Lloyds Internal Credit Rating

markyp40

Hello


I went into the Lloyds branch today to see why I was unable to get a loan. They told me the following:


I have a risk rating of 5


I have an Indebtedness rating of 11


They would not tell me the range of the scales or any other information. Can anyone shed any light on this?


Thanks


Mark

The_Boss

Not really, as they could be any scale really and a high score could be high or low risk. But how much do you owe on Lloyds products and any other credit/overdraft limits? Also what is your salary?

These internal scores may or may not have been the reason you were declined. They may just be telling you this when the application wasn't scored highly enough. How much money did you want to borrow compared to your salary?

Thrugelmir

Only you know your current financial position and recent account history.

JamTE

From what I've read elsewhere, your internal Lloyds credit score runs from 1-9, with 1 being the highest. I hope this helps.