Black Horse still reporting despite Trust Deed

flip01

Hi Folks

I had a Protected Trust Deed (Similar to an IVA) which was completed in 2009. I have checked my credit file and my only bad piece of history is one of my creditors, Black Horse, have still been reporting on the defaulted loan that was part of the Trust Deed.

The Trust Deed started in 2005, and was complete by 2009. Black Horse reported monthly to the credit ref agency and noted a default in Dec 2009. I cant remember exactly but i think the Trust Deed was arranged before this loan went into default.

Regardless, I don't think the reporting was right, any advice?

fermi

If they are to record a default, then the default date MUST be no longer than the start date of the trust deed.

Complain.

fermi

You will need to dispute the entry, which normally you would do via the CRA and by writing to the creditor. If included in the trust deed, writing to the creditor is fine, as the trust deed means they can't do a thing about the debt apart from take it off your credit file.

The process of sorting it is essentially the same as this one:

click ---> Credit Reference File Clean Up Post Bankruptcy

In your case, you would:

- reference the TD instead of a bankruptcy
- require that they change the default date to that of the start of your TD. As that is 2005, then that would in effect remove it from your report.
- require them to mark and record it as settled as per the finish date of your TD.

If they refuse, then you take complaints forward with both the FOS and the ICO.

flip01

Cheers Folks, trust Black Horse to get it wrong

flip01

In fact i will get my experian report too just to check if it's on that before I start sending off letters, i will let you know the outcome, Thanks!