Lloyds TSB Internal Scoring & Risk Assessment?

jazzyblues

I've had a Lloyds TSB Student account since August 2008 with a £200 interest free overdraft. I used £180 of this between August and September 2008, and until just last week the account had been completely inactive with no funds going in at all. I was overdrawn by £180 for almost 3 years to be clear. My overdraft has now been cleared and is to be reviewed at the end of July, but I'm £30 in credit for the meantime and at the end of this month £3,000 is being deposited. I shall then make it my primary account.

I've now gradated but shall be interning so no salary in the form of BACS will be going in for a bit. I will however be depositing £300 every month to cover personal bills/keep account topped up etc. Will they invite me to upgrade to a Graduate account? Also, is it likely that my overdraft will be withdrawn, remain the same or increased based on all the above factors?

Just wanting to know how this will have (in anyway) impacted/effected my internal score with Lloyds TSB, what my likely "risk" factor is and lastly what is this "CPD mark" business everyone is on about?

Thanks

coolesticeking

CPD is Credit Policy Decline - It means if you have this on your account, when you apply for a credit product with Lloyds TSB they automatically decline your application and it does not even get reviewed.

Happens for one of two reasons as a general rule of thumb:

1) They are not happy with the way you run any accounts you have with Lloyds TSB

2) They get a feed of your Credit Report each month and feel there is something a miss with this and feel you are too much of a risk to them

jonesMUFCforever

Have you already asked this question elsewhere on the boards?

KingElvis

CPD marker means basically you're screwed.

pmduk

From your post you've been putting very little money through the account over the last few years. You can't blame them for being sceptical where your credit-worthiness is due.

izools

Lloyds TSB have a very comprehensive risk analysis system - they look at:

No. of days in credit each month
Average daily balance each month
Monthly turnover
Spend rate
...Etc

So as long as you keep the account in credit all the time, ensure the total in is more than the total out each month, and most importantly, leave as much of the £300/month in the account for as long as possible, you should have earned a reasonable internal risk band after 6 months (or so) of doing this.

Don't expect any notable lines of credit to be advanced on such a poor monthly turnover, but certainly if you stick to the above you shouldn't be a total CPD - but then again - LTSB are very random with who they CPD; there seems to be little consistency with it.

sscott5581

My risk band with Lloyds is 1 have a £1000 overdraft and Classic Credit Card with £1000 credit limit but I have CPD against all lending this month. My Experian file is flawless. Any ideas?

pjread

I had the interesting combination of a CPD and a 1.5k OD.

After several years (since I didn't need credit) I discovered this fact from a former colleage (as I was previously LTSB staff).

It appears senior managers are able to pretty effectively s**** anyone they see fit, if they have a poor personal relationship and the object requires credit. But that once their brief career ends the 'call centre monkeys' will eventually set it straight, with a little head scratching over why there was ever anything there.

pjread

Erm, shall I rephrase that as "I believe those with sufficient authority can have the field set explicitly" ?

jonesMUFCforever

sscott5581 wrote: »

My risk band with Lloyds is 1 have a £1000 overdraft and Classic Credit Card with £1000 credit limit but I have CPD against all lending this month. My Experian file is flawless. Any ideas?

Do the bank think you are unemployed?
Are you getting any benefits paid into account?

sscott5581

jonesMUFCforever wrote: »

Do the bank think you are unemployed?
Are you getting any benefits paid into account?

The bank have my employment details my salary is paid into the account.