Notifications
Clear all
Scottish Trust Deed Forum
3
Posts
3
Users
0
Reactions
2,390
Views
Topic starter
26/02/2017 6:52 pm
I entered into a trust deed in April 2011 and was discharged in May 2014. I'm very excited to have the trust deed fall off my credit report in a few month's time (there IS light at the end of the tunnel for everyone who is paying their trust deed! #128513;). But on Noddle, I've noticed that my two debts that were in the Trust Deed are showing as satisfied in May 2014. Should they state 2014 or 2011, when I began my TD please? And does this mean they don't fall off my credit file until 2020, six years after they were satisfied? Thanks so much, as always, for your help. #129303;
26/02/2017 8:16 pm
The debts should fall off your credit report 6 years from the default date which should match the date you started your trust deed (give or take a small amount of time). I could very well be wrong here which I am sure the experts or others can correct me. But this is my understanding.
27/02/2017 9:23 am
Hi Backontrack.
I think Dg021440 has answered your question well.
The debts would usually be 'defaulted' at around the time the trust deed began. If the default notice date is much after the start of your trust deed then you can ask the creditor to amend the entry.
The default notices would then usually be marked as partially satisfied or satisfied when you are discharged from the trust deed.
The accounts should disappear from your credit file six years after the date of the default notices being issued, which should be six years after the trust deed began.
Qualified Debt Adviser & Forum Administrator - Ask me anything about Trust Deeds 
