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Scottish Trust Deed Forum
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Topic starter
22/07/2011 1:36 pm
Hi, apologies if this has been asked recently, but here goes:
Our PTD started on 1st June 2010. Today I got a copy of my creidt file. It was no where near as scary as I though it would be. I have four creditors in my PTD, two are showing defaults, (will get this changed to PTD start date) and two are just "there". No defualt but there is a start date and the balance and a record of status update 3's. What I am trying to ask in my odd convoluted way is what will hapen to them at the end of the PTD?
I know they will say settled/saisfied/partially etc, but what date will they use for the six year "countdown", the start of my PTD or the end?
I appreciated that this is not a credit file forum but was just interested incase anybody else has an idea or has been there.
Thanks in Advance! x
Genius may have its limitations, but stupidity is not thus handicapped - Elbert Hubbard
22/07/2011 1:57 pm
Hi ArgyllWolf.
We're really not experts on this, but the following is my understanding.
Any "event" recorded on your credit file stays there for six years.
The trust deed itself should appear there for six years from the start date.
If a creditor issues a Default Notice it will appear for six years from the date of the notice. Other visitors have generally found that creditors are prepared to mark such notices as being "satisfied" once the trust deed has been completed.
Other readers of this thread may be able to add their actual experience of this and how it worked for them.
Qualified Debt Adviser & Forum Administrator - Ask me anything about Trust Deeds 
Topic starter
22/07/2011 2:31 pm
Hi, thanks for your response. Hopefully somebody may have already been through this and can help shed some light. I did find another site that states that defaults should not be made later than the start date of the PTD and there is a standard letter you can use to get dates changed. I am thinking that the end of the PTD will be used for other settled accounts. I will keep digging around online, hopefully I'll find something to help others if they post the same question
Genius may have its limitations, but stupidity is not thus handicapped - Elbert Hubbard
22/07/2011 3:41 pm
Please do let us know what you find out ArgyllWolf. It's best to remember just how much rubbish there is online though. As a test, we recently searched online for information about whether someone in a trust deed could remain a company director or not. From the websites we reviewed there was about a 50:50 split between the answers "yes" and "no"!
Qualified Debt Adviser & Forum Administrator - Ask me anything about Trust Deeds
22/07/2011 4:03 pm
Hi ArgyllWolf
I would agree with TDA. Your Trust Deed will go on your credit file at the start of the Trust Deed. All defaults etc should be dated from when they happen, and stay on the file for a period of 6 years. As TDA says, take on-line info with a pinch of salt!!
Shona is not currently posting in the Trust-Deed.co.uk forum.
