I will have completed my trust deed this summer and wonder what happens next?
All payments have been met, and my final set of wages slips etc have just been sent back to the company.
Do I now have no credit score and need to rebuild it, or do I have to clean up my records? If so, where do I start doing this?
Any advice is appreciated.
Thank you
Welcome to the trust deed forum Delilah Stroganoff.
Once you have completed all of your responsibilities to the trust deed it should take a few weeks for your trustee to handle some administrative procedures before you are advised that you have been discharged.
Your credit record, at any point in time, covers events in your credit history over the past six years. Therefore your credit score is likely to be poor at the time your trust deed ends.
There are some ideas in the following linked article that may help you to improve your credit score over time:
Wow that was quick!
Thanks so much for the links, I'm sure I'll find them really useful.
I will.
I still have a few months to go, but finally there is light at the end of whats been a very dark tunnel.
I'm sure there will be other questions though, so expect to hear from me again.
And once again, thank you
ohh i cant wait to have a few months to go....28 months and counting!!!! still best decision though......