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Scottish Trust Deed Forum
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Topic starter
19/01/2010 11:53 am
Hello,
Looking for some help, I signed a trust deed in 2008 and still have 2 years to pay on it.
I pay ?ú150 each month, however I won't be able to pay anything near this whilst on maternity pay.
I will be earning a quarter of my monthly salary, can someone tell me if my payments can be reduced?
Thank you
[:)]
19/01/2010 1:04 pm
Hello charleyx25 and welcome to the Scottish Trust Deeds forum.
You might be able to reduce payments temporarily and then make it up through continuing contributions for a little longer than originally envisaged. It might be a good idea for you to contact your Trustee to discuss this.
Hopefully our experts might be able to confirm how their firm would deal with a similar situation if it arose for one of their clients...
Qualified Debt Adviser & Forum Administrator - Ask me anything about Trust Deeds 
Topic starter
25/01/2010 3:17 pm
thank you very much for your help.
Charlene
quote:
Originally posted by Trust Deed Assistant
Hello charleyx25 and welcome to the Scottish Trust Deeds forum.You might be able to reduce payments temporarily and then make it up through continuing contributions for a little longer than originally envisaged. It might be a good idea for you to contact your Trustee to discuss this.
Hopefully our experts might be able to confirm how their firm would deal with a similar situation if it arose for one of their clients...
26/01/2010 12:40 pm
Hi Charlene
There is usually some flexibility available in a protected trust deed to take account of changes in circumstance, such as what trust deed assistant describes - contact your trustee and hopefully they will be able to agree an alternative arrangement.
Scottish Debt Solutions Expert - Ask me for help setting up a Scottish Trust Deed or Debt Arrangement Scheme plan.
