• Welcome to the LegalBeagles Consumer and Legal Forum. If this is your first visit to LegalBeagles and you need assistance then you can ask a question here;
    Create a Thread
    Please Register to get the most out of the forum. Registration is free and only needs a username and email address.
    Please do not post your full name, reference numbers or any identifiable details on the forum.

Trust Deed

  • Filter
  • Time
  • Show
Clear All
new posts

  • Trust Deed

    Hi, I got into some debt and got a trust deed out, i finished paying and was discharged from the trust deed on August 2014
    I recently went onto Noodle and seen that my RBS mint card and Capital one card are in default.
    How am i able to fix this?
    Tags: None

  • #2
    Re: Trust Deed

    They should be marked as defaults, with the original initial default date no later than the start date of your TD.

    (Ds or 8s in the status history are not new defaults, just status updates, so they can continue until the TD finished.)

    The accounts should then be marked as 'satisfied', perhaps with a partial marker, with a satisfaction date of the date your TD was finished/discharged.

    If the above is not so write requiring them to correct the status and dates, stating that you will be going to the FOS and ICO if they do not.


    • #3
      Re: Trust Deed

      Hi carlopia,

      I have covered how to sort out your credit record after insolvency in England here: http://debtcamel.co.uk/credit-file-after-bankruptcy/.

      My guess is that the same principles would apply to a trust deed: all your debts should have a default date that is on or before the start of your trust deed and that after the trust deed was discharged, the debts should have been marked as settled or partially settled with a zero balance owing.

      The defaults will then disappear from your file 6 years after the default date.


      • #4
        Re: Trust Deed

        Originally posted by Debt Camel View Post
        My guess is that the same principles would apply to a trust deed
        They do. The old ICO guidance, no longer on their site unfortunately, stated that:

        "This guidance note also refers in some instances to bankruptcies, IVAs and the assignment of debts. When it does so, it should be read to include the Scottish equivalents of sequestration, trust deeds that have the intent to create a binding arrangement similar to an IVA, and the assignation of debts."


        View our Terms and Conditions

        LegalBeagles Group uses cookies to enhance your browsing experience and to create a secure and effective website. By using this website, you are consenting to such use.To find out more and learn how to manage cookies please read our Cookie and Privacy Policy.

        If you would like to opt in, or out, of receiving news and marketing from LegalBeagles Group Ltd you can amend your settings at any time here.

        If you would like to cancel your registration please Contact Us. We will delete your user details on request, however, any previously posted user content will remain on the site with your username removed and 'Guest' inserted.