Scottish and English debt laws are different, so if you are a Scottish resident and have questions on debt, then this is the place to post.

Moderators: TalbotWoods, JaneClack

ByEstellaK
#66131 Hi
Ive recently been discharged from a Scottish Trust Deed. I have just received my credit files back and all the outstanding amounts are still on there. Do i have to write to the companies asking them to update or should they do this on their own?
My partner(who does not really have any debt and has never missed a payment) would like us to see about getting a mortgage together but I am worried that I will :
a) not be able to get a mortgage(ive just been turned down to change my bank account to a normal current account)
b) bring his credit rating down because of mine

Also, Ive just started doing online surveys and some mystery shopping to make some extra cash and was thinking that I would put it away to mount up for xmas- does anyone else do this ???

Thanks
Stella
ByJLP
#66520 Have a look round the forum-there are quite a few previous posts on this. You are unlikely to get a normal current account for a while.Yes you should be ok for a mortgage-but may have to go to a Higher Risk lender.
User avatar
ByAnge
#66584 Hi Stella,

I do online surveys, only just started with them though, so on very little money (pence actually).

Some of them, if you can get all the way through the survey without them saying "Sorry, you don't qualify", then you can get quite a bit.


NMH
xxx
Bypeter pollock
#66608 Hi Estellak

My name is Peter and I have just joined the Forum today.

I am a mortgage adviser and Debt adviser with over 25years in financial services and I am in tha process of setting up a Debt Advice centre in conjunction with the CMA

As regards the points you raise , ot may be worth contacting the IP/ Trustee of your Protected Trust Deed to address your creditors records.

I can assure you that providing there are no other credit issues you should be able to obtain a mortgage.
I have clients who have been 3months into a trust deed obtain mortgages

If I can be of any help let me know

Kind Regards

Peter
ByMel_Odious
#66611 Hello Peter and welcome to the Forum. You are very welcome to give advice where you think it may help-on the open Forum only please. We won't allow you to advertise your business here though and we will monitor your posts very careful for the first few days. If we find that you are pushing your own business you may be suspended. This is nothing personal, it is the Forum's policy not to allow advertising.
Thank you.

Mel
Byscottishdebtor
#66829
peter pollock wrote:I can assure you that providing there are no other credit issues you should be able to obtain a mortgage.
I have clients who have been 3months into a trust deed obtain mortgages

You will require approx 10% deposit and incur higher charges.
ByGR
#67188 You will get a mortgage, but at a higher rate of interest. Do NOT go through a broker that specialises in mortgages for people with a bad credit rating, you will get stung for ridiculous fees. One FA was going to charge us over £2K in fees. We got a mortgage through the Chelsea BS - no fees.
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