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Scottish Trust Deed Forum
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Topic starter
05/01/2017 9:11 pm
Hi everyone,
I need some advice I have been in a Trusteed for 6 months now and received a letter
Requiring me to send them 3 months bank statements and payslips to review my current income and expenditure from my 12 month anniversary date, my first question is ,is this the date I got protected or when I first signed the documents when the advisor came round to my house ? As we signed papers last January when a advisor came round to my house, and there was a carry on with the company we were with as they got the documents wrong 3 times and we signed the papers again in April and got protected in May,
With my work I haven't worked overtime for months and just recently I have being doing overtime and been on call for the last 3 months, how will the company deal with this will they charge me more per month ?
I hope someone can help me.
Many thanks
05/01/2017 10:23 pm
Hi Brodie and welcome to the forum.
It sounds like things didn't get off to the best of starts on your Trust Dees journey. Sorry to hear that.
The review normally takes place 12 months from the date you signed the Trust Deed as this is the legal start date.
If your income has changed and you have earned more then there is a possibility that your payments could be increased. Sporadic overtime is a little difficult to manage and sometimes it needs to be done on a week/monthly basis.
Was overtime something that was discussed with you at the outset of your Trust Deed when you were speaking to the advisor?
Ultimately your payment to the Trust Deed should always be based on affordability and it could be the case that even although you have earned more your bills could be more.
Give your Trustee a call and discuss things with them and you can let us know how you get on.
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