Trivial question about Lloyds TSB online for those who have it

BugsyBrowne

MoneySaverLog wrote: »

On entering the details, it said no search footprint would be left. I did not get as far as selecting which loan I wanted, it gave a few options, as I did not want to proceed any further.

Same with the increase in overdraft from 1K to 2K, no live external search was done. Checked Call Credit this morning and nothing is showing from Lloyds TSB.

Lloyds have a monthly feed from the CRA which is separate to the internal scores. So no need for them to do a external search I guess they can approve on what they know / account conduct.

When you say it said no footprint I am 99% sure that means your loan quote will not leave a search and not the actual loan application.

BugsyBrowne

Is says on their loan questions.

All customers that meet the eligibility criteria are entitled to apply for a LTSB loan. Lloyds TSB completes a credit search for each new application made to enable us to give a credit decision.

MoneySaverLog

I did not go any further than have the list of loan options appear, does that appear after selecting a option?

Just clicked on loans on online banking and this is what it says...

Get your personalised quote

• A wide range of borrowing to help you manage your money. Choose to borrow between £1,000 and £25,000 over 1 - 7 years.
• Instant money.
• A personalised quote that leaves no credit footprint.
• Flexible repayment options.

BugsyBrowne

MoneySaverLog wrote: »

I did not go any further than have the list of loan options appear, does that appear after selecting a option?

Just clicked on loans on online banking and this is what it says...

Get your personalised quote

• A wide range of borrowing to help you manage your money. Choose to borrow between £1,000 and £25,000 over 1 - 7 years.
• Instant money.
• A personalised quote that leaves no credit footprint.
• Flexible repayment options.

Exactly personal loan quote which means it will defiantly search the CRA's for any other credit commitments if you hit the select or apply.

I dear not press select incase it actually credit search me when I don't even want a loan.

BugsyBrowne

Found it.

We’ll be able to quickly give you a personalised quote using the information we already hold which means we won’t have to carry out a credit check until you decide which loan is right for you.

We’ll tell you how much your loan could cost and how much you’ll have to pay each month before you apply.

MoneySaverLog

So I will be ok. I did not go any further than getting a list of personal loan options over varying amounts of time. I chose 10K over 48 months initially to compare what was on the quote with the sites representative APR to see how I compared.

I went as far as you by looks of it, so no search would appear.

BugsyBrowne

MoneySaverLog wrote: »

So I will be ok. I did not go any further than getting a list of personal loan options over varying amounts of time. I chose 10K over 48 months initially to compare what was on the quote with the sites representative APR to see how I compared.

I went as far as you by looks of it, so no search would appear.

Yeah you just had the soft quote done and pretty sure if you press select then it would come up apply.

Saints2011

To be honest I've done it lots I'm yet too see any soft search on any of the CRA's reports.

I have even applied in the past for two loans, no credit search done on both times, lucky. (both paid off in 6months of opening).

BugsyBrowne

Saints2011 wrote: »

To be honest I've done it lots I'm yet too see any soft search on any of the CRA's reports.

I have even applied in the past for two loans, no credit search done on both times, lucky. (both paid off in 6months of opening).

You won't see lloyds soft search on any of the CRA's as the soft search is based purely on your own lloyds account to work out your APR and if you decide to go ahead with the loan that's when the credit search to the CRA will happen.

MoneySaverLog

Saints2011 wrote: »

I have even applied in the past for two loans, no credit search done on both times

BugsyBrowne wrote: »

if you decide to go ahead with the loan that's when the credit search to the CRA will happen.

Seems contradictory.