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Scottish Trust Deed Forum
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Topic starter
09/08/2011 4:11 pm
Hi
This may sound like a silly question, but would appreciate it if anyone could spell it out for me in simple terms.
What will actually show up on my credit report and from what date will it show up?
What I mean is does the PTD show up? Do my creditors that have been included on the PTD show up as defaults or settled? Does it show up from the date the PTD was signed, date it was protected, or date it is completed?
Thanks
PB
09/08/2011 4:16 pm
Hi Poorboy.
We're not credit file experts... but we'll do our best!
The protected trust deed will appear on your credit file. It will appear in the early stages of the process (I don't know the exact point I'm afraid but I suspect it may be connected to the Edinburgh Gazette advertisement) and then go away around six years later.
Creditors can and do issue Default Notices before and after trust deeds start. They'll stay for six years as well if they're issued.
Some creditors seem to update defaults as being "satisfied" when the trust deed is completed. Some of our visitors have had to chase up their creditors to make this happen.
Qualified Debt Adviser & Forum Administrator - Ask me anything about Trust Deeds 
