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Topic starter
25/06/2015 5:45 pm
Hi,
I currently pay £200 a month to my trustee from an annual wage of £27K.
I have been offered a new job (subject to them presenting a business case to take me on as I will fail the credit check) they have advised his should go through. It is with RBS.
They have offered a Salary of £33K so was wondering if my trustee will take a proportion of that increase every month from £200 to say £250 or would they take the full amount of the increase?
Any advice would be appreciated
25/06/2015 10:30 pm
Hi Commando1,
Any increase in income doesn't nessesarily mean an automatic increase in payment. Your Trustee should review your budget again to see what level you can increase your payment to. I think it's probably likely thst with a £6,000 per year increase that will be asked to increase your payments but it should be fair and reasonable.
Good luck with things, I hope you get the new job. Let us know how you get on.
David is not currently posting in the Trust-Deed.co.uk forum
26/06/2015 9:01 am
The deal is that you pay whatever you can afford, Commando1. It may be that your Trustee will be willing to allow a greater amount for your living costs, so you get to benefit from some of the wage increase, but I think it is likely that much of the extra income will have to be paid in to your Trust Deed.
At least you will have the satisfaction of knowing that more of your debt is being repaid - and of course can look forward to enjoying the extra income once your Protected Trust Deed ends.
Scottish Debt Solutions Expert - Ask me for help setting up a Scottish Trust Deed or Debt Arrangement Scheme plan.
Topic starter
26/06/2015 5:05 pm
David/Kevin
Thanks very much for your advice.
I have no issue in paying more to my Trustee but would like to think that you would be able to enjoy some of the extra income as you stated in the reply.
Will keep you posted once the Credit Check is done!
