Hi there, my trust deed ended in November and I was formally discharged in February 2023. I was hoping you could help with a few questions.
Debts are still showing on my credit file, who do I need to send a copy of my discharge form to and what do I say?Â
I now aim to save up for a deposit, does anyone know if there is any chance of getting a mortgage before the trust deed falls off my file in November 2024
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For anyone reading who isn't sure of getting into a trust deed, I would say, if you are in serious debt it can be life changing. I spent the past four years learning to budget and save up for purchases and I know I'll never ever make that same mistake again. I am so grateful I have been given this chance to start over.Â
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Hi  I found my credit file to be incorrect, and sent a general letter of complaint, stating that you were discharged from TD on (date) to each company that my details were wrong, with the account numbers etc quoted.  I would also include a copy of your discharge form (Form 23?) with the letter, asking for this to be corrected. Â
I received notification from one company who stated that their information on my files were correct, (but I could send them screenshots of the incorrect information), they still insisted the information was correct, and the credit agency was incorrect.  After going round in circles between the two companies, I decided to write to the Financial Ombudsman and give them the information (not a quick fix!!), but eventually, FO ruled in my favour and the company eventually had to make the correction.
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Hopefully, someone can give you advice about Mortgages.  Good luck for the future
Morning Debtfreeyay
Tigh provided excellent advice and I would echo the advice they provided.Â
In terms of mortgage advice, a mortgage advisor would be able to provide a suitable response.  In my experience, a mortgage provider would look at affordability, loan to value and credit worthiness in deciding whether to approve a mortgage. Â
I have had a number of clients that have successfully obtained secured finance after being discharged from their Trust Deed.Â
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