Hi i am have been in a protected trust deed for over a year and am still struggling on a month to month basis however i have a full time job and have recently recived a promotion with a large pay increase,however this is on a six month trial basis and i am wondering if this is a matter i have to notify my trustee of ? I have have called my trustee regarding overtime pay in the past and was told that all non perminent payments are ok ? any advice appreciated thanks
Hello bryanzzzz,
Welcome to the forum and congratulations on your promotion at work.
You should inform your trust deed company about your pay increase. They can then decide whether or not your monthly trust deed contribution should change. I think it's likely to increase if your pay is going up a fair bit.
I think you should contact your trustee bryanzzzz. Congratulations on your promotion, however I'm afraid there is a good chance that your trustee will seek to increase your payments, even if it turns out to be only temporarily.
thanks for your advice i am planning on letting my trustee know as soon as i can, i was just unsure wether it was necesery for temporary payments but i guess better safe than sorry, thanks