Hi bl1985.

I thought someone had answered this previously on another topic that you'd contributed to.

Normally your entry would be removed from the register one year after trustee discharge. I therefore assume, if your trustee was discharged more than a year ago, that the AIB might remove your entry from the public register at the same time as they update everything. You should check this with them though.

Will the AIB keep permanent records? I'd assume so - you'd have to check with them - but they're not public records.

I'd assume that your trust deed was "advertised" in the Edinburgh Gazette given that you started this a fair while ago (it's changed now). I'm afraid that I believe this to be a permanent record and can be searched online.

Will banks keep their own records of old insolvencies? Quite possibly - though if/how they use this information when an application for credit is received is a matter for them.

Can any lender ask you whether you've ever been insolvent when you make an application for credit? Yes, and you'd be obligated to answer honestly irrespective of whether it's on your credit record any longer. How would they use this information? It will vary from lender to lender.

Hi bl1985,

In terms of the Register of Insolvencies (ROI), your details will remain on there for 1 year following your Trustees discharge. After the 1 year your debts will fall off of this.

If you are 6 years from the start of your Trust Deed and your Trustee has been discharged then your details should not be on the Register of Insolvencies.

When it comes to mortgages lenders will consider a number things such as credit status, level of deposit, income, affordability and past Insolvencies.

quote:

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Originally posted by TDA (Debt Adviser)
[br]Hi bl1985.

I thought someone had answered this previously on another topic that you'd contributed to.

Normally your entry would be removed from the register one year after trustee discharge. I therefore assume, if your trustee was discharged more than a year ago, that the AIB might remove your entry from the public register at the same time as they update everything. You should check this with them though.

Will the AIB keep permanent records? I'd assume so - you'd have to check with them - but they're not public records.

I'd assume that your trust deed was "advertised" in the Edinburgh Gazette given that you started this a fair while ago (it's changed now). I'm afraid that I believe this to be a permanent record and can be searched online.

Will banks keep their own records of old insolvencies? Quite possibly - though if/how they use this information when an application for credit is received is a matter for them.

Can any lender ask you whether you've ever been insolvent when you make an application for credit? Yes, and you'd be obligated to answer honestly irrespective of whether it's on your credit record any longer. How would they use this information? It will vary from lender to lender.

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Thanks for the help and information.

Yes it was advertised in the Edinburgh Gazette .

As for being obliged to tell them, I understand and am always upfront and honest but if the questions aren't asked I would certainly refrain from putting that information on the table, is this being dishonest? I certainly don't think so.

Neither do I bl1985.

Lenders are free to ask whatever they wish (within reason obviously).

We're simply obliged to honestly provide them with that information.