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Scottish Trust Deed Forum
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Topic starter
17/08/2014 1:30 pm
I have the chance to move to full time in my work.
The way it would work out would be I would be full time for 3-4 months before reaching the end of my PTD.
I know I won't benefit from more income during this period but. I wanted to check out if because I will now have a lot more to contribute to the deed, is there a chance my trustee would want to extend the term beyond three years to allow my creditors to benefit more fully from my change of circumstances?
It's a straight forward deed in that I have no assets.
Thanks
18/08/2014 10:20 am
Hi downandout,
Your Trust Deed term would not be extended simply because your circumstances have improved, you'll be glad to know. You have signed up over a specific period and it would only be if you had missed payments or were having to pay extra to retain assets that your payments would be extended.
Scottish Debt Solutions Expert - Ask me for help setting up a Scottish Trust Deed or Debt Arrangement Scheme plan.
