Trust Deed Forum - Fixing My Credit Report- Advice
Home Home Page

Trust Deed Forum
Trust Deed Forum
Home | Profile | Register | Active Topics | Members | Search | FAQ
Save Password
Forgot your Password?

 All Forums
 Trust Deeds
 Scottish Trust Deed Forum
 Fixing My Credit Report- Advice
 New Topic  Reply to Topic
Author Previous Topic Topic Next Topic  


9 Posts

Posted - 04 August 2018 :  15:22:46  Show Profile  Reply with Quote
Hello everyone. I was wondering if anyone has any advice when it comes to having my credit report updated. I've been discharged from my trust deed (and trustee has been discharged too!) almost 6 months and still receiving defaults every month. Does anyone have a template letter to give me an idea what I should be saying to creditors?

Sharon Toal
Trust Deed Expert

351 Posts

Posted - 06 August 2018 :  08:37:03  Show Profile  Reply with Quote

Morning TheShadow

I would send a copy of your discharge letter to your creditors and request they update your credit report.

If you have misplaced your discharge letter then please contact your trustee for a further copy.

Sharon is no longer posting in the forum.
Go to Top of Page

TDA (Debt Adviser)
Trust Deed Expert

12917 Posts

Posted - 06 August 2018 :  09:20:22  Show Profile  Reply with Quote
Hi TheShadow.

We've never really gone into sharing template letters on this site, but members are free to share anything that they've used.

Bear in mind that the obligation is on your creditors to ensure that they're reporting accurately to the credit reference agencies. You'd be well within your rights to make a complaint to them if they are not, and to escalate this to the Financial Ombudsman if they don't resolve your complaint satisfactorily.

You don't have to write. You can call in to make a complaint. Because your trustee has been discharged for less than one year you can easily refer people to the online Register of Insolvencies to check that what you're saying is accurate.

Qualified Debt Adviser & Forum Administrator - Ask me anything about Trust Deeds    
Go to Top of Page

Advanced Contributor

125 Posts

Posted - 06 August 2018 :  12:40:20  Show Profile  Reply with Quote
As mentioned you don't have write to them and sometimes calling them is much quicker.

Check all of the free services, ClearScore, Noddle, MSE Credit Club.
Make sure all the dates of defaults for both open and closed accounts are as of the date you signed (this will be the same date as in your public records section for your PTD).
Make sure all defaulted accounts (OPEN and CLOSED) are marked as Settled or Partially Satisfied.

For anything that is wrong ask the creditor to make the correction. They should do this very quickly and you will need to send along a copy of the Form 5 at the same time. even if they sold on the debt they are still responsible for making sure the information is accurate.

Everything will then come off at the same time which will be 6 years from the date you signed the PTD
Go to Top of Page


9 Posts

Posted - 09 August 2018 :  20:40:52  Show Profile  Reply with Quote
Thanks for the advice everyone, I'll get on to the creditors asap!
Go to Top of Page
  Previous Topic Topic Next Topic  
 New Topic  Reply to Topic
Jump To:
Trust Deed Forum © 2008 - 2018 Go To Top Of Page
Snitz Forums 2000

(c) Channel Active Limited. Company Number: 06412452. Data Protection Registration: Z1332750.
Telephone calls may be monitored or recorded. Authorised and regulated by the Financial Conduct Authority., Clyde Offices, 2nd Floor, 48 West George Street, Glasgow, G2 1BP. Tel: 0141 2490416.