Lloyds TSB - HSBC Accounts Query

DunPin

Hello,

Basically I have a Lloyds TSB Classic account and I want to make it more or less my bill paying account although I'd want to have it used in connection with applying for a credit rather than my current main account (due to the fact I have an overdraft that I keep exceeding due to the fact I never pay attention to how much I spend by debit card), when applying for credit they check out how much is going through the account right? so aside from the money going in for bills, I should transfer the additional £2,000pm (I get paid) into the account and then out again?

Does it matter if I transfer from HSBC to Lloyds back to HSBC then Lloyds one final time (only a final time if I haven't been paid in full for the month which happens quite a bit :mad: otherwise it would be the once)?

Is there anything wrong with transferring back and forth between two accounts or should I just leave Lloyds as a bill paying account that trying to make it a main account of sorts? :rotfl:

Cheers

The_pc_tech

They will look at your credit file as a whole so they will see the overdraft even if you use the bill account as the account you give the details for.

Gromitt

You have a 'global' credit report, plus a separate credit rating with most creditors.

So if you ask LTSB for credit it would be your LTSB Credit Rating and/or your credit report that gets checked.

If you asked MBNA, they wouldn't know or care how much you deposit into your LTSB account each month.

DunPin

Ah okay so it would only be helpful in regards to possibly getting a credit card/loan in the future with Lloyds but not an external credit card company.

Thank you guys

iAMaLONDONER

DunPin wrote: »

Hello,

Basically I have a Lloyds TSB Classic account and I want to make it more or less my bill paying account although I'd want to have it used in connection with applying for a credit rather than my current main account (due to the fact I have an overdraft that I keep exceeding due to the fact I never pay attention to how much I spend by debit card), when applying for credit they check out how much is going through the account right? so aside from the money going in for bills, I should transfer the additional £2,000pm (I get paid) into the account and then out again?

Does it matter if I transfer from HSBC to Lloyds back to HSBC then Lloyds one final time (only a final time if I haven't been paid in full for the month which happens quite a bit :mad: otherwise it would be the once)?

Is there anything wrong with transferring back and forth between two accounts or should I just leave Lloyds as a bill paying account that trying to make it a main account of sorts? :rotfl:

Cheers

Also there's nothing wrong with transferring funds between accounts multiple times.

MoneySaverLog

iAMaLONDONER wrote: »

Also there's nothing wrong with transferring funds between accounts multiple times.

Indeed I move the same £1,000 between 4 vantage accounts, Halifax and 3 nationwide accounts.

Nationwide insist on external funding so I end up doing

LTSB 1 > Naionwide 1
Nationwide 1 > LTSB 1

LTSB 1 > Naionwide 2
Nationwide 2 > LTSB 1

LTSB 1 > Naionwide 3
Nationwide 3 > My next account