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Scottish Trust Deed Forum
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Topic starter
08/11/2016 4:37 pm
Hi folks, I've just finished my Trust Deed and now I'm keen to ensure that my credit files is handled properly. So I've applied for a horrifically high APR credit card to rebuild my credit and I've been paying more attention to my Noddle account.
My discharge happened this month, three of my old accounts have defaults entered right up to October 2016 and I expected them to change to settled or partially this month. But now I'm reading that the defaults should have stopped 4 years ago when I entered the Trust Deed, is that correct?
I called Mint to ask for clarification and they insist that the defaults are correct and will stop imminently. The other two defaulting accounts are both BoS credit cards.
I have a variety of closed accounts that were marked as settled or partially settled when the debts were sold by the banks prior to my trust deed. Why don't these debts appear on my credit file under their current owner's name? They were all listed on the Trust Deed, it seems like a good thing that they "disappeared" from my credit file but I don't want this stuff to come back and bite my on the butt![?]
Topic starter
08/11/2016 4:42 pm
Another odd thing is that Mint sold my debt to Max Recovery on the 3rd of October this year but they're still happy to discuss the account with me and enter default notices on my file. Why would they sell this debt 1 month before the end of the trust deed? They're probably sold in bulk? But then are there any implications or possible issues that could arise for me?
08/11/2016 4:53 pm
Welcome to the forum heehaw.
There's some detailed information about trust deeds and default notices here:
https://www.trust-deed.co.uk/repair-your-credit-rating.html
There's only one "default notice" - an event with a single date for each creditor. This shouldn't be dated after your trust deed began. The defaults you are referring to are monthly updates recording that this account was in default (which it was until you were discharged) and are a different thing really.
I wouldn't complain about some of these debts not appearing on your credit file!
It makes no difference to you if a debt has been sold - it's remains covered by your trust deed in exactly the same way.
Qualified Debt Adviser & Forum Administrator - Ask me anything about Trust Deeds 
Topic starter
08/11/2016 5:04 pm
Thank you, it seems clearer to me now. I had read that page but I assumed the continued red D marks were repeated entries and not an ongoing status, so I'm still trying to get my head round it.
So Mint seem to be doing it right, but one of the others has balance history and defaults making a first appearance in March this year but they're debts I stopped paying over 4 years ago! That will need sorted, won't it? Should I contact the creditor or my IP?
You're a great help, thanks again TDA!
08/11/2016 5:36 pm
No problem heehaw.
It's for you to contact your creditors if you're concerned about any entries on your credit file. It doesn't fall within the scope of the work that insolvency practitioners do for you.
As you've only just been discharged, I'd give it at least a few weeks. Some of your creditors will probably get this done without you intervening, but it's not an overnight thing at the exact point when you're discharged. Some probably only update the credit reference agencies monthly.
Qualified Debt Adviser & Forum Administrator - Ask me anything about Trust Deeds
