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Topic starter
09/05/2025 6:36 pm
Hello all,
I am currently on a salary of 48k and sadly having to leave my role as its end of contract time and they don’t have the money to keep me. I interviewed for a new job massive drop in pay to 33k, 15k is going to be a horrible miss. However I need a job so have taken on and accepted this role starting at the end of June. I currently pay £289 a month however this is going to be most likely unaffordable I’m basically losing £1000 a month in pay. What are my options here? Has anyone been in this sort of position before.
Thanks
D
12/05/2025 10:26 am
Hi DCAM,
Sorry to hear you're having to leave your current role. The best thing to do is explain the situation to your Trustee. You can't be expected to maintain a contribution when you have such a material change to your income. There are a number of factors that your Trustee will consider, in particular, what would a reduction in your contribution mean for the return to the creditors. Your wider situation will need to be considered for a proper assessment, but there are options from a reduced contribution, to an extension of term, to other potential solutions.
Let us know how you get on
