Building internal rating with Natwest, Lloyds TSB and Nationwide

Estj87

All,

Sorry if I'm putting across some silly questions and points here, just need some advice.

A year ago, I was only elegible for a cash account with Lloyds, and no accounts with any other bank (I tried!) - instant declines.

To my knowledge I now have an 'OK' rating internally with Lloyds TSB. I have a Silver account with them now, but no credit at such (no overdraft, credit card, etc). I've had a few conversations with Lloyds TSB staff who have said I run my account impeccably, paying in a lot each month and not overspending.

I have recently been accepted for a Natwest Select account (no credit facilities), and Nationwide Flex account (again, no credit facilities.)

What I was thinking is, to improve my internal scores with each bank for future planning, would it be beneficial to have my salary (let's say £2200) in to my Natwest account, transfer £2100 into my Nationwide account, then £2000 into my Lloyds account?

This way, Natwest and Nationwide will increase by £100 each month (no spending), and I can use my Lloyds account for every day purchases.

Don't know if this would help improve internal scores (and maybe CRA score?) It's all a bit of a mine field for me really!

Thanks in advance.

Estj87

Just to add, I do have a few defaults from a stupid phase a few years ago and 1 satisfied CCJ.

jon142

LLOYDS TSB;

Lloyds TSB have an internal rating of bands 1-9 1 being excellent 9 being awful.

They have a loan indicator score of A - G same as above.

Lloyds have 3 markers;

Credit Policy Decline - if you have defaults and CCJs no doubt you will have this marker.

CPD99 - as above but worse.

Level Of indebtness - too much credit in your name.

If you have defaults and CCJs I'm 99% sure you will have CPD ( CREDIT POLICY DECLINE ) against your name. For lending. You can appeal any decision from lloyds by writing to the PLD team in Brighton.

I have replyed to your post because I had a decision over turned today for a credit card. I have CPD against my name. But they over turned the decision because I am a risk band 3 customer and run my account well, I don't have defaults or anything just an arrwngment from MBNA 2 years ago.

All I can say is keep up the good work. I hope this post explains some of lloyds internal processes.

Lloyds also keep. Record of how much money flows through your account each month so your transferring trick is a good idea.

Ask in branch for a review of your account they will tell you your internal score.

coldhandoff

Havings savings with the bank will help internal pre assessments from what i've seen.

Rupert_Bear

I had occasion to visit a Lloydstsb branch yesterday to pay in a cheque. However I was advised I had a tip top rating. When I enquired the cashier said it was 1 and a top rating for a personal loan. However I advised I did not require any borrowings but I have found sometimes they tend to be so pushy.

Also I never asked her about my rating but I think the cashier was hoping i would take out another product.