I think the trust deed falls off at the 6 year mark and automatically updates. You can ensure that their are no wrong defaults pending and that everything is saying satisfied or partially satisfied. I’m sure their will be more advice to follow. I have just received form 6 this month and my 6 year since signing is in December this year 2018. I recently obtained car finance and was acceted for the normal offer on pcp our family car was really needed an update so that has given us a boost. Good luck xxx

Hi Lesley,

This is a very broad topic because there are so many factors involved.

The trust deed entry itself will go from your credit file six years after it began.

Lenders can ask you about your credit history beyond a six year point even if it no longer appears on your credit file in their application processes. Many don't though.

There's some useful information here:

https://www.trust-deed.co.uk/repair-your-credit-rating.html

you can get free services for credit reports to check your data

Clearscore = Equfax
MSE Credit Club = Experian
Noddle = Call credit

The dates of all your accounts are important. Make sure every default date is the same as the day you signed your PTD
Make sure all of your default accounts are marked as settled or partially settled from the date you were discharged.

You can write to each of your creditors to amend as necessary and if they don't you can complain to the ICO https://ico.org.uk/your-data-matters/credit/

everything will then come off on the 6 year anniversary and you should be good to go.

Thank you for that advice. I have already contacted the credit agencies and made complaints to a couple of companies who were showing my default date as incorrect and also they had not updated that my account was "partially satisfied" or "satisfied". Since my complaints they have updated the status of the account but there are "red dots" (defaults)showing from the just beforeI signed the Trust Deed right up until the complaint was rectified. This is what I am confused about, should the "red dots" have been stopped at the date I signed my Trust Deed?If I had not made any complaint then they would still be putting them on. I have complained again to them about this about a fortnight ago asking for the "red dots" to stop on the date of my signing the Trust Deed but I am not sure if I am correct in asking them to do this > To date I have heard nothing back from either company.

I'm also not sure whether these should be removed Lesley.

The accounts are in contractual arrears (and remain in arrears) until you are discharged from the trust deed and the debts.

It's the default notice date that's most important though, because that account (and any subsequent reporting about it) should vanish from your file six years after the date of issue.

I have already received my Form 5 and Form 6, and my six years from signing are up in December this year. The default notes appeared just before I signed the Trust Deed, this is what is confusing me. The accounts are showing as default all the way through my Trust Deed time and beyond my discharge date. My complaint was that their information was not reflecting that I had been discharged to show the accounts as partially satisfied or satisfied which they did rectify but only to the date of my complaint to them. I expected all the default notices to be removed back to the date of my signing the Trust Deed.Am I wrong to ask them to do this?

No - any default notices should be dated no later than when your trust deed began.

I don't believe that the accounts should continue to be marked with a default report each month after your discharge. You cannot continue to be in default once you've been discharged from your debts.

The settled/partially settled date should reflect the date YOU were discharged.

Don't worry about the red dots..... as long as your default date it not later than the date of you signing the PTD (Make sure you check both your open and closed accounts some sites providers like Clear Score have a toggle on the page you have to click to show them) then the accounts records should automatically come off your file six years from that date (as long as the accounts are now closed/settled/partially settled)

The closed/settled/partially settled dates should be the same as the date you were discharged which will be on your form 5. Remember make sure you check both your open and closed accounts.

If these dates are right you should have little problem getting credit. If you have no credit accounts open it is something you should think about as believe it or not that can actually improve your score too. Each of the three providers noted before act as brokers and they actually give you an assessment of how likely you are to be accepted by their list of lenders (some with credit builder options through credit cards, low balance but higher interest to use for like one purchase a month and pay off in full!).

If you have a mobile phone contract this helps with credit worthiness, if you don't and have a PAYG you can get a monthly SIM only for as little as £6 per month and this sometimes leaves a positive record on your file.

I know how frustrating it is but once your through you can get on with life. I was in the same position last year and I am now waiting to move into my new house with a mortgage from a high street lender. Even though I have my PTD behind me I still come here to try share from my experience, it's easy to worry about things like this (I was in a state BTW!) but if I were you, relax enjoy the summer. December will be a very exciting time for you!

Pingpong, thank you for your feedback.
I have opened a credit card and have had it for a few years now,and I have also got a mobile phone account, which I had before the Trust Deed was started.
I need to change my car in August as it was taken out as a contract hire under my son's name three years ago as I knew I wouldn't get accepted for credit. He has offered to do the same for me this time, but I would have liked to do this for myself, but as I am a few months short of the six years, which is due to be up in December, I am worried I would be declined so will probably take him up on his offer again.
I am in this sorry mess because of bad marriage choices and its a mess my ex-husband left me in, but I have conformed to everything that has been asked of me by the Trustee, who has been no help at all in giving me advice now that the Trust Deed is over. I just needed the advice of people who have completed the six years as I am so hoping that my credit record, which was impeccable before I was landed in this mess, goes back to what it was before. Sorry to rant on [:)]

Regarding car finance, it might be worth giving it a try you might be alright the worst that can happen is you will be declined in which case it sounds like you have a plan b.

Just get your credit records as good as they can be before hand