The Sub Prime Credit Thread - Part V

jo-bo

mrandmrsselby wrote: »

Do Natwest have their own version CPD marker? And how do you find out you have one?

natwest/rbs have a 'z' marker and a risk band policy which goes from 1-10, 1 being brilliant and 10 being awful. anyone with a 'z' marker will not be able to obtain further credit facilities unless someone in the lending team can remove the 'z' and anyone with a risk band higher than a 8 will struggle to find themselves getting pre approved for higher overdrafts, loans, credit cards and mortgage

Mrs_Niddy

Finalises things: https://forums.moneysavingexpert.com/discussion/2577787

Nice to see they resuscitated this thread.

mrandmrsselby

jo-bo wrote: »

natwest/rbs have a 'z' marker and a risk band policy which goes from 1-10, 1 being brilliant and 10 being awful. anyone with a 'z' marker will not be able to obtain further credit facilities unless someone in the lending team can remove the 'z' and anyone with a risk band higher than a 8 will struggle to find themselves getting pre approved for higher overdrafts, loans, credit cards and mortgage

How do you find out if this is the case? Or is it impoosible to find out?

stclair

If you have a "Z" marker on your account you wont get offered anything.

You need to have a risk bank of between 1-7 to get any offers.

The bank as a rule are not meant to tell you your risk band however if you ask someone might tell you.

mrandmrsselby

You can look and tell me

jo-bo

if you ever get invited to a review with an adviser (Or even ring up and ask for one) , they often use a system called back office which is where they can check what offers you've got. if you can position yourself with a view of the screen you'll be able to see!!!!

jo-bo

fairmorn, i would check a whole of market mortgage broker as they can find a lot more deals in a quicker space of time. btw how many years is the mtg over?

stclair

mrandmrsselby wrote: »

You can look and tell me

The next time you ring action line between 8am-8pm just ask as a general question as some advisors will tell you.

mrandmrsselby

I will use my work mobile and ring until someone tells me, I have a feeling I have ZZZZZZZZZZZZZZZZZZZZ against my account.

stclair

mrandmrsselby wrote: »

I will use my work mobile and ring until someone tells me, I have a feeling I have ZZZZZZZZZZZZZZZZZZZZ against my account.

What have you got with the bank already account wise?