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Spare cash

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(@amorphous)
Trusted Member
Joined: 15 years ago
Posts: 96
Topic starter  

Just completed my 6 month review.

Due to a slight increase in my take home pay, I have an extra £40 per month difference between income and expenditure. I have been scrupulously honest, and declared this on the form.

Do you think my monthly contribution is likely to go up, or will I be allowed to keep the little extra cash?



   
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TDA (Debt Adviser)
(@tda-debt-adviser)
Illustrious Member
Joined: 17 years ago
Posts: 13594
 

Hi there amorphous.

It's hard to know. It seems like a "cost of living" type pay rise so inflation may be taken into account.

Having said that, your trust deed firm are likely still to seek what the income and expenditure exercise suggests you can reasonably afford.

It would be interesting to hear the outcome.


Qualified Debt Adviser & Forum Administrator - Ask me anything about Trust Deeds


   
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Kevin Mapstone
(@kevin-mapstone)
Member Admin
Joined: 17 years ago
Posts: 4253
 

As trust deed assistant says, your living costs are likely to have gone up too due to inflation, so as long as you are also putting this down too then any change should be minimal


Scottish Debt Solutions Expert - Ask me for help setting up a Scottish Trust Deed or Debt Arrangement Scheme plan.


   
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