Lloyds CPD marker automatically drops off ?

gettingthere28

I had credit problems in the past (4 Defaults) and Lloyds were the only bank that would give me a classic account (I now have a premier account), but I never get any offers etc, the branch told me a year ago that I had CPD99 and this would mean I would never get offered a credit card, overdraft etc.

Now following a bereavement and inheritance I have healthy balances with Lloyds and have managed my old credit problems. These defaults will have dropped off my credit report early next year, but will the CPD marker then automatically drop off or will I have to write to them enclosing all my credit reports to show that I am now 'Clean' ?.

I know they get a monthly CRA feed so when the defaults vanish will the revised feed with no defaults on it remove the CPD marker or am I stuck with it for life now ?.

I know I could ask the branch staff but I am not sure that they would know what I was on about !.

izools

I had a CPD marker on my account with LTSB for ~ 18 months.

Then one day my OD limit all of a sudden increased from £150 to £3,000 - the CPD had disappeared.

Thing is the six defaults and discharged BR order were still on my credit file, and still are to this day.

Think it has as much to do with accuont conduct with them as it does your credit file, but as I found out at the time, theres' next to no rhyme or reason to Lloyds' use of the CPD marker.

And whilst the branch staff may proclaim to know what you're on about, the reality of the situation is that they actually would know little more than you, they'd just be able to guess more innovatively.

Cash_Flow

gettingthere28 wrote: »

I had credit problems in the past (4 Defaults) and Lloyds were the only bank that would give me a classic account (I now have a premier account), but I never get any offers etc, the branch told me a year ago that I had CPD99 and this would mean I would never get offered a credit card, overdraft etc.

Now following a bereavement and inheritance I have healthy balances with Lloyds and have managed my old credit problems. These defaults will have dropped off my credit report early next year, but will the CPD marker then automatically drop off or will I have to write to them enclosing all my credit reports to show that I am now 'Clean' ?.

I know they get a monthly CRA feed so when the defaults vanish will the revised feed with no defaults on it remove the CPD marker or am I stuck with it for life now ?.

I know I could ask the branch staff but I am not sure that they would know what I was on about !.

CPD reviewed 12 months from the date it is applied to your customer profile.

MoneySaverLog

How do you know if a CPD marker has been put on your accounts, can you ask and are Lloyds under a obligation to tell you?

gettingthere28

Cash_Flow wrote: »

CPD reviewed 12 months from the date it is applied to your customer profile.

I have had my account since October 2008 and the CPD is still there, so if it is reviewed every 12 months that would mean by October next year I would be clear as the defaults would be off by then ?.

gettingthere28

MoneySaverLog wrote: »

How do you know if a CPD marker has been put on your accounts, can you ask and are Lloyds under a obligation to tell you?

I seen it on the screen when I opened the savings account, and the advisor explained it to me.

Cash_Flow

gettingthere28 wrote: »

I have had my account since October 2008 and the CPD is still there, so if it is reviewed every 12 months that would mean by October next year I would be clear as the defaults would be off by then ?.

Depends on how the rest of your credit file looks.

gettingthere28

Cash_Flow wrote: »

Depends on how the rest of your credit file looks.

After the defaults drop off it will be perfect, Credit Card, Mobile phone contract, bank accounts etc, all run perfect no lates, over limits etc.

Cash_Flow

gettingthere28 wrote: »

After the defaults drop off it will be perfect, Credit Card, Mobile phone contract, bank accounts etc, all run perfect no lates, over limits etc.

All being well the CPD marker should be removed in October 2012 - one word of warning though don't use your current account for gambling.

stclair

When Lloyds place a CPD marker on an account is it done as manual intervention or is done automatically by the system?

izools

stclair wrote: »

When Lloyds place a CPD marker on an account is it done as Manuel intervention or is done automatically by the system?

Automated. The neural-net credit scoring employed by LTSB is somewhat a dark horse - there seems to be no one capable of manually intravening or explaining (beyond the use of guesswork) why things happen.

Believe me, when I was with them I followed all routes fathomable, and then some. Their inability to answer the simplest questions about this sort of thing by any means other than holding a seance is what prompted me to leave them.

HSBC are very up front about the whole thing.

Applied oct. last year, called them up when I was approved, they said I could have a £1,000 OD which I took and was applied.

Now they are able to tell me my lending limits for each product and account behaviour score, what they take in to account, chances of approval, etc.

LTSB, however, and this is really weird, advised me early last year I had pre-approved limits set for Overdraft (£1,750 at the time), Credit Card (£3,800 at the time) and Loan (Can't remember the amount) - but that they couldn't provide any of the products because of the CPD.

So what is it, do I have pre approved limits or am I pre-declined? Seemed to be both. To hell with them...