The Sub Prime Credit Thread - Part V

paulmcerlean

Cash_Flow wrote: »

I have been with lloyds for 12 years and opened various other accounts outside of the lloyds banking group and I don't have a CPD

My risk band is 3.

Me neither.

It would be idiotic to apply this as a rule. They don't.

kilasuit

This was my previous O/D screen but recently has changed to this



I am still within the inital 6 months of having the account so was wondering if it was a possibility that i'm elligible for an O/D?

Or am i tempting fate

kilasuit

kilasuit wrote: »

This was my previous O/D screen but recently has changed to this



I am still within the inital 6 months of having the account so was wondering if it was a possibility that i'm elligible for an O/D?

Or am i tempting fate

Ps Sutton do you have this new version of the O/D page?

izools

Cash_Flow wrote: »

I have been with lloyds for 12 years and opened various other accounts outside of the lloyds banking group and I don't have a CPD

My risk band is 3.

All I know is my risk band was 3, six weeks ago, so I upgraded to Gold account. I'd taken out a new mobile contract in June which showed on my file a few weeks ago and when Lloyds did their monthly update my risk band shot up to 9.

I asked why and was told that new accounts can cause this to happen.

I'm fed up to the back teeth with Lloyds TSB anyway, no two people ever tell me the same thing and no one understands, or can explain / justify the CPD marker on my account, or the way my Risk Score can be 4 one month, then 9, then 3, then 9 again, and I never incur charges or bounce transactions, heck I've only used about £15 of my overdraft for maybe one day in the last several months.

I've shown them my credit file, too, which shows all my accounts being up to date paid on time etc and they can't explain the situation or do anything about it.

Think it's time to let my feet do the voting TBH...

chexum

izools wrote: »

I asked why and was told that new accounts can cause this to happen.

Ah, so it just *can*? It must be behavioural profiling/scoring, the accont types you have and you have opened seems to match (too many) of the customers that then got then behind with the payments. The good thing is that based on that, they still don't split up with you. But it may be that the only thing you can do is keeping up with payments and wait until they have overwhelming recent data about positive payment history.

Jimbob98

Sorry to dupe, posted below message in wrong thread-probs more relevant here!


Hey everyone
whats the general consensus for card which is easiest to be accepted on for ppl new to credit?
Vanquis seem to accept most, but reading forums seems like we have to keep chasing them for a decision-not ideal for the inexperienced
Sygma seem to be next easiest - the flybe card maybe
CapitalOne are mainly for ppl who have had credit in past so not really looked at
I think Barclaycard initial looks good but no-one seems to mention it much - seems the least used by MSE fans?!

anyone agree/opinions?

thks!!

brians_daughter

Afteernoon guys... Hows everyone?

Looking for some help - really, i expect i should start a new thread...but i dont tend to venture outside this thread over here lol. Its gonna be a long un i am afraid!!

Anyway...How can you stop someone applying for credit? Ok, bit of background.. cause the question sounds daft!

My Dad suffered several strokes about 6 years ago, as a result part of his brain is effected and he has no real comprehension of consequenses esp where £s are concerned.

A while ago (few years) we found out he had been applying for, spending money and not paying cc's. This was out of charachter as prior to his illness Dad was a chartered accountant - so very money savvy. It was left to Mum to clear these cc debts... 1 got to the point of a charging order on the house - thats how we found out about them in the 1st place. This was about 2-3 years ago, do he still has a default and ccj registered against him - so cant access main stream cards.

Anyway, we were advised by one of the companies he had got a cc with to get him to put a note on his credit files with all 3 agencies basically asking them not to loan him money as he was ill nad part of his condition was confussion regarding monies etc. We/he did this,and all seemed well.

Anyway, earlier in the week we have discovered he now has 2 cc's cap1 and aqua with outstanding balances of over £3000 (mum found statements). I have just re-joined experian/equifax for him and the notice Dad placed there is clearly stilll on there asking that no one lends him money...but they are/have done.

Obviously he spent it, so we will pay it and close it but how do we ensure this doesnt happen again in the future? I know we can keep the monthly subscriptions going and check them every few weeks but surely there should/could/is a blanket way of ensuring he doesnt obtain credit again?

Sorry,told you it would be long!

Anna x

telecomengineer

kilasuit wrote: »

Ps Sutton do you have this new version of the O/D page?

I opened my HSBC account and had this new screen after 3 months - dont apply online call the call centre and say "am I eligble for an overdraft yet"

they will seach call credit & experian...and if agreed will accept the request...I asked for £250 overdraft and they also gave me a credit card £1000 limit at the same time.

what helps your HSBC internal scoring is
salary madate over £1000 month
a regular savings account with a monthly SO from current account
not going overdrawn etc...

Dr_Cuckoo3

izools wrote: »

All I know is my risk band was 3, six weeks ago, so I upgraded to Gold account. I'd taken out a new mobile contract in June which showed on my file a few weeks ago and when Lloyds did their monthly update my risk band shot up to 9.

I asked why and was told that new accounts can cause this to happen.

I'm fed up to the back teeth with Lloyds TSB anyway, no two people ever tell me the same thing and no one understands, or can explain / justify the CPD marker on my account, or the way my Risk Score can be 4 one month, then 9, then 3, then 9 again, and I never incur charges or bounce transactions, heck I've only used about £15 of my overdraft for maybe one day in the last several months.

1, Is the CPD marker in addition to the risk indicator ? (in other words can you have a risk indicator of 3 and a CPD) , or is the CPD the risk indicator eg 99 rather than 9 :eek:

2, Do pre-selected offers , eg loans , credit cards appear on your internet banking if you have a CPD ?

3, Do Lloyds TSB receive white data from CRA's in respect of accounts opened before they started sharing white data (It was my understanding that they have to dislose if they wish to obtain) :cool:

4, My Barclays pre-approved loan disappears when new accounts show on my CRA - Barclays report white data for that account , Lloyds pre-selected loan remains on the basis of account conduct and this account does not report white data as it was opened long ago :cool:

5, Lloyds TSB are selling off all Scottish branches and some English ones , so you could put your foot in the door by opening an account at another branch

izools wrote: »

I've shown them my credit file, too, which shows all my accounts being up to date paid on time etc and they can't explain the situation or do anything about it.

Think it's time to let my feet do the voting TBH...

Bit like asking a supermarket checkout operator to advise on the ingredients and nutritional value of your shopping as you are paying for it :rotfl:

paulmcerlean

izools wrote: »

All I know is my risk band was 3, six weeks ago, so I upgraded to Gold account. I'd taken out a new mobile contract in June which showed on my file a few weeks ago and when Lloyds did their monthly update my risk band shot up to 9.

I asked why and was told that new accounts can cause this to happen.

I'm fed up to the back teeth with Lloyds TSB anyway, no two people ever tell me the same thing and no one understands, or can explain / justify the CPD marker on my account, or the way my Risk Score can be 4 one month, then 9, then 3, then 9 again, and I never incur charges or bounce transactions, heck I've only used about £15 of my overdraft for maybe one day in the last several months.

I've shown them my credit file, too, which shows all my accounts being up to date paid on time etc and they can't explain the situation or do anything about it.

Think it's time to let my feet do the voting TBH...

Does seem they can be quite erratic with customers but your suggestion that they CPD customer when they open a new account is simply not the case.

I am proof of this and others I have spoken to also.

I too, however, cannot put my finger on their behavioural scoring system.