Hi mapleleaf,

That's fantastic news. Well done on reaching this point in your journey.

Thanks for coming back onto the forum 2 years after your discharge to share your good news and an update on your situation. This I'm sure will give hope and confidence to others that there is life after a Trust Deed and it's only a short term issue.

Would you say entering a Trust Deed to clear your debts was a good thing?

Good luck for the future and the house move.

Well done mapleleaf.

I do hope that reaching this stage opens some new doors for you.

quote:

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Originally posted by David Tannock
[br]Hi mapleleaf,

That's fantastic news. Well done on reaching this point in your journey.

Thanks for coming back onto the forum 2 years after your discharge to share your good news and an update on your situation. This I'm sure will give hope and confidence to others that there is life after a Trust Deed and it's only a short term issue.

Would you say entering a Trust Deed to clear your debts was a good thing?

Good luck for the future and the house move.

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Without a doubt David. It's like a weight of your shoulders. Sure you're not paying back 100% of the debt but it still allows you to feel like you're "doing the right thing" whilst doing so within your means and still being able to provide for your family without all the worry and stress.

6 years sounds like a long time, and I guess it is but provided you take it as a lesson learnt, and try not repeat it, it's a small price to pay for the opportunity to "start again".

Congrats Maple

I am on the same boat as you but it has not been as smooth sailing. My trust deed fallped of on 17/5/16 which is great news but the defaults that go along with it are a different story. One company will not fall the default till 29/6/16 because they say my trust deed was not protected till that date. The other companies (after writing to them) have updated with Experian but not the other two. It feels like David vs Goliath. Anyway, I have complained to the ombudsman in the hope that it will help. I was hoping to get a mortgage this year but it is seeming more unlikely.

Good luck R.D.R.R

I had to go to the ICO for quite a few of my credit file entries. All of which were fixed over time. You just have to be persistent and document everything.

One thing I'm hoping someone can answer. My trustee still isn't discharged, more than 2 years after I have been. Is this normal? Should I be chasing them up about it?

Hi mapleleaf,

Having to enter a Trust Deed is never ideal and no one ever sets out with that intention but due to circumstances it's a plan which thousands of people enter every year and I think it's a very effective way of regaining control and a balance without that worry and stress as you say. .

In terms of your Trustee discharge I would give them a call and ask for an update. It could be the issue of PPI investigations which is holding things up.

quote:

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Originally posted by R.D.R.R
[br]Congrats Maple

I am on the same boat as you but it has not been as smooth sailing. My trust deed fallped of on 17/5/16 which is great news but the defaults that go along with it are a different story. One company will not fall the default till 29/6/16 because they say my trust deed was not protected till that date. The other companies (after writing to them) have updated with Experian but not the other two. It feels like David vs Goliath. Anyway, I have complained to the ombudsman in the hope that it will help. I was hoping to get a mortgage this year but it is seeming more unlikely.

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RDDR. If I am reading your post correctly, the difference in time is between 17 May 16 to 29 June 2016 - around 6 weeks? If that is the case, six weeks will pass quickly. In my own experience some were up to 6 months after. Although it is your right to have it corrected, you may find it takes longer than the six weeks to get any action from the Ombudsman. In retrospect I would not have expended the time and energy for six weeks.

Are you also saying that some of the creditors are showing correct dates on Experian but have not updated others (Equifax, Creditcall etc)? That is frustrating - I did experience that too and had to keep at them to get things updated.

I did raise formal complaints with the companies, giving all details of dates, names and conversations I had had to get things resolved - along with copies of all letters and the Form 5. I got the dates changes and received 3 compensation payments. I am not sure if you can do that after you have raised it with the Ombudsman although I believe compensation is part of the Ombs role (I read how they calculate compensation at the time I was in dispute and my payments were in line with those).

You can also contact the Credit Reference Agencies to see if they will help you to contact the companies to get the record corrected. Advise them one Agency has been updated but they refuse to do theirs. Provide screenshot if you can and also copy of form 5.

I hope you get things cleared up soon and you get your mortgage this year!

Hi Firewalker

Thanks for the reply.

Regarding the six weeks, you're right, it's not worth fussing about.

I am more concerned regarding my credit files with callcredit and Equifax. I am worried that one creditor has taken the account from partially satisfied to an open default. With time, these will be corrected. How did you find your Experian file was affected after they changed the goalposts?7

Hi RDRR

Not sure what you mean by 'after they changed the goalposts'.
That suggests to me they changed a/some rules.
Did you mean how did my 'scores' change? They did go up - although I would not put much emphasis on scores. Several factors influence the scores; and lenders go by more than scores.

I would anticipate after all defaults fall off your score will increase. It is a shame you have a delay while you get the files corrected especially when the Trust Deed has fallped off. Keep at it!

With regard to the records changing from PS or S to Open, I found as the creditors updated files, they often made a(nother) mistake and I had to go back to them to get it corrected again. Each time it took 4-8 weeks to show as corrected. Really annoying and it means you have to keep the credit reference files going at a monthly charge to make sure they are okay. That was part of the refunds I received.

Hope it all gets corrected without much trauma!