Im currently under a trust deed and only have one year left. Although this sounds like a "nearly there" story, ive suffered 7 months of unemployment, and i underpayed my trust deed agreement for 1 year [by a considerable amount]. recently my income has increased and im now able to pay at least half of the agreed monthly payment sum. Recently, after a conversation with my employer - whom i trust - i was offered 2 payments which collectively will pay off my trust deed. The conditions - simply work hard and pay back sums if and when i can manage. My question is: Is this allowed? and although im not borrowing the money on a formal basis and my employer will write with the first installment confirming a second instalment will follow in a matter of months - will this cause problems with the holder of my trust deed?