Lloyds

Tatmus85

Has anyone had issues waiting for Lloyd’s to update their credit file? I’m waiting on them updating a settled loan and card and they’re not being quick about it.

[Deleted User]

There's a bit of a bug going round at the moment, and there are delays to CRA updates.

Fletcher86

Lenders are having to put a lot of work into amending files to account for payment freezes etc. The system was never designed to deal with these scenarios so it is causing delays.

Emzlyz

I'm having the same issue with Halifax. First they said they would be sending the data at the end of June, then I was told last week that they had asked for the data to be sent, today I've been told that it's just an industry wide delay and there's nothing that can be done. My Halifax cc hasn't updated on experian since May 10th and I paid off a chunk of it on May 11th so I could get a mortgage. 
I understand that they are busy but all my other accounts have updated monthly throughout, it's just Halifax that hasn't. 

foxy-stoat

Do you need them to update a settled loan?  If not, then chill out, they will get around to it.

D3xt3r5L4b

Emzlyz said:

I'm having the same issue with Halifax. First they said they would be sending the data at the end of June, then I was told last week that they had asked for the data to be sent, today I've been told that it's just an industry wide delay and there's nothing that can be done. My Halifax cc hasn't updated on experian since May 10th and I paid off a chunk of it on May 11th so I could get a mortgage. 
I understand that they are busy but all my other accounts have updated monthly throughout, it's just Halifax that hasn't. 

What's the rush to get it done?

Emzlyz

D3xt3r5L4b said:

Emzlyz said:

I'm having the same issue with Halifax. First they said they would be sending the data at the end of June, then I was told last week that they had asked for the data to be sent, today I've been told that it's just an industry wide delay and there's nothing that can be done. My Halifax cc hasn't updated on experian since May 10th and I paid off a chunk of it on May 11th so I could get a mortgage. 
I understand that they are busy but all my other accounts have updated monthly throughout, it's just Halifax that hasn't. 

What's the rush to get it done?

I'm buying a house, the mortgage lender wants to do an updated credit check as it's been a few months since the original credit check (application was put on hold due to lockdown), they asked me to pay off some of my credit and currently my report doesn't back this up. I've provided the lender with statements to prove my current outstanding balance but last month that wasn't enough to approve my mortgage. 

D3xt3r5L4b

Any decent lender or broker will accept physical proof it’s been paid off.
Sounds like you need a better broker or speak to someone else on their lending team. 

Emzlyz

D3xt3r5L4b said:

Any decent lender or broker will accept physical proof it’s been paid off.
Sounds like you need a better broker or speak to someone else on their lending team. 

I agree I need a better broker but right now I have no other option. I applied precovid for 95 LTV, until they come back to the market this application is my only option as I can't raise another 10-15k.