Hi peebs

The should be on your file for 6 years from the date the Trust Deed started.

Mark

Welcome to the forum Peebs.

My understanding is the same as Mark has written.

A default notice should vanish from your file six years after it has been issued.

If you have any default notices that have been issued after your trust deed started you should be able to insist that they are backdated.

Remember to use the date the trust deed became protected as your starting point. Any defaults must be placed on file no later than this date. 6 years later they will drop off the file!!

Paul

How can a so called debt expert, afford to advertise between Emerdale and corrie.....somebody is paying for it....oh yes, the trust deed victims. ...???.

Hi CUCRAZY.

I'm aware that advertising by debt advice firms can arouse some strong opinions.

To be fair, all types of business are perfectly entitled to promote themselves, and most do in some way. There is one very well-known debt charity for example that you can often find spending money advertising in the Google ads you see next to search results. It's not just profit-driven businesses that spend money creating awareness of what they do.

I'm also not sure about the word "victims" being used. We did a survey of members and visitors in 2010. It highlighted all sorts of concerns about trust deeds and debt advice in general, but 70% of those that took the survey felt that a trust deed had been the right decision for them. 19% said they weren't yet certain, and only 8% said it hadn't been the right decision (though I certainly feel 8% is too many).

I certainly feel like my creditors were the victims,not me.

Paul

I agree Plasticdaft. Their lending policy way have been flawed, but at the time I probably looked like a pretty safe bet to give credit to, my credit rating was excellent.

I asked them for credit, they gave it to me and now I can't pay it back. The PTD has been MY saviour from my own irresponsibility. They most certainly are the victims.

savior is the word for sure.

Paul

I should have picked up on this last night. Having re-read CUCRAZY's post today I wonder if he/she was actually referring to creditors as being the "victims" rather than those who sign trust deeds.

CUCRAZY has written here previously about their involvement in running a credit union and also the heavy impact a trust deed can have on a small credit union.

Small credit unions can be devastated by trust deeds but thats why affordability checks must be rigorously carried out. Oops,away on a tangent!!

Paul

Thanks to everyone for their help & advice. Much appreciated - and I'm totally delighted that I don't have to wait another three years to repair my credit rating properly. It's already been a long time! I will be EXTREMELY careful with any credit in future though. Lesson learned.

Hi Peebs

Great post.

It's good when things work out the way they should. I think Trust Deed Assistant mentioned sometime ago that we normally hear about the bad stuff, but not the good stuff.

Regards

Mark