We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Sub Prime Credit Thread - Part V
Options
Comments
-
HSBC will not give me an account.never-in-doubt wrote: »HSBC offer the same mate!
Shame that is, I have spoken to several people who bank with them and they highly recomend them, I will give them 6 months.never-in-doubt wrote: »Internal based behaviour score and local rate numbers with people in the UK! I'd rather eat the devils noob than go near Lloyds, they are a law unto their own and should (with any luck) be totally asset stripped and sold into pieces for the likes of proper banks such as Virgin/Tesco to buy up and turn around.
Well I shall see how things go, any crap and I will go back to Natwest cap in hand!never-in-doubt wrote: »PLUS they do credit search you, they use footprints - whoever says they don't talks nonsense, all banks do! HSBC use call credit if you've already been preapproved (behaviour score) and Lloyds use Experian for the same.
Since when has the world of computer software design been about what people want? This is a simple question of evolution. The day is quickly coming when every knee will bow down to a silicon fist, and you will all beg your binary gods for mercy.0 -
never-in-doubt wrote: »HSBC offer the same mate! Internal based behaviour score and local rate numbers with people in the UK! I'd rather eat the devils noob than go near Lloyds, they are a law unto their own and should (with any luck) be totally asset stripped and sold into pieces for the likes of proper banks such as Virgin/Tesco to buy up and turn around.
They are dire - all of a sudden you'll apply for something, they'll decline you and add a CPD marker OR worse, close your account then write and let you know after you're overdrawn etc.
PLUS they do credit search you, they use footprints - whoever says they don't talks nonsense, all banks do! HSBC use call credit if you've already been preapproved (behaviour score) and Lloyds use Experian for the same.
Once LTSB have opened you're account that's it - you're approved based on internal limits and CAIS / Insight data. No subsequent searches. Why would they need to if they're getting the data monthly from a CAIS feed anyway?Cashback Earned ¦ Nectar Points £68 ¦ Natoinwide Select £62 ¦ Aqua Reward £100 ¦ Amex Platinum £48
0 -
No, yell.comWhere did you get that number from saynoto0870?
They keep declining me for a loan so I will build up a relationhip with Lloyds bank and see how things go, all in all Natwest are sound.So did you not find Natwest that good?Since when has the world of computer software design been about what people want? This is a simple question of evolution. The day is quickly coming when every knee will bow down to a silicon fist, and you will all beg your binary gods for mercy.0 -
Lloyds lend based on turnover and minimum balance so if you regularly empty your account to £0 or thereabouts they'll pre-decline you for everything whereas if you keep a tidy running balance at all times they'll lend based on your average minimum balance each month over the last year. I was in branch today and the chappy kindly showed me all of these different graphs and explained how they tie into their scoring.
He showed me the three main graphs - monthly turnover over last 12 months, minimum monthly balance over last 12 months, and days of the month spent in credit over the last 12 months.
All three need to show no use of an overdraft and a healthy turnover / minimum for them to not CPD you
Cashback Earned ¦ Nectar Points £68 ¦ Natoinwide Select £62 ¦ Aqua Reward £100 ¦ Amex Platinum £48
0 -
No, yell.com
They keep declining me for a loan so I will build up a relationhip with Lloyds bank and see how things go, all in all Natwest are sound.
Did you try HSBC? They've been pretty good so far. The only downside is, when i got paid on a Monday, I could draw on it with Barclays on a Saturday, I can't with HSBC. But that's the only thing!0 -
I have tried getting an account with HSBC for the last 10 years - computer say no each time.Did you try HSBC? They've been pretty good so far. The only downside is, when i got paid on a Monday, I could draw on it with Barclays on a Saturday, I can't with HSBC. But that's the only thing!Since when has the world of computer software design been about what people want? This is a simple question of evolution. The day is quickly coming when every knee will bow down to a silicon fist, and you will all beg your binary gods for mercy.0 -
Lloyds lend based on turnover and minimum balance so if you regularly empty your account to £0 or thereabouts they'll pre-decline you for everything whereas if you keep a tidy running balance at all times they'll lend based on your average minimum balance each month over the last year. I was in branch today and the chappy kindly showed me all of these different graphs and explained how they tie into their scoring.
He showed me the three main graphs - monthly turnover over last 12 months, minimum monthly balance over last 12 months, and days of the month spent in credit over the last 12 months.
All three need to show no use of an overdraft and a healthy turnover / minimum for them to not CPD you
Also have a clean credit file? If they did have a CPD marker, you'd have to take your credit file in and show it to the branch manager?0 -
Once LTSB have opened you're account that's it - you're approved based on internal limits and CAIS / Insight data. No subsequent searches. Why would they need to if they're getting the data monthly from a CAIS feed anyway?
The Insight/CAIS feed only shows restrcited account data from other lending - it does not pull in search history data nor CIFAS/N Hunter activity.
ALL lenders perform searches - its a fact of the 21st century matey
I see what you're saying, but they do perform searches when you apply for a product that you've not been preapproved for.
If you've been preapproved based on internal scoring then a soft search is generally conducted - I presume you're saying that these searches are not reflective? i.e. they do not happen?
2010 - year of the troll
Niddy - Over & Out :wave:
0 -
Also have a clean credit file? If they did have a CPD marker, you'd have to take your credit file in and show it to the branch manager?
Yes indeed although AFAIK that doesn't play such a major part.
The chap was more concerned about the graphs I mentioned than my credit file when suggesting to this credit whatever team that the CPD marker be removed Cashback Earned ¦ Nectar Points £68 ¦ Natoinwide Select £62 ¦ Aqua Reward £100 ¦ Amex Platinum £48
0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351K Banking & Borrowing
- 253.1K Reduce Debt & Boost Income
- 453.6K Spending & Discounts
- 244K Work, Benefits & Business
- 598.9K Mortgages, Homes & Bills
- 176.9K Life & Family
- 257.3K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards