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Scottish Trust Deed Forum
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Topic starter
19/12/2012 8:39 pm
Hi
I have a few queries about the 6 month review process and wondered if anyone can help?
I have been sent the paperwork for the review asking for bank statements and wage slips etc. It also comes with an estimate income / expenditure thing that is already filled in and has a section at the bottom to sign. Also there is a blank income / expenditure thing and a bit at the bottom to sign.
I have not had any increase in wages or anything. I am happy to keep paying the contribution I agreed to over the time scale agreed to.
My questions are:
1) can i just sign the estimated income / expenditure sheet that when subtracted leaves exactly £300 (my monthly contribution) even though most of the figures are incorrect (both some higher and others lower etc)
2) If the answer to above is no (and all the figures for gas elec sky etc need to correspond exactly with my bank statements) should i just arrange the expenditure so that it will leave me exactly £300 again to save any hassle? By that I mean set food /clothing / whatever else there is / to a figure that will leave £300? I dont want it to leave me with £450 or whatever then my monthly contribution gets increased to that and there is no room for maneouver for car repairs, emergencies etc. On the other hand, I dont want it to be £200 left and then they say it will get reduced to £200 and the trust deed last for longer....
Basically I just want it to stay as agreed and have the least fuss possible and just pay my monthly payment as agreed for the next 2 1/2 years. Obviously I appreciate if i get a wage rise at some point the monthly payment will increase but that is not the case here.
If anyone who has done one of these review things could give me advice then it would be greatly appreciated before I start filling out the form.
Thanks in advance
Steve
steve
19/12/2012 8:53 pm
Hi steve1984.
I think you should probably amend income or expenditure figures that have changed so that there is a current and realistic record. Changes may be picked up from your bank statements anyway.
The trust deed wasnt agreed to run for the full term at £300. The payment can change if circumstances improve or worsen.
Has anything got a lot cheaper for you? If not, and without a pay increase, it seems unlikely that your payment will change now.
Qualified Debt Adviser & Forum Administrator - Ask me anything about Trust Deeds 
19/12/2012 9:17 pm
Hi Steve1984
I'm two years into my trust deed and have done three reviews. My feeling on this is that the figures in your budget have been agreed and it's probably better to stick with them unless there's some change to your circumstances that you need to report. Bear in mind they are an estimate of what's to come and the best that you can predict is that some things like energy bills will go up slightly. You managed to get by last year by turning the heating down but prices have gone up now so your bills will be bigger.
20/12/2012 2:33 pm
Hi steve1984,
I assume that this is the first time since you entered your Trust Deed that you have had to complete the 6 monthly review.
If you're worried what to put down I would give your case administrator a call to discuss. As TDA said, if you haven't had a salary increase etc then it is unlikely that your contributions will increase.
A degree of flexibility should be allowed for fluctuating expenditure over the course of your Trust Deed.
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