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Tomlin order

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sillysladey
sillysladey Posts: 44 Forumite
edited 21 June 2016 at 10:47AM in Debt-free wannabe challenges
Hello everyone,
I've recently negotiated with a solicitors a Tomlin order whereby I am required to repay £700 PCP until April 17. The problem is my circumstances have since changed and my monthly disposable income has reduced significantly. is there any way, once a Tomlin order is in place, the repayment amounts can be reduced? I'm looking to reduce to £400-£500 pcm?
Many thanks

Comments

  • Hello everyone,
    I've recently negotiated with a solicitors a Tomlin order whereby I am required to repay £700 PCP until April 17. The problem is my circumstances have since changed and my monthly disposable income has reduced significantly. is there any way, once a Tomlin order is in place, the repayment amounts can be reduced? I'm looking to reduce to £400-£500 pcm?
    Many thanks
  • HappyMJ
    HappyMJ Posts: 21,115 Forumite
    10,000 Posts Combo Breaker
    Hello everyone,
    I've recently negotiated with a solicitors a Tomlin order whereby I am required to repay £700 PCP until April 17. The problem is my circumstances have since changed and my monthly disposable income has reduced significantly. is there any way, once a Tomlin order is in place, the repayment amounts can be reduced? I'm looking to reduce to £400-£500 pcm?
    Many thanks

    Wouldn't it be best to speak to your solicitor?

    Not keeping to the terms of the order can land you in court which this is intended to avoid.
    :footie:
    :p Regular savers earn 6% interest (HSBC, First Direct, M&S) :p Loans cost 2.9% per year (Nationwide) = FREE money. :p
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