Please kindly help me out with my query related to credit card debt.
For POF, I've submitted two instruments:
1) Bank statements showing settlement funds for one person ($12669).
2) Latest credit card statement after paying it off completely ($0).
After AOR, I've now a credit card debt of $4,000 accumulated within 3 months time. These are routine expenses which I'm paying off regularly with my salary.
I need to know whether this credit card will affect my POF in any way.
Proof of fund is a bank deposit supported by gift deed. From this account I pay off credit card dues regularly after receivig salary. Credit card is also from the same bank. Thank you.
Thank you for your reply. I'm maintaining that minimum ($12669) since 3 months and making no changes to it.
The only change is that my salary gets deposited periodically into that account which raises that mininum and I pay off my rent and routine expenses which are through my Credit Card.
The only difference is that during AOR, credit card balance was 0 and now it's $4000 which will get reduced in a month or so.
My query was whether this credit card debt will affect my POF in any way because it's a rotating debt which goes up and down time to time with expenses and income. Thank you
Thank you for your reply. I'm maintaining that minimum ($12669) since 3 months and making no changes to it.
The only change is that my salary gets deposited periodically into that account which raises that mininum and I pay off my rent and routine expenses which are through my Credit Card.
The only difference is that during AOR, credit card balance was 0 and now it's $4000 which will get reduced in a month or so.
My query was whether this credit card debt will affect my POF in any way because it's a rotating debt which goes up and down time to time with expenses and income. Thank you
Still, I would suggest you to keep the canadian funds in a different account and just let it be there until you do your landing. This is what many do and what I am doing.
