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15/05/2016 5:51 pm
Hi
Trying to sort my credit history out now that I have received my form 5. One of my creditors have replied and updated their records but the account shows as default, when you click onto it, it does show partial settlement, is this correct? My history looks terrible even if this is what all the creditors do, really I need to wait another 2 years until the records fall off completely.
I was hoping to get a car, any suggestions on what companies are best to try.
Thanks
16/05/2016 11:09 am
Hi Chillypink.
Once you're discharged from your trust deed your creditors are expected to update any default notices that they've issued.
Marking a default notice as "partially satisfied" was deemed acceptable by the Information Commissioner's Office when we last spoke to them as it probably reflects the reality of the situation (unless the debt was fully repaid of course).
We've seen a few posts recently from people who've been successful getting car finance after discharge - hopefully some people can share what has worked for them.
Qualified Debt Adviser & Forum Administrator - Ask me anything about Trust Deeds 
16/05/2016 1:55 pm
Ive just been accepted for a car on HP through Arnold Clark (Marsh Finance), I was sequestrated in May 2011, its not the best interest rate 13% flat rate but its a means to an end, keep it for 2 and a half yrs and try again on a mainstream deal
