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Scottish Trust Deed
verderci
Posts: 47 Forumite
Hi
My husband and I signed up to a Scottish Trust deed last August, we have been told that we will be able to buy ourselves out after a year (
a family member is going to help us out). Has anyone done this and how have they gone about rebuilding their credit rating?
We own a house in another town that my mother lives in, we are still struggling with all our payments and it's looking like we will have to sell our house (we live in a seperate house but still pay rent) and make my mother homeless. We have applied to the local council for housing benefit but have been refused and we are currently appealing. Has anyone else tried this??
My husband and I signed up to a Scottish Trust deed last August, we have been told that we will be able to buy ourselves out after a year (
a family member is going to help us out). Has anyone done this and how have they gone about rebuilding their credit rating?We own a house in another town that my mother lives in, we are still struggling with all our payments and it's looking like we will have to sell our house (we live in a seperate house but still pay rent) and make my mother homeless. We have applied to the local council for housing benefit but have been refused and we are currently appealing. Has anyone else tried this??
Mel :heartpuls
0
Comments
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You basically dont repair your credit rating as such.
Usually in a trust deed everything would show on your file & then fall off so to speak after 6 years.
Your situation is unusual so sorry cant help.I am a Forum Ambassador and I support the Forum Team on Mortgage Free Wannabe & Local Money Saving Scotland & Disability Money Matters. If you need any help on those boards, do let me know.Please note that Ambassadors are not moderators. Any post you spot in breach of the Forum Rules should be reported via the report button , or by emailing forumteam@moneysavingexpert.com. All views are my own & not the official line of Money Saving Expert.
Lou~ Debt free Wanabe No 55 DF 03/14.**Credit card debt free 30/06/10~** MFW. Finally mortgage free O2/ 2021****
"A large income is the best recipe for happiness I ever heard of" Jane Austen in Mansfield Park.
***Fall down seven times,stand up eight*** ~~Japanese proverb. ***Keep plodding*** Out of debt, out of danger.
One debt remaining. Home improvement loan. 21 months left.0
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