Hi mick

Well done for reaching the end of the Trust Deed.

I think 3-4 weeks should be enough time for it to show on the Register of insolvencies.

Mark

I tell you Mark, it wouldnt have been half as easy or stress free without the use of this forum, its been a godsend being able to get information from people who are in the know and work as trust deed consultants professionally.

My Trust deed was more bad luck than anything, being made redundant somewhat forced my hand in the matter, but as you say, its behind me now.

ill hang off around a month and then check my credit file again to make sure its updated. hopefully ill be reporting back in a few months saying my credit report is now upto date:)

Hi Mick1985,

I think a lot of the time people can find themselves having to consider a Trust Deed for a variety of reasons and especially redundancy. As long as the Trust Deed is set up correctly it should run without any problems. It does what it says on the tin...

It's good to see that your being proactive about trying to repair your credit rating which should mean that it repairs quicker than if you do nothing. Obtaining a Vanquis card is always a good starting point.

It's nice to hear that the forum has helped you along the way.

Hello again.

I just thought I should update this to say that I've just checked my equifax £2 statutory report there and my last debtor has now updated their files on my report, so that's all my file up to date now 🙂

I'll check with experian in the morning, and my noddle (call credit) report is due to update in a few days as well, so all going well my report is cleared up as best I can.

Aside from getting a vanquis card (which I've now got and have started using for some fuel each month), is there anything more I can be doing to improve my credit?

Would starting a savings account etc have any effect?

Thanks again for all the elp in the last 3 years, certainly wouldn't be where i am without it.

Cheers

Mick

Hi mick

No problem at all. Hopefully it's upwards from here on.

All the best for the future.

Mark

PS Just in case you ever need to speak to them, it's creditors who update their accounts file on the report.

Hi mick1985.

Thanks for your kind words about the site, they're much appreciated.

Some mobile phone contracts report to credit reference agencies and there has been talk that, soon, many utility providers may start to do the same.

I'm not aware that any savings accounts report to credit reference agencies.

british gas are reporting on my wifes credit report in a positive manner,

As for contacting companies I would simply wait at least 3 months before applying for copies of your credit files from equifax,experian and call credit,and see whats on them at that point,remember that the TD stays on there for 6 years. Any defaults that are dated after the TD was agreed,can be changed to reflect the correct date.

good luck with clearing things up.

Paul

In terms of utility bills and mobile phone contracts I think many people will agree that direct debits are by far the best way to make sure that the payments are always made on time and any (future) credit reporting is good.

I appreciate that for some people (self-employed, paid four-weekly etc) this isn't necessarily that easy to manage.