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Scottish Trust Deed Forum
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Topic starter
06/01/2012 6:24 pm
I'm looking for some advice regarding my credit report.
I was discharged from a PTD in May last year and on my credit report some of my lenders are showing as default and then showing a balance owed.
Does this stay like this or should they now be showing as satisfied?
My big problem is that if they should be showing as satisfied I no longer have details of an account number as I shredded them all to mark my fresh start.
Any advice would be appreciated!
[:)]
06/01/2012 7:24 pm
Hi melaniec.
If they have received a dividend most creditors will mark your credit file default notices as being "satisfied" once you are discharged from a trust deed.
They don't have to though; because only part of the debt has generally been repaid they can mark the default notice as being "part satisfied" if they wish.
Not all lenders do this automatically I'm afraid. You may need to chase some of them up yourself (it isn't anything that your trust deed firm would have had any involvement in doing as part of the work they did for you).
Much more on this subject in the following article:
http://www.trust-deed.co.uk/news/defaultnoticesandyourtrustdeed.php
Qualified Debt Adviser & Forum Administrator - Ask me anything about Trust Deeds 
