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Scottish Trust Deed Forum
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Topic starter
15/05/2013 11:46 am
Hi all,
I am in a PTD due to end this year around October. My payments increased in October last year due to income & expenditure to £496 this was higher than the forecasted plan set out, which at the time i was happy with, since January though my average payslip has been on average £450 less than my usual due to a seconded position which didn't have as much bonuses but was a good move career wise. Would they be able to revise my £496 payment due to this as this figure is now about a 3rd of my wage? Most months is a hard struggle but don't want to rock the boat.
Excellent forum and glad I found this albeit close to te end of my PTD.
Thanks in advance.
15/05/2013 12:13 pm
Hello Discopc and welcome to the forum.
Your contribution probably should be reduced if your income has reduced substantially. I'd ask your trustee for the figures to be reviewed.
It might be worthwhile confirming whether any suggested reduced payment will have any influence over the end date of your trust deed.
Qualified Debt Adviser & Forum Administrator - Ask me anything about Trust Deeds 
15/05/2013 1:10 pm
Your trustee can't have it both ways - looking for more money when it is available but then not reducing it back again when it is not. Speak to them and I would hope they would be reasonable - especially if the total you end up paying in is still more than you had originally proposed.
Scottish Debt Solutions Expert - Ask me for help setting up a Scottish Trust Deed or Debt Arrangement Scheme plan.
15/05/2013 1:56 pm
Hi Discopc,
Well done on almost getting to the end of your Trust Deed. The end is in sight.
As Kevin said, they can't have it both ways. Give them a call and advise that your income has reduced and that you need to discuss a revised contribution. Provide them with copies of your payslips to evidence the reduction in your income for the period if they question this.
Would you be reducing your payment to less than the original payment that was proposed to your creditors at the outset?
I would be surprised if they do not reduce your payments.
David is not currently posting in the Trust-Deed.co.uk forum
Topic starter
16/05/2013 12:05 am
Hi,
Thanks to you all for taking your time to reply, I will get some recent payslips since the last review in October ready in order to give to them and hopefully get it back to the proposed pay, I had no qualms paying more to it but since February my pay has dropped and it is tough. I shall keep you all updated.
Thanks again
16/05/2013 8:10 am
Contributions are based on net free income. Full stop. Whether this increases or decreases the contribution should reflect this.
Rob is not currently posting in the Trust-Deed.co.uk forum.
Topic starter
16/05/2013 12:00 pm
I have phoned them and we can do another I&E, my last payment is due in September ! so even for the next 2 months If I can be amended and another I&E done for last remaining months. I paid half of Aprils £250 so still have £250 owing and £500 has been paid this month, they may back date this on the findings of the I&E so might not have the £250 to pay.
Another big relief as I so get anxious around anything that crops up, this forum has helped me and thanks agin to you experts.
16/05/2013 4:49 pm
No problem discopc. Sounds like you'll be out even sooner than you thought! I think that's what they call a Brucey bonus.
Scottish Debt Solutions Expert - Ask me for help setting up a Scottish Trust Deed or Debt Arrangement Scheme plan.
