I just got credit for a car through Midland Car Credit.
Im paying a high rate, but still affordable.
I was also accepted by DSG via Peter Vardy, but they sold the car I was after whilst I was waiting on the acceptance

That's a pity maverick267.

You wouldn't have been discharged from your trust Deed until after the equity was paid off last April, so I guess maybe it was still a bit too soon for the card and the car.

Hi maverick267,

Sorry to hear that you were refused finance for a vehicle.

As Kevin has advised it might take a little longer for your credit to repair itself and start improving.

Have you looked at your credit report to see what it's like? You want to ensure that any default dates are dated as close to the start of your Trust Deed as possible as this can impact on your credit report.

Thought I would share this with you since the subject came up last week.
I have one payment to go (Feb 16)and thought I would chance applying for a Vanquis card for credit rebuilding purposes (I was going to use it for work expenses and have the expenses paid directly back into the Credit Card account if they allow it) and got a text saying I had been accepted and thought "yeah right" but the rep I spoke to confirmed some stuff and said your card will be with you in no more than 10 days.I have now had text saying the account is active and I have a credit limit of £500 which will be ideal for me.
There is hope ! Now I'm just hoping the closure process goes as easily !

Thanks for sharing this Arabali.

As I've just written on another thread, I think people at an earlier stage in resolving their debts will be very reassured to hear that there will not be a closed door forever in terms of access to credit.

I think a small limit like £500 can be really useful and is probably all that most people really need if living within their means.

Best of luck Arabali and thanks for your post.

New card arrived today and I called to activate it as instructed fairly straight forward process, went through the jargon on the phone and was offered a couple of extra's at a cost (obviously with these guys)one of which included an identity fraud reassurance but then went on to say it assisted credit rebuilding by monitoring your credit file and making you aware of any searches done on your file using a company I'm sure she said "call credit" which was updated daily and you had access your credit report at any time for £6.99 per month. I didn't bother taking it but thought I would share it.

Just to let you know my experience of credit post trust deed....

Throughout my TD I had a credit account with Next which I ensured I paid every month and made sure I never had more than £200 on it. I'm sitting with a credit limit of £3,200!

3 months before the end of my TD I was accepted for a Vanquis card with a limit of £500, this has now been increased to £2,500!

Just after my TD I was then offered a credit card with Awua with a £500 limit, this has now been increased to £1,500!

At Xmas I was also accepted for finance on a new sofa (a cheap-ish one as it was an unexpected expense). The plan is to pay this off early as it wasn't too expensive, but useful to have another positive credit entry on my report just now.

Once you get your first credit account under your belt and you can show you can manage it well, you'll probably find others will follow suit. The priority for me is to build my credit rating by having a few credit accounts running and managing them well so that we can hope to re-mortgage after the magical 6 years.

It does seem that people's experiences can vary a lot, but good to hear that many are successful in getting credit quite soon after finishing a Trust Deed.

As David suggested, for the others it may be worth checking their report for any inaccuracies

Agreed Kevin!

I think the fact I've been paying my mortgage, mobile phone, next account etc without so much as a late payment has definitely gone in my favour. But there's absolutely life after a TD!