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Scottish Trust Deed Forum
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Topic starter
22/03/2016 11:11 pm
I have the old mortgage-style student loans from before 1997 that I've been deferring payment on as my salary was under the threshold. When I opened my TD I was advised my student loans would be kept separate.
I'm potentially getting a salary increase which may put me over the deferment threshold. I need to see my payslip to see the final numbers so I can discuss it with my trustee, but wanted to know if student loan repayments are taken into account when looking at income and expenditure? The repayment Erudio has quoted is likely to wipe out my salary increase and I'm worried my trustee will put my TD payment amount up, leaving me worse off overall. I'm finding it a struggle month to month as it is.
Has anyone here been in a similar situation?
23/03/2016 9:17 am
Hi shadow79.
In such circumstances I'd imagine that your trustee will take a practical view about this and work with you to ensure that your trust deed payment remains affordable.
Qualified Debt Adviser & Forum Administrator - Ask me anything about Trust Deeds 
Topic starter
23/03/2016 10:14 am
Thanks for the reassurance, TDA. I'll be speaking to them today or tomorrow. Fingers crossed!
Topic starter
24/03/2016 11:02 am
Hi, just wanted to give a quick update. I called the trustee this morning and they've sent out an income and expenditure form for me to complete. They said exactly what TDA advised - they'll take that into account alongside my pay increase and work with me to agree what's affordable.
24/03/2016 11:46 am
Hi shadow79,
It's good to hear your Trustee has taken a sensible approach to this.
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