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Scottish Trust Deed Forum
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Topic starter
18/10/2012 11:37 am
Hi, Since finishing our trust deed in April 2011 we have been managing our finances really well, so we decided to have a look at our credit reference file. We have discovered that there are two creditor on their showing default which as i understand it should be there and showing that the account was in default but ins now satisfied but it doesn't show that. One of the companies is a company called asset link, who, as i understand it took over the debt from GE Money/First National, should they still be chasing us for payment as we still get debt letters from them and GE Money were one of the companies we added to our trust deed.
We are confused and not sure what to do.
18/10/2012 12:28 pm
Welcome to Trust-Deed.co.uk denise2598.
Congratulations on completing your protected trust deed. It's good to hear that your finances are now sound having completed the process.
You are correct that default notices should be marked as being satisfied or partially satisfied. They should also be dated no later than the start of your trust deed.
Every unsecured debt that existed on the date that your trust deeds were signed was covered by it, whether you included them or not (the Edinburgh Gazette advert exists to notify creditors that might have been forgotten).
Therefore, if these debts existed then, they no longer do. You shouldn't pay them a penny as nothing is due to them.
Your credit file should reflect that according to data protection principles.
All of these topics are covered further at:
Qualified Debt Adviser & Forum Administrator - Ask me anything about Trust Deeds 
Topic starter
18/10/2012 3:32 pm
Many Thanks for this i will look at the links and take things from there and once we have resolved this we will come back and update the forum, just in case anyone else finds this problem.
18/10/2012 4:36 pm
That would be great denise2598.
I'm sure that you'll get this sorted out soon enough and it would be great to hear how you get on with it.
Qualified Debt Adviser & Forum Administrator - Ask me anything about Trust Deeds
