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Can anyone help please? Trust Deed Questions

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Hi all
Hope you can help.
I have a Scottish Trust Deed which is the same as an IVA basically.
It is for 3 years. The 3 years are up in May, which in theory, is when I should make my last payment. Whilst paying my dues, I took a better but lower paid job. My trustees allowed me to reduce my payments each month whilst on the probation period at work, after which the wages went up, and my payments to trustee went back to what they were. Also, 6 months ago, I married and my husband moved in with me.
I know trustee will probably extend my deed, will it just be for 6 months to cover the 6 months I made lower payments? And will the amount be just the shortfall for those 6 months?
My husband has nothing to do with my debt, I didn't even know him then, so I am reluctant to put his details down on the latest income/expenditure.(Why should he be liable for something that has nothing to do with him) He does know about all of this, and he just tells me not to worry. Though we now live together, my disposable income has not changed.
I am worried about this, and am wondering if anyone can give any advice at all?
I also apologise for the long winded story.
Thank you for reading.

Comments

  • Charco_2
    Charco_2 Posts: 1,677 Forumite
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    Putting your husband's details on the I&E would not make your husband liable for the debts
    Would you ask the wolves to look after the sheep?
    CCCS funded by banks
  • sharalee99
    sharalee99 Posts: 639 Forumite
    Photogenic First Anniversary Combo Breaker I've been Money Tipped!
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    Thank you. And can I just say, I have just called my trustee, I should have done that in the first place. He was very helpful and I can now see the light at the end of the tunnel.
  • Charco_2
    Charco_2 Posts: 1,677 Forumite
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    Excellent!

    What did they say? Any extension? Shortfall or Full payments?
    Would you ask the wolves to look after the sheep?
    CCCS funded by banks
  • sharalee99
    sharalee99 Posts: 639 Forumite
    Photogenic First Anniversary Combo Breaker I've been Money Tipped!
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    Yes, there is a shortfall, which I knew there would be anyway. But trustee said I have many options. I can just continue paying my agreed amount and extend for another 9 months. Or I can up my payments per month and reduce time remaining. Or I can pay lump sum. Or I can pay same amount each month, and if I have any extra I can send a cheque on top. Or I can pay smaller lump sum and smaller monthly payments. They cannot force me to go over original agreed amount that I signed up for. He gave me so may optins and was really kind and helpful.
    At the end of the day, he said, when you sign up for a deed, you agree to pay a certain amount in total. I am £1000 short of that agreed amount. I have also spoken to my husband, and we are going to to some maths when he gets home. Think I will opt for a lump sum (kindly donated by hubby-probably half the amount) and up the payments to as much as I can manage for 3 or 4 months.
    I am so relieved I can tell you!
    My advice to anyone else, speak to your trustee, thats what they are there for, don't be scared!
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