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Scottish Trust Deed Forum
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Topic starter
03/01/2015 6:33 pm
Well, after 3 years contributions and paying off the trustees interest in my equity (and several PPI claims [}:)]) ..I'm now awaiting the form (5?) that will see an end to it all.
If it wasn't for this forum and the professional advice given I'd still be in a very dark place, for those that are considering a TD and are concerned, it's not the end of the world, I never thought I'd see this day - and thanks to all those who help. A former advisor on this forum who has moved on was the person who helped me most..they know who they are.
Any advice on the next steps I should take? I'm aware the TD will still be on my file for another year.
03/01/2015 11:46 pm
Well done on reaching the very final stages leeper1974 and thank you for your kind words.
In terms of your question, I guess this is primarily related to your credit report?
Qualified Debt Adviser & Forum Administrator - Ask me anything about Trust Deeds 
Topic starter
04/01/2015 9:38 am
Yes, is there any action I should take?
04/01/2015 10:40 am
Hi there.
It's a bit of a waiting game right now.
Once you have your Form 5 you'll need to give your creditors at least a month or so to update your credit report.
After that time obtain a copy and see if you think it has all been updated. Let us know if it hasn't or anything on there is confusing.
Qualified Debt Adviser & Forum Administrator - Ask me anything about Trust Deeds
Topic starter
04/01/2015 1:15 pm
Thanks for the advice [:)]
06/01/2015 1:09 pm
I was discharged in early December and I'll work on confirming my creditors mark the debts as cleared. However, will my credit be updated to state satisfactory or will it still remain as defaulted?
06/01/2015 2:32 pm
Welcome to the forum TDFree-1989.
Congratulations on completing your trust deed.
Default notices should probably be marked as being "partially satisfied" upon your discharge. In reality many creditors simply mark them as being "satisfied".
You may need to "encourage" some of the lenders to get this done.
Qualified Debt Adviser & Forum Administrator - Ask me anything about Trust Deeds
Topic starter
01/02/2015 5:30 pm
Checked the AIB website and it now says 28 January Date of Debtor discharge 🙂 Just waiting on the form 5 now...
01/02/2015 5:41 pm
That's great leeper1974.
That's the official recognition when it's registered on that site.
Qualified Debt Adviser & Forum Administrator - Ask me anything about Trust Deeds
Topic starter
01/02/2015 5:46 pm
🙂
02/02/2015 8:57 am
Hi leeper1974,
Well done on successfully completing your Trust Deed and receiving your discharge. It's a good way to start 2015! Enjoy being debt free and the extra money per month!
David is not currently posting in the Trust-Deed.co.uk forum
02/02/2015 9:41 am
Great news, well done leeper1974
Scottish Debt Solutions Expert - Ask me for help setting up a Scottish Trust Deed or Debt Arrangement Scheme plan.
Topic starter
02/02/2015 6:41 pm
Thanks everyone -the 5 years have really flown by
03/02/2015 11:59 am
It's amazing how often we hear that!
Scottish Debt Solutions Expert - Ask me for help setting up a Scottish Trust Deed or Debt Arrangement Scheme plan.
Topic starter
17/02/2015 7:24 pm
Just had confirmation on the AIB site that my Trustee was also discharged on 12 Feb 🙂
Whoop!!
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