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Scottish Trust Deed Forum
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Topic starter
13/03/2011 7:31 pm
Hi,
I am in the final year of my TD and have sent away information in Dec to review my TD but my trustees have just informed me that they need to get copies off all my bank statements from Oct to Feb and copy payslips. I moved into another flat in Nov and pay rent by standing order to my landlord but I pay cash for some of the bills and they feel that looking at this I will have excess income. How can I prove this to them that I don't?
Also when I spoke to them in Dec they told me that my expenditure was fixed and they were only reviewing my income which has gone up but I have increased my payments!?!?!?
If they are reviewing my expenditure too, will they take into account the increased cost of living for things such as fuel?
Worried they are going to ask me to pay more money which I can't afford!!
13/03/2011 9:44 pm
Hello pm80 and welcome to the trust deed forum.
Perhaps you'll be able to get copies of the bills that you have settled with cash? That should do the job if there is no matching bank transaction.
Many expenditure items are covered by a set of guidelines that are updated from time to time. There hasn't been a very recent update so it's likely that much of your expenditure would be expected to be similar or the same as before.
Fuel for cars is somewhat different. There is flexibility in this area, normally, to account for whatever commute that people actually have. Therefore if fuel has gone up in price significantly this might be reflected, perhaps by being offset against any pay increase that might have been forthcoming.
In general, if your costs have increased (like they have for almost all of us) you should make this very clear at the review. The review should cover income and expenditure... with the outcome aim being that you continue to pay an amount that allows you to live reasonably while ensuring your creditors receive as much as you reasonably can afford to pay.
Qualified Debt Adviser & Forum Administrator - Ask me anything about Trust Deeds 
