Hi MichelleG.

Wouldn't there still be other entries on your credit file for non-payday debts that are also included in your trust deed?

Hi MichelleG

I am curious - in what circumstances do you think the credit file should be removed? I know you mentioned compensation - but you did not mention what the compensation would be for.

As TDA said, there may be other entries on your credit file that will show as defaulted. And as long as your Trust Deed is active, it trumps the rest. It is almost academic when the Trust Deed is live how many others you have defaulted.

My suggestion is to ensure all default dates to match the Trust Deed default date - then they will all disappear at the same time (unless you took any other credit out after the Trust Deed and then defaulted again).

(Not sure if I have replied aboutt the default dates to you on another post - if so, apologies for repeating it).

irresponsible lending, they allowed me to keep taking top up loans and even the initial loan from these companies were given when there were numerous defaults on my credit files, Wonga were one of the first companies to be taken to court and ordered to refund and remove some peoples balances because the fos deemed them to be lending irresponsibly. my Wonga loans were included in the many thousand who were deemed unfordable. I wasn't in a good place and took loans out to keep my car on road to try get back to work after being hospitalised and having a breakdown, I wasn't in a good place, even now I struggle. compensation for some people is the interest paid on unaffordable loan plus statutory interest, tbh I'm not concerned about getting any money back but if the fos decided I was entitled to refund because they had lent me irresponsibly it would go to trust deed anyway as the trustee is still finalising the TD. lots of people have also successfully had all entries that relate to payday loans wiped completely from their file, if that was the case with me id actually only be left with 2 satisfied defaults which is better than 27

Hi Michelle

27 versus 2 - wow! that is some difference.

From what you have written, I get the impression you know about the cases and would be able to find out how to go about the appeal/claim
to have them removed.

The Trust Deed does over-ride other debts prior to it, but from a personal perspective you may feel better having 2 rather than 27.

Only you can decide if you want to pursue this, however, no harm in starting the process and if you find it becomes too much as you progress, stopping it.

As you say, any money reimbursed may well go to the Trust Deed. Or (and I say this with caution) the Trust Deed could potentially be re-opened to claim it back (depending on how the court rules about PPI etc). I guess it depends if you plan to apply for any credit at all after you are discharged, but before the six years are up.

Otherwise, you can leave them be, move on, ensure all dates match the Trust Deed - and all 27 will disappear along with your Trust Deed after six years. It is really up to you.

Hi MichelleG.

How much debt would be left owing if the loans you consider to have been irresponsibly issued were wiped out?