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Scottish Trust Deed Forum
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Topic starter
07/02/2011 8:18 pm
Hi there,
I'm getting towards the end of my trust deed (Dec this year) and am looking on how to go forward from there. I've been really lucky that my car has lasted through my financial mistakes but I'm going to have to replace it next year. I don't have savings so will need to get finance. After reading that I should clean up my credit file, I checked it on equifax and experian. Both show I have a good credit rating - totally confused.
My questions are:
What is the likelyhood of getting finance? I'm terrified of going somewhere and being refused.
What are the bad credit companies like to deal with?
My intention is to start saving the money I pay to my trust deed but I need another option incase my car gets to beyond repairable.
Thanks for any help I may get.
Gillian
Nothing left to discharge - everything's done and dusted!
07/02/2011 9:12 pm
Hello gillian and welcome to the trust deed forum.
I'm really pleased to hear that your credit rating seems reasonable in spite of your trust deed. This is a little unusual but would appear to be good news for you.
It's really hard to speculate on whether you will be able to obtain finance. We often hear from visitors to the forum that one company was very happy to lend to them while another turned them down.
It would be great if another reader or member of the forum could share any experience they had with specific sources of car finance after the conclusion of their trust deed.
You may have read it already, but in case you have not there is some information about rebuilding your credit status after a trust deed at:
Qualified Debt Adviser & Forum Administrator - Ask me anything about Trust Deeds 
