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Topic starter
18/03/2011 10:17 pm
Hi,
Just another quick question if you dont mind.
I have recalculated some of my expenditure and have found that i may be able to pay a bit more a month into my trust fund if it is accepted, Am i able to make bigger monthly payments to my trustee?
i am currently in the 5 week waiting period and wondered if i should wait to see if it is accepted first and then increase payment if i can or try to increase now??
Your advice is greatly appreciated
paul moore
18/03/2011 10:24 pm
Hi pm152 and welcome back.
You really are being incredible honourable (in this and your last thread) about wanting to pay as much as you can towards your debts.
It might be best to be led by the experience of your Trustee on this.
Cutting things too tight could result in missed payments later on if something were to go wrong (classic examples might be car repairs, or replacing broken household goods like a washing machine).
Making sure you can keep up with the payments for a few months is probably a good idea. If you eventually find that you have built up a decent surplus I'm sure your trust deed company will have no objection to you making an additional sum available, at some point in the future, to help repay your creditors.
Qualified Debt Adviser & Forum Administrator - Ask me anything about Trust Deeds 
Topic starter
19/03/2011 11:48 am
Hi,
Many thanks for your advice, ill have a word with them and see what they say for now.
I genuinely want to pay back what i owe as i feel i got myself into this mess, by entering into the trust deed i was looking for a bit of leeway rather than having debts written off.
Just hoping it will become protected but we shall see
thank you very much for your help
paul moore
