Worried about sudden drop in LTSB's internal scoring to 9!

firsttimestudent

Hi,

Today I went to LTSB, thinking about temporarily increasing my overdraft (fixed savings maturing in 3 days time, but may need some cushioning in 2 days time).

I was shocked when the person told me she couldn't help because there is a "Credit Policy Decline" listed next to my Overdraft, and also told my internal scoring is 9. I remember a few weeks ago it was 2.

What I did was I applied for the PrivacyGuard (£1, just to get my credit report, will cancel later). Am waiting for my credit report.

I suspect my credit report will come up clean (everything paid by D/D, and on time).

If so, do I need to do anything? I am really worried to be honest!

SparciaM

Don't worry about anything.


Lloyds internal scoring is a shambles and can jump from 10 to 1 in a month. They have no idea how it works and will give you no help to improve it. It's all done by computer which no-one at branch or customer services level has any idea about.

Some banks, say use your debit card, have income in etc. Lloyds say, do whatever, it'll change every month.
All you can do is either switch banks or live with it, sadly.

starM

firsttimestudent wrote: »

Hi,

Today I went to LTSB, thinking about temporarily increasing my overdraft (fixed savings maturing in 3 days time, but may need some cushioning in 2 days time).

I was shocked when the person told me she couldn't help because there is a "Credit Policy Decline" listed next to my Overdraft, and also told my internal scoring is 9. I remember a few weeks ago it was 2.

What I did was I applied for the PrivacyGuard (£1, just to get my credit report, will cancel later). Am waiting for my credit report.

I suspect my credit report will come up clean (everything paid by D/D, and on time).

If so, do I need to do anything? I am really worried to be honest!

Did your score ever changed after having Credit Policy Decline mark?

simax

Mines been a 9 - CPD since I opened the account (Jan 09)