Lloyds TSB Internal Scoring & Risk Assessment?

BugsyBrowne

MoneySaverLog wrote: »

Based on what I've read on this subject

Somewhere between 1-9 or 98, 99 CPD I'd guess. They'll probably look at your credit file and base it on that initially.

Or you could just ask.

Added to the internal score you'll have pre-defined amounts available / not available for loans, credit cards, overdraft and whether you're eligible for a upgraded account.

Yep all depends on your credit score that the bank gave you when the application was done, obviously the better score lloyds gave then the lower risk will occur with their internal score.

Will find out what mine is tomoz if card arrives or will try and ring up but pretty confident I will be 1-3 bracket.

BugsyBrowne

consumerism wrote: »

Please let us know, interested to try this myself with Halifax

Will do wont be until lunchtime though.

Rupert_Bear

BugsyBrowne wrote: »

Will do wont be until lunchtime though.

I standby with bated breath!

BugsyBrowne

Back from lloyds,seems weird walking into a bank you've never been in or it might just be me.
Waited to talk someone who had their own room as I didn't want to ask my internal score in front of a load of lunch time customers, very pleasant lady sat me down welcomed me to lloyds she finally found me on the system when I politely asked but I also felt silly asking what my internal score is as she looked bemused as if what's he dribbling on about.

She then said its based on your risk score and I have 3 which she said was based on my application score which I already knew how they base their scores, also set up vantage on the account, I asked about CDP which she said its a CPD and smiled and said I was fine as their was not one marked for me and then said about my 3 score being pretty good.

All in all very chuffed with the service and very polite indeed, but think I've been taking for a mug as I took out their home insurance when I was in branch and just done an online quote which is cheaper & included accidental damage.

BugsyBrowne

consumerism wrote: »

Thank you for this. Just cancel the insurance and take the cheaper option, or ring the number and explain and they should price match it.

Yep £10.18 I signed up for in branch without accidental damage and online although not cheaper as such but £10.95 with accidental damage, would of done the cashback but that was building&contents but I rent so that was out the window.

BugsyBrowne

Just wondered if you can help me on this, does the lloyds balance update everyday or after so many hours as my balance is wrong as I've spent on shopping and diesel within the last few hours.

MoneySaverLog

It's most likely a offline card so in terms of petrol I know it reserves a pound on your available balance and then takes the remaining after a day or two. Could be the same with shopping but I would have thought there was a online terminal that gets authorisation at point of sale there.

BugsyBrowne

MoneySaverLog wrote: »

It's most likely a offline card so in terms of petrol I know it reserves a pound on your available balance and then takes the remaining after a day or two. Could be the same with shopping but I would have thought there was a online terminal that gets authorisation at point of sale there.

I see just thought when used, the balance would automatically lower when you use it, its not a problem though.

MoneySaverLog

That would actually be easier but no, mine does not take the money straight away either, it just reserves it for a while from your available balance.