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Scottish Trust Deed Forum
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Topic starter
15/05/2011 1:31 pm
Only got 4 payments left on my TD, but something I've always wondered about.
I'm in a lottery syndicate at work, few quid a month each, but if we won big, then my share should hopefully be enough to pay off my TD in full.
Not that I'm expecting any money coming or anything (haven't checked this weekend's numbers yet tho) but I was thinking more of my credit rating.
If, for example, I paid off all my debts through my TD, as was agreed when it was taken out should some windfall come, would any defaults or anything be wiped from my credit rating, giving a clean slate?
16/05/2011 9:07 am
Hello Kamikaze Bob.
Defaults would not be wiped off your credit file, but they should be marked as "satisfied" which is helpful.
The same thing should happen after a trust deed has ended though, so there isn't a massive advantage to your credit record in this respect.
Hopefully you'll win your share of the big prize just after your trust deed has finished and it will be so much that your credit record is an irrelevance to you.
Qualified Debt Adviser & Forum Administrator - Ask me anything about Trust Deeds 
Topic starter
16/05/2011 9:20 am
Aye, that's the plan!!
Haha!!
16/05/2011 10:08 am
Sorry Boab, that lotto win's mine. Oh the irony, a couple of million in the bank and still not able to get as much as a Capital One or a Vanquis credit card![:D]
Nothing left to discharge - everything's done and dusted!
17/05/2011 5:32 pm
you will like this!
My wife won (believe it or not) £30,000 from a catalogue company 9 years ago. We bought loads of things, like a car a motorbike etc. She then applied for this catalogue and got refused!!! How bizzare is that. We never ever used this catalogue company before we won the money and my wife was drawn from millions of people in the UK.
Topic starter
18/05/2011 9:26 am
quote:
Originally posted by gillian
Sorry Boab, that lotto win's mine. Oh the irony, a couple of million in the bank and still not able to get as much as a Capital One or a Vanquis credit card![:D]
Aye, I can imagine that! Lol!
