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Scottish Trust Deed Forum
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Topic starter
15/09/2017 4:16 pm
Long long time lurker, everything on this site has helped me and usually my question has always been asked and answered.
Anyway all discharged, managed to get a really good job and just got a credit card for my business expenses, £500-600 a month which get paid by the company I work for every two weeks so thought it best to use a credit card to improve my credit situation.
I have started using noddle and noticed that I can add a notice of correction to my defaulted loans. The reason I went into a trust deed was due to my young son being diagnosed with Leukemia and having to shut down my business (it was the best decision looking back as we lived in a hospital for nearly a year). Anyway is this something that is worthwhile doing, I'm not really in the market for any credit or loans and to be honest probably never will (have a mortgage, company car etc).
One other thing American Express still have a default but it appears they have been paid, can you just phone them or is it better to write.
Once again thanks to everybody involved in this site and yes there is light at the end of the tunnel. Having a trust deed won't solve all of life's problems but it certainly helped with my money problems and helped keep a roof over my head. (my wee boy is doing great now!)
15/09/2017 5:37 pm
Welcome to the forum Starky.
I'm not sure how much value there is in respect of notices of correction. Most lender systems will be largely automated, so such an entry probably wouldn't be factored into a lending decision at all. There might be some benefit if an actual person was underwriting a credit agreement, which might be more common with significant arrangements such as the latter stages of a mortgage application.
If you've no plans to apply for credit I guess there isn't much to be gained anyway, but there again the effort involved in submitting something would be pretty limited.
Regarding Amex, you can call them. Financial institutions should respond in the same way no matter how you contact them with a concern. Some people prefer writing to have a clearer audit trail, but you can take notes of calls.
Very pleased to hear that your son has recovered and that you've put these money issues behind you.
Qualified Debt Adviser & Forum Administrator - Ask me anything about Trust Deeds 
Topic starter
15/09/2017 6:18 pm
Thanks, yeh phoning was not the best idea! Managed to block myself from their system as I didn't pass security, I wish companies used a bit more common sense rather than rely so much on a computer. Anyhow, I now have the address of the correct deptmartment so I better go and sharpen my pencil. Any templates on the site that will help me describe my situation in a clear and precise manner
18/09/2017 9:41 am
Hi again Starky.
We haven't provided template letters on the site.
You may find that the content of the following article is useful to you:
Qualified Debt Adviser & Forum Administrator - Ask me anything about Trust Deeds
