Hi if I work overtime can this be paid into trust deed and does it come off the balance of my debt?
Hi Hf1998.
If you earn overtime your trustee will require that some or all of it is paid over into your trust deed. You should contact them to establish their expectation on this.
I think we fully covered what would need to be paid over in total to ensure an early release from your trust deed in a previous thread. Payments from overtime would count in the exact same way as payments from your regular income or any other source. I think this might be what you're getting at but let me know if you're asking about this from a different angle.
Hi thanks for replying...I was hoping to maybe work overtime or get a 2nd job pay this into trust deed along with regular payments from income & have full amount of debt paid d before 4 year.
Yes I remember all that too, I need to pay full amount of debt, interest plus all fees to finish trust deed early. I just wasnt sure if you could end up paying more than the original debt. Thanks
Thank you both for your info