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Topic starter
30/03/2011 2:05 pm
My fiance has just been told that she will be made redundant in a couple of months. Major bad timing, as we are expecting our 2nd baby in October, and she might be made redundant before she can start maternity leave (hoping she doesn't, so that mat pay will be ok until next April, giving us time to sort something after the baby).
I may have to talk to my Trustee about reducing my payments for a few months, I was due to finish in August anyways. But I wanted to confirm, the 6 years of your deed, from when you signed, is how long everything is on your credit file, right? Just I don't want this staying on record any longer than necessary. Hoping to just make the last few payments from whatever redundancy she gets, but we're not sure how much she'll be getting yet, as she was told by phone on Monday, and is in today for her shift as I type to find out the details.
30/03/2011 2:49 pm
Hi Kamikaze Bob
I'm sorry to hear that your fiance will be made redundant, probably stress that she could do without! I'm no expert by any means but if she is made redundant before she takes maternity leave she may be entitled to maternity allowance. Have a read over the section on the Direct Gov website.
Some lenders would appear to mark default notices as being satisfied when a trust deed is finalised, however it's quite possible that you will need to contact others to get them to do so. I understand that the 'satisified' defaults will stay on your credit rating for a period of six years.
Julie
Julie is not currently posting in the Trust-Deed.co.uk forum.
30/03/2011 2:59 pm
Hi Kamikaze Bob.
Just to confirm Julie's comments, any "event" marked on your credit record will remain there for six years.
An "event" might be a default notice or starting a trust deed for example.
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Topic starter
31/03/2011 8:08 am
Cheers guys. She had a meeting yesterday, and is looking at a not-bad payout, meaning we should be able to meet the last few payments ok. We're already looking at Mat Allowance and hopefully a rise in Tax Credits because of this, which will help a little.
One good thing, it's got both of us off our arses. We went to the college open day last night, I'm looking at starting a part-time course this year, mostly funded thru SAAS, and she's able to start a course to be a classroom assistant which won't interfere too much with the pregnancy, and fees should be waived for that because of the redundancy!!
But me being able to finally get my motorbike license may have to wait 🙁
31/03/2011 10:09 am
Hi Kamikaze Bob.
Sorry if I am covering old ground, but is it just you that is currently in a trust deed or are you both?
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Topic starter
31/03/2011 10:23 am
Just me, I met my fiance not long after it. Amazing how easy it was to get a date once I was relaxed about my debt, I'll tell ye!!
31/03/2011 9:42 pm
Great answer!
I'm really pleased to here that something good can come out of this unfortunate situation.
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