Notifications
Clear all
Scottish Trust Deed Forum
5
Posts
4
Users
0
Reactions
1,725
Views
Topic starter
12/01/2010 7:43 pm
My husband and I both have a Protected TDs. My husband may need to change job which will have a lower income. I wondered if he would be able to pay less to his TD as his income would be reduced. Thanks for your advice.
13/01/2010 9:16 am
Good morning casperdog,
I think this is a subject to be discussed with your Trustee.
They understand that circumstances can change during a Scottish Trust Deed and shouldn't expect you to pay money that is needed for other essentials.
In some circumstances people may end up paying a little less each month for a few extra months for example.
Qualified Debt Adviser & Forum Administrator - Ask me anything about Trust Deeds 
13/01/2010 9:31 am
Hi Casperdog,
You will need to let your Trustee know as soon as your circumstances change.
Our firm would ask you to complete a status report and we would re-assess your income and expenditure. If your disposable income had reduced we would reduce your contribution accordingly.
Julie
Julie is not currently posting in the Trust-Deed.co.uk forum.
Topic starter
13/01/2010 11:39 am
Many thanks for your replies. If this happens with my husband's job I will contact my Trustee for advice. Regards
13/01/2010 12:13 pm
Hi casperdog
I don't think this will be a problem. We have a small number of cases where the contribution had to be reduced and the period of the Trust Deed extended slightly with no difficulty.
Mark
Mark is not posting regularly in the Trust-deed.co.uk forum.
