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Scottish Trust Deed Forum
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Topic starter
24/01/2014 8:23 pm
hi my trust deed is finally coming to an end as they have now sent an application to creditors for discharge, they have 14 days to object[8D]can anyone tell me how i can improve my credit rating, nd how long will it take before i can borrow again
24/01/2014 11:12 pm
The trust deed and any defaults will stay on file for 6 years from the start of your td. I got a vanquis credit card to help my credit rating.
Other borrowing will be limited until your file is squeaky clean.
Paul
Trust deed completed Jan 2012,Trustee discharge Nov 2012.
A new dawn.
24/01/2014 11:15 pm
The trust deed and any defaults will stay on file for 6 years from the start of your td. I got a vanquis credit card to help my credit rating.
Other borrowing will be limited until your file is squeaky clean.
Paul
Trust deed completed Jan 2012,Trustee discharge Nov 2012.
A new dawn.
25/01/2014 8:59 am
Hi royalalfa10.
The first thing will be to check your credit file for accuracy and ask creditors to update it if anything is wrong.
The second might be, if you feel it appropriate, to make some responsible and careful use of credit. Avoid payday loans in this respect as they may be counterproductive.
We can't tell you when you'll have access to mainstream credit again as there are too many factors involved, of which your previous trust deed will just be one.
Qualified Debt Adviser & Forum Administrator - Ask me anything about Trust Deeds 
