Welcome to the forum jscobie.

As far as we're aware the trust deed will no longer appear on your credit report six years after it started. Any credit report entry stays there six years.

Unless a bank has retained their own records, or they go hunting around the Edinburgh Gazette website, they'd probably be unaware that this happened in your past.

The "falling off" shouldn't require any intervention from you.

I just worry that is not going to be that easy... Its been a long 6 years.

Does anyone have any personal experience of what has happened after their trust deed?

I think it will be that easy jscobie.

Hopefully someone with personal experience will share that with you soon.

It should be automatic, iscobie. Everything that is entered on your credit file disappears 6 years later.

Hi jscobie. Great news that you are so close to six years!

Your Trust Deed is one entry and will disappear after six years. Each creditor default is one entry.
The creditor default entry dates should match the Trust Deed Start Date (or very shortly after).

The only reason that a default should not automatically disappear at the same time as your Trust Deed is if the date differed.

Have you joined Noddle? It is free and you can check the default dates on each defaulted creditor. Mine varied with dates after the Trust Deed date so I contacted the creditors to have them aligned with the Trust Deed.

Some dates were within a month of the Trust Deed starting and so it is not worth the time and effort to try to get it corrected. It will just fall off six years after its own default date.

Hope that makes sense and that yours drop off close to the TD date.

Hi fire walker,
How easy it is to get the defaults aligned to the trust deed ? Some of mine were put on up yo a year later .

what if you have equity to pay off for say 2 years after trust started that would mean total of 8 years?

Eight years of what maverick267?

Any credit file entry should vanish around six years after it was added if this is what you're referring to (I think you are).

Hi goneunder

Sorry for delay in replying. I have just returned from holiday.

I think if it depends on who your creditors are. It took me from November to May in total. Some were easier to resolve than others.
Most of mine were within 3 months and one was around 6 months if I remember correctly.

I did find it a challenge to get to the correct department and to get them to change it. Determination does play off though so don't be put off. For me it took an average of 3 letters (all recorded delivery) to various addresses. Also several calls to find out the exact department, which I then wrote to. I found I had to be a bit of a detective and determined not to give up. Unfortunately, not one Data controller acknowledged or acted on my letters. In the end, it was mostly the department that deals with defaults that resolved it.

I found it a bit embarrassing having to speak to them directly since I was embarrassed that I had a Trust Deed, however, I just decided I would never see them and it was their job to get the date correct. I was always courteous to everyone I wrote to and spoke with.

I wrote a letter based on recommendations here and enclosed a copy of my Form 5. I stated what date they were showing and what date it should be and asked them to change it.

In the end I got them all to within one month of the correct date which was fine by me.

I know others have had fewer problems which is why I think it depends on your creditors.

Good luck with it. If I may suggest, from experience. Don't get too hung up on it (I did at the beginning). Realise you have time to follow through if you need to; and be determined to keep going and asking until you get to the right department. Oh, and most importantly, keep a record of the number you called, the date and time you called, who you spoke to and what was discussed. that did help when I called back.

Thanks fire walker
The defaults will be lifted next May . My bank couldn't give me a personal loan to pay off my equity because they were added so late by the companies .
Might take me til then though for them to do anything about it .

Hope you had a good holiday

Hi goneunder

I had a good week thank you. I am not sure how many of your defaults are out of synch. and if you have or are due to reach the 6 years 'drop off' point.

If it was entered almost a year after it means you have to wait 7 years for it to fall off.

I only had one that was 6 months later than the TD date. I started working on clearing it a year after I made my final payment. That gave me 2 years until the 6 year point to get them in line.

The other defaults were within a few months of the TD date but it still bugged me that it was not right and I wanted it off my record ASAP at the six years point.

If you only have one or two that are way beyond the TD date, you may like to give it a try so your defaults all fall off sooner. On the other hand, if it is not important to you financially (mortgage or loans etc. then you may wish to just wait the time out and let it clear in time). Each person's circumstances are similar but different.

Good luck.