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Topic starter
18/05/2016 12:39 pm
This may have been mentioned before however here is my experience.. I have been out of Trust Deed for 4 years, all my credit file scores are in the excellent range and no adverse entries. I have lived at the same address for 20+ years, bank a monthly salary of over £3k (low outgoings) and with the same bank (never been overdrawn) for 7 years. Surely my bank will give me a credit card to replace my current one which is within limit and paid off monthly (only changing as twice they forgot to take full payment and I had to call them).
Bank says no, I called asked (sorry credit file information, usual excuses) now finally after much research I know why. My bank, Lloyds TSB, place a note on your file if you join them with any adverse credit information called a CPD (Credit Product Decline) which stays on your file FOREVER. When this is on your file they do not even search the CRA's they automatically decline. 7 years wasted trying to build a relationship with them, I have appealed their decision, explained my circumstances but the CPD remains. You would think the ICO would not allow this sort of blanket refusal to exist but it really does for at least one bank!
jockdock
18/05/2016 1:01 pm
Hi Jockdock
Someone I know had a similar experience with another bank.
It will be infuriating. I guess it is their right to accept or decline a customer. If they are referring to their own files I would hope that no search appears on your Credit file.
You can check which credit cards are owned by which institutions and perhaps apply for a card not associated with your bank. There are some good deal out there! It is also helpful to know who you can transfer balances from-to.
I did a google search and got a list easily from uswitch.
Search "who owns your credit card".
Good luck!
18/05/2016 1:38 pm
Hi jockdock.
Just to confirm, you're saying this bank put this marker on their own records for you rather than placing a public marker on your credit file?
Qualified Debt Adviser & Forum Administrator - Ask me anything about Trust Deeds 
Topic starter
18/05/2016 8:04 pm
Yes, it is an internal note that basically excludes you from all credit applications with them. Seems really unfair that they can do this without informing you and the lie and tell you that it is because of your credit file.
jockdock
18/05/2016 10:04 pm
I'd totally agree that transparency and fairness is very important jockdock.
Lenders do have the right to keep their own records and to implement their own lending criteria though.
It is important that other readers of this thread understand that there is no general credit blacklist (other than perhaps for those caught out making fraudulent applications - lenders share data on that).
Qualified Debt Adviser & Forum Administrator - Ask me anything about Trust Deeds
19/05/2016 11:28 am
That's interesting information, jockdock.
I suppose you are now seeking to change bank - hopefully you will have a better outcome there with your excellent credit record. The other bank's loss in the end...
Scottish Debt Solutions Expert - Ask me for help setting up a Scottish Trust Deed or Debt Arrangement Scheme plan.
