What's your Lloyds internal score?

iAMaLONDONER

I went into branch today and I was told my score was 3I

Apparently 'I' means that I can't be given any more credit from lloyds-however this didn't stop me from opening a Vantage account without an OD.

From what I gather 3 isn't too bad if the scale really is 1-9 then 98 &99?!

Paul_B.

I didn't think a bank or any financial institution would be keen on telling you what your internal credit score was! I thought this stuff would be kept under wraps, I don't think I've ever seen mine in any branch dealings I've had with RBS or Santander.

MoneySaverLog

Lloyds will tell you your internal score in branch when they invite you to a financial review, sorry mean sales meeting. It helps with the sell if it's a good score.

What they won't tell you is how the score is made up, or what their lending criteria is which makes up a score. Each credit product is probably scored differently too, so you may be ok for a credit card but not a loan or mortgage.

iAMaLONDONER

Paul_B. wrote: »

I didn't think a bank or any financial institution would be keen on telling you what your internal credit score was! I thought this stuff would be kept under wraps, I don't think I've ever seen mine in any branch dealings I've had with RBS or Santander.

If you don't ask you don't get!

It's rather well known that Lloyds and HSBC have score's for their customers

http://www.theguardian.com/money/2006/aug/19/accounts.saving1

http://www.theguardian.com/money/2006/aug/19/accounts.saving

iAMaLONDONER

MoneySaverLog wrote: »

Lloyds will tell you your internal score in branch when they invite you to a financial review, sorry mean sales meeting. It helps with the sell if it's a good score.

What they won't tell you is how the score is made up, or what their lending criteria is which makes up a score. Each credit product is probably scored differently too, so you may be ok for a credit card but not a loan or mortgage.

However they will most likely refuse to tell you over the phone!

YorkshireBoy

Mine's 1A (or it was last year the last time they showed me on screen), which generates lots of guaranteed credit card offers and decent limits.

iAMaLONDONER

YorkshireBoy wrote: »

Mine's 1A (or it was last year the last time they showed me on screen), which generates lots of guaranteed credit card offers and decent limits.

Do you know what other letters they use I mean I have an 'I' is there a letter scale of say 'A-I' or something?

MoneySaverLog

The letters relate to loan rates I believe. A will give you the best rate. No idea in the alphabet where it finishes, it may vary.

1-9 are your behaviour score 1 being the best
98,99 I believe are cash card accounts

There is also a CPD marker which is Credit Policy Decline that stops any application made where the marker exists

iAMaLONDONER

MoneySaverLog wrote: »

The letters relate to loan rates I believe. A will give you the best rate. No idea in the alphabet where it finishes, it may vary.

1-9 are your behaviour score 1 being the best
98,99 I believe are cash card accounts

There is also a CPD marker which is Credit Policy Decline that stops any application made where the marker exists

Interesting as I have a student CC with an APR at 19.9% which isn't too bad (though I use it as a charge card and hence never pay interest!)

BMN

MoneySaverLog wrote: »

The letters relate to loan rates I believe.

Correct

MoneySaverLog wrote: »

A will give you the best rate.

Sort of correct - the rate is also determined by other factors

MoneySaverLog wrote: »

1-9 are your behaviour score 1 being the best

Correct

MoneySaverLog wrote: »

98,99 I believe are cash card accounts

Correct

MoneySaverLog wrote: »

There is also a CPD marker which is Credit Policy Decline

Incorrect - it's not a marker which is applied to your account

CherlokHomes

. A will give you the best rate.

Yes correct

1-9 are your behaviour score 1 being the best

Yes correct

98,99 I believe are cash card accounts

Yes and No as current accounts can be applied with a 98

There is also a CPD marker which is Credit Policy Decline

Correct it says credit policy decline on the screens if it's applied to an account