Posted: Sat Feb 28, 2015 12:23 am
Hi,
I just wanted to let you all know I was was in an iva which finished a couple of years ago and I received my CC around July 2013. I was previously with Lloyds however, unfortunately they became a creditor so had my account taken away from me.
In December last year I spoke to a Lloyds manager who was asking if I needed any assistance, we started chatting and spoke about my previous iva I explained I missed banking with them etc. she told me that she sees no reason why I wouldn't now get an account on the provision that my credit files are completely clear (which they are).. and have had other credit since my iva. Also I didn't want to run the risk of having any unnecessary credit searches done just as I was getting back on my feet.
I decided to wait a little longer to apply and 3 weeks ago I took the plunge after speaking to her yet again and applied, er.. computer said NO!.. They offered me a card cash account but nothing else which was disappointing I was then told that if I used my account correctly then my account would be reviewed on a monthly basis. this seemed fair enough as of course I was now a "brand new" customer and would do my best to keep everything in excellent order and waited eagerly for my card and pin which I then realised it was taking a while so popped in to another branch of Lloyds to get an update.. I was advised that no card or pin had been ordered (which they rectified there and then) by which time I was very annoyed (especially as I had already deposited over £500 into the account)
As it happened I was talking to another lady who was very nice and chatty etc and I explained I was glad to be a customer of theirs once again and that I planned to use my account well and hoped to get an upgrade within a few months to the new club Lloyds account which pays 5% interest. she immediately told me that if you have defaulted with an Iva or bankruptcy you will NEVER EVER be allowed to have anything more than a basic card cash account.
I came home and called the first manager from the other branch and asked her about this for assurance she actually wasn't even aware of this so said she would have to make some enquiries and call me back which she did and explained exactly what I had feared. apparently it is Lloyds policy that once you have had any issues as I said before then you will NEVER be allowed anything more than a card cash account ever again!!.
I just thought I should share this information with you all as now I feel that I could have tried a different bank if I had been aware of this in the first place and now my credit score has dropped significantly.
I appreciate some people will be happy with a simple card cash account however, I would have eventually liked a full current account.
This account now seems pointless as it pays no interest at all so I may just close it down and feel has been a waste of a credit check.
Like I say, I just wanted to make people aware of this as I know how I have looked on this amazing site for so much feedback over the years.
If anyone else has been successful with Lloyds before and after an iva it might be nice to hear from you.
I just wanted to let you all know I was was in an iva which finished a couple of years ago and I received my CC around July 2013. I was previously with Lloyds however, unfortunately they became a creditor so had my account taken away from me.
In December last year I spoke to a Lloyds manager who was asking if I needed any assistance, we started chatting and spoke about my previous iva I explained I missed banking with them etc. she told me that she sees no reason why I wouldn't now get an account on the provision that my credit files are completely clear (which they are).. and have had other credit since my iva. Also I didn't want to run the risk of having any unnecessary credit searches done just as I was getting back on my feet.
I decided to wait a little longer to apply and 3 weeks ago I took the plunge after speaking to her yet again and applied, er.. computer said NO!.. They offered me a card cash account but nothing else which was disappointing I was then told that if I used my account correctly then my account would be reviewed on a monthly basis. this seemed fair enough as of course I was now a "brand new" customer and would do my best to keep everything in excellent order and waited eagerly for my card and pin which I then realised it was taking a while so popped in to another branch of Lloyds to get an update.. I was advised that no card or pin had been ordered (which they rectified there and then) by which time I was very annoyed (especially as I had already deposited over £500 into the account)
As it happened I was talking to another lady who was very nice and chatty etc and I explained I was glad to be a customer of theirs once again and that I planned to use my account well and hoped to get an upgrade within a few months to the new club Lloyds account which pays 5% interest. she immediately told me that if you have defaulted with an Iva or bankruptcy you will NEVER EVER be allowed to have anything more than a basic card cash account.
I came home and called the first manager from the other branch and asked her about this for assurance she actually wasn't even aware of this so said she would have to make some enquiries and call me back which she did and explained exactly what I had feared. apparently it is Lloyds policy that once you have had any issues as I said before then you will NEVER be allowed anything more than a card cash account ever again!!.
I just thought I should share this information with you all as now I feel that I could have tried a different bank if I had been aware of this in the first place and now my credit score has dropped significantly.
I appreciate some people will be happy with a simple card cash account however, I would have eventually liked a full current account.
This account now seems pointless as it pays no interest at all so I may just close it down and feel has been a waste of a credit check.
Like I say, I just wanted to make people aware of this as I know how I have looked on this amazing site for so much feedback over the years.
If anyone else has been successful with Lloyds before and after an iva it might be nice to hear from you.