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Scottish Trust Deed Forum
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Topic starter
04/09/2017 6:55 pm
Hi,
Quick question (not sure if anyone knows?). Is a DAS the same as TD in that the Default should only be recorded before the date of the signed paperwork? My accounts have always shown in Default throughout my DAS, but stopped when I completed in November last year. So do I need to wait another 6 years for them to fall off of my file? Just checking - I knew my credit was going to be rubbish for a long time!
04/09/2017 7:06 pm
Hi scared11.
Were formal default notices issued on every account? These have a single date rather than being repeated month after month (that's the account's ongoing status).
Where a single date default notice exists you can expect the account to leave your credit file six years after the original default notice issue date.
I'm afraid I'm not aware whether there is guidance in respect of the issue date of default notices for accounts in DAS. It's obviously quite a bit different from an insolvency like a trust deed or sequestration.
The Information Commissioner's Office would be the body to contact if you wanted to find out for sure. Accurate and current credit rating data is a data protection issue, so this falls within their remit.
Qualified Debt Adviser & Forum Administrator - Ask me anything about Trust Deeds 
