Declined a credit card at Lloyds TSB

stclair

jonesMUFCforever wrote: »

.............but they have not updated their credit basis and will not do so now until about the middle of next month?

Do they update there credit basis around the same time every month?

MoneySaverLog

I was told to re-apply on the 16th so guess they do the updates then. Might wait for a offer to appear in online banking though or wait until May to be sure :-)

stclair

MoneySaverLog wrote: »

I was told to re-apply on the 16th so guess they do the updates then. Might wait for a offer to appear in online banking though or wait until May to be sure :-)

Thats good to know ive started using my lloyds account this month after nearly 2 years.. Ill see what they offer me in the way of lending over the coming months.

Saints2011

If the account is new they need 6 months of account history, everyone starts on a 6 but this can change after the second month but you will not be pre approved for anything.

Credit poilcy decline / level of indebtedness / credit
Bureau data etc all come from the monthly feed Lloyds get.

Its usually around the 20th the same day as Lloyds / Halifax / BOS get paid its usually the day after (depending on weekends etc)

stclair

Saints2011 wrote: »

If the account is new they need 6 months of account history, everyone starts on a 6 but this can change after the second month but you will not be pre approved for anything.

Credit poilcy decline / level of indebtedness / credit
Bureau data etc all come from the monthly feed Lloyds get.

Its usually around the 20th the same day as Lloyds / Halifax / BOS get paid its usually the day after (depending on weekends etc)

Which CRA do Lloyds use for there monthly feed data?

Ben8282

Experian I think

MoneySaverLog

I've had various accounts starting with TSB which my dad opened when I was born. I was 14 when I opened my first current account with them and that has always been in good order internally. So that's 28 years of data if they retain all that current account data, more if they want to go back on really, really old account data :-)

Yes they asked for a copy of the Experian Credit Report, but it did not help and was just told to reapply on the 16th April. Given the wide variances on this date I'm going to leave it until May and check back with the branch to ensure nothing else has changed as a result of applying too early.

stclair

If you can get hold off a Lloyds TSB credit scoring leaflet there is an address on the back where you can appeal lending decisions.

UPDATE:

The address is:

Personal Lending Department
Secured and Specialist Lending
New England Street
Brighton
East Sussex
BN1 4GU

Saints2011

stclair wrote: »

Which CRA do Lloyds use for there monthly feed data?

All three are used but for the monthly feed Experian only.

MoneySaverLog

No actual search footprint appears on the credit file though with Lloyds it's as though they never even carried out a credit search at the CRA.