms a crucial part in decision making as whether they are a good risk or not..............

Rick62

the fact that you made two applications to C&G could be enough reason. The other possible reason is if any of the details on the two applications were different then that could throw out your application.

This is the second example on MSE in about as many days of someone making further applications after having a mortgage agreed in principle, not because they were not happy with the mortgage applied for but because another broker persuaded them to.

In the current credit market if you have a mortgage offer that you are happy with (whether obtained directly or through a broker) then you should stay with that offer. Banks don't need customers who mess them around or can't make their mind up.

ps. feisty, are you a broker? If so you need the signature.

feisty1

Rick62 wrote: »

ps. feisty, are you a broker? If so you need the signature.

Thk u, I am simply posting generic information, which a baker, broker candlestick maker may have the knowledge of.

secondtoughest

I have a mortgage in principle from Nationwide. I am interested in a property which is a reposession and is being sold by Halifax. Halifax have (obviously) told me that they will possibly look at me as the preferential bidder if I get a Halifax mortgage. I looked on the Halifax website and their rates together with my deposit don't make the most financial sense.

It would seem that it is important for me to not have any more credit searches on my file at the present moment, would that be right? My credit score is 806.

stanstan20

Why are you ignoring the fact the OP has missed payments. A credit report documents how that person has conducted their credit & forms a crucial part in decision making as whether they are a good risk or not..............[/quote]

Thank you for your help but as I said before my credit report shows only one late payment no missed payments. And it says my credit score is Good.

feisty1

I dont want to add to yr anxiety but the late payment(s) MAY efffect yr credit report. Also you say only 1 missed payment is showing but in yr original post you refer to payments. Also which credit report are you referring to Experian/Equifax etc........It is not uncommon for "things" not to show up on 1 report but do on another.........maybe one has been updated & the other hasn't, how old is yr report?

stanstan20

Hi
I got the report through Experian this morning via their website - I thought I had more than one late payment but they were literally only one or two days late and they don't show on the report even though it was about 2-3 months ago.
Sorry I'm just really desperate to know what my best course of action is.
Thanks again for your input

Rick62

Go back and speak to yor adviser at Lloyds TSB, see what they say.