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Topic starter
15/05/2020 12:40 pm
Hi everyone just looking for some information here please,if someone was already in a protected trust deed and payiny £200 per month into it,and your net monthly wage falls by £260 per month,does your payment fall significantly to readjust and take longer than the 48months that was agreed at the start of your trust deed,thanks in advance.
15/05/2020 12:51 pm
Hi Billyboy1
Your only obligation is to pay in what you can afford, so if your income falls significantly then you should let your trustee know and they should adjust your contribution accordingly.
The term shouldn't be extended if the reduced contributions are due to a change of circumstances beyond your control.
Scottish Debt Solutions Expert - Ask me for help setting up a Scottish Trust Deed or Debt Arrangement Scheme plan.
Topic starter
15/05/2020 1:28 pm
Hi kevin thanks for qick response, yes out of my control could soon be coming off continental shifts on to a 3 shift pattern demand in my department has changed so doesn't need to work 24/7 .but when it does change we are still getting our normal wage for 3 months and phased into the lower wage,but yes out of my control here,and could happen in the next few months,cheer kevin.
