Hi,
I recently started a new full time job (I was part time previously) and my salary has increased by £700 monthly. My trust deed company have re-calculated my monthly payment as I expected however, it has increased by £580 per month. Is this right? I have been finding it difficult to manage hence the reason for going back to work full time, I did expect my monthly contribution to increase but not this much. I have spoken to TD firm and they assure me they cannot lower the increase and I have to pay it. Any advice?
As you've went full time, your day to day expenses may have went up as well - travelling, etc. Ask if your trustee could review your expenses. Remember that utilities and fuel have went up considerably. This may have an impact and if your last review was a while ago, it might be worth another look to see if there's anything that can be done.
Well done on the job though[:)].
Nothing left to discharge - everything's done and dusted!
I have talked to Trustees, they say they have given me max they can for utilities, food, fuel etc even though this does not cover my outgoings. I am so worried about this situation!