LTSB Overdraft review coming up - need to do anything?

firsttimestudent

Hi, I was just looking through my Lloyds TSB Current Plus statements and it says there that my Overdraft will be reviewed on 29th May. Currently have a £200 facility.

I believe I've been using my account well (regular credits, never incurred any charges, in fact never utilized my £200 OD before) - will LTSB just renew it without me taking any action?

Or will they normally increase, or reduce the OD?

Will they actually perform an external credit search (Experian or Equifax) when they review my OD?

Thanks.


And ohh yea I'd like to ask 2 more things:
1) Will LTSB automatically review my credit card limit as well when they review my overdraft?

2) I've been getting lots of letters from LTSB about personal loans - the amount they offered in February to me was £4000, in March was £3000, and recently £2000 - I wont be getting the loans definitely, but wondering, is the 'decreasing' number anything for me to be concerned about?

anna42hmr

lloyds have never increaed/decreased my od limit at their annual reveiws for years, it has always remained the same for me, so it may stay the same.

i asked for it to be increased last summer whilst i was abroad for a few months for emergencies only, but never needed the increased element and so far they have not reduced it again