Hi tigh,

As far as I'm aware the same principles apply as with discharge from a trust deed. Default notices should be marked satisfied or partially satisfied when you get discharged. The balances should be set to zero when you get discharged.

There's more information about default notices and getting in touch with creditors after discharge at:

https://www.trust-deed.co.uk/repair-your-credit-rating.html

Thanks for reply TDA.
What I'm probably unsure about, is would they be marked satisfied or partially satisfied after our year has ended, or at the end of year 4 as in a Trust Deed, since we're still paying what we can afford until then.

Hi tigh,

I think the principle that will apply is that your credit file should reflect reality.

You get discharged from your debts when you get discharged from bankruptcy, so I believe that your credit file should reflect this.

Your four year payment liability is a separate thing which I believe is irrelevant in terms of your credit file (which will still show the bankruptcy for a few years in any case).

What we often hear after completed trust deeds is that many lenders aren't quick to address default notices on a credit report and need to be asked to do so.

Thanks again TDA. I will start contacting the companies we had CC & Loans with, to have our credit file updated.
Sorry, another question, which maybe some of the forum members can answer.
Is it better to raise the issue with the credit reference agency/ies as an incorrect
entry, or contact the company directly (I presume you would need account numbers) to have this rectified?

Hi tigh,

It's best to contact the lenders. The credit reference agencies are simply reporting what the lenders are telling them.

Account numbers will probably be helpful with this. Your trustee might be able to give you a list of these if you don't have them.