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Earning extra money while in a trust deed

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 fifi
(@fifi)
Eminent Member
Joined: 13 years ago
Posts: 43
Topic starter  

Hi I'm in a trust deed and I am completely aware that if I was to receive a sudden wind fall or my salary was to increase (not likely working for the nhs:( ) that I would have to contribute more, as it should be as I take full responsibility for my debts. I just wondered if, in the months coming up to Xmas, I was to work an extra shift or so a month in order to try and get money for my kids Xmas, would this have to go towards the trust deed?

f lancaster


   
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Mark McFadyen
(@mark-mcfadyen)
Famed Member
Joined: 17 years ago
Posts: 4798
 

Hi fifi

I don't think the odd shift or two will make any difference.

It would need to be ongoing overtime or sizeable bonus.

Mark

Mark is not posting regularly in the Trust-deed.co.uk forum.


   
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(@plasticdaft)
Noble Member
Joined: 16 years ago
Posts: 1594
 

Really this will depend completely on your own trust deed firms take on things. We were allowed to do overtime(nhs staff as well so wasnt anything massive),and were allowed to keep it all so best advice is to ask your trustee what will happen and get the response in writing(even an email would do),so there is no discrepancy down the line at review time.

Paul

Trust deed completed Jan 2012,Trustee discharge Nov 2012.
A new dawn.


   
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TDA (Debt Adviser)
(@tda-debt-adviser)
Illustrious Member
Joined: 16 years ago
Posts: 13594
 

Hi fifi.

I totally agree with plasticdaft's advice here.

Qualified Debt Adviser & Forum Administrator - Ask me anything about Trust Deeds


   
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Chris Wardle
(@chris-wardle)
Estimable Member
Joined: 14 years ago
Posts: 249
 

I agree with the previous replies by Mark, plasticdaft and TDA. It would have to be a sizable amount of overtime or bonus for us to take it into consideration.

As plasticdaft said though, get something in writing to confirm this as different Trust Deed providers have different views on this.

Chris is not currently posting in the Trust-Deed.co.uk forum.


   
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 fifi
(@fifi)
Eminent Member
Joined: 13 years ago
Posts: 43
Topic starter  

Thanks everyone great advice. It def won't be mega bucks just the odd shift iv I can get it for Santa coming.

f lancaster


   
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(@plasticdaft)
Noble Member
Joined: 16 years ago
Posts: 1594
 

Aye old Santa doesn't come cheap!!!

Paul

Trust deed completed Jan 2012,Trustee discharge Nov 2012.
A new dawn.


   
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 fifi
(@fifi)
Eminent Member
Joined: 13 years ago
Posts: 43
Topic starter  

Yeah he's got a lot to answer for that Mr Clause he doesn't come cheap!

f lancaster


   
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(@plasticdaft)
Noble Member
Joined: 16 years ago
Posts: 1594
 

Has anyone counted the shopping days left til xmas yet???

Our trust deed is over but getting house repairs done so its another xmas on the cheap!!!!!(and not on the plastic!!!!!)

Paul

Trust deed completed Jan 2012,Trustee discharge Nov 2012.
A new dawn.


   
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