Hello Trusted79 and welcome.

The PPI payment is a bit of a red herring here. It's a separate issue and would generally always have to be paid into a trust deed.

Will your dad write to your trustee to confirm that he gave you the £2000 and the reason why? Presumably it would be on his bank statement? Is your trustee already aware that it came from him?

Are the underpayments connected to the overtime that you mention? Is there a fixed percentage of overtime that you are expected to pay over to your trust deed?

There aware that it came from my dad, they said I'd need a receipt from the plumber, but truth be told, cant even remember who done the work for me, was recommended by an old work mate, the underpayments are due to the fact they took into consideration the £6500 that I was never paid as I had 2 jobs at the time plus overtime that I've done over the 2 years, I'm just so frustrated as I have a wife at university and a young family. I'm the only one bringing in a wage.

Was originally on a 5 year loan with interest frozen, where I had set payments but was convinced after 6 months by the trust deed company that with a trust deed I'd have my debt repaid after 3 years which is now not the case and my payments although they started off the same are now a lot more.

There is a percentage on overtime & bonuses but as far as I'm concerned I'm still struggling every month regardless and they only every do a yearly review although I always sent in bank statements and payslips.

I know I got myself into this mess and I'm fully prepared to get out of this but I just feel that I'm getting nowhere, including the money that I got from the ppi to date in to years I've paid back £10664 on £15000 debt I'm allegedly due £4500 in underpayments, that would take it to over £15000 which is what I'm due and I've still got 2 and bit years to go and as far as led to believe my payments will now be over £300 a month.

Doesn't seem fair to me?

I can't see how they can justify asking you for a contribution from income that you never received (am I reading that correctly?). It should just be a case of proving that you weren't paid this other income and then asking them to recalculate.

Can you not show a P60 for the relevant period to prove this?

I do not understand why you have to pay more than your debts were?

Hi gczuczwa.

A trust deed only writes off what you cannot afford to repay.

If circumstances improve you can therefore find yourself paying back the full amount that you owe. In addition, if you can afford to, you'll need to pay interest on the debts and the trust deed fees also.

Thats the thing with a trust deed. You get interest and charges frozen,nobody can take action against you and you pay what you can afford for a period of time. In return if you win the lottery,get left money from your long lost auntie mabel,or get a new job with much more wages then you will be expected to pay more back.

I would happily have repaid my debts in full had I been able to afford it but we couldnt and our situation was not getting any better therefore it was a good option(truth be told it really was the only option).

Paul

I think sometimes the easiest way to look at it is to swap places and imagine you we're a creditor. The trust deed should provide a fair balance between both.

The vast majority have no changes throughout the period, however these is a requirement for the trustee to carry our reviews of circumstances.

Mark