Hi all,
Got an ITA and in the process of collecting docs however I need advise on my situation.
4 months ago I availed the balance transfer (convert credit card limit as cash deposit to my savings account), which is $10000 - to fund my business. In the following months I am also able to save $4000~$4500 which is from my payroll. Before I took the balance transfer I only have ~$2000 in that account.
I would submit past 6 mos bank statements and all of these transactions would reflect. Though I managed to save the required funds (CAD 12,XXX) on top of the balance transfer amount deposited to my account, I am having doubts if this can negatively affect my application.
Any thoughts? TIA!
Got an ITA and in the process of collecting docs however I need advise on my situation.
4 months ago I availed the balance transfer (convert credit card limit as cash deposit to my savings account), which is $10000 - to fund my business. In the following months I am also able to save $4000~$4500 which is from my payroll. Before I took the balance transfer I only have ~$2000 in that account.
I would submit past 6 mos bank statements and all of these transactions would reflect. Though I managed to save the required funds (CAD 12,XXX) on top of the balance transfer amount deposited to my account, I am having doubts if this can negatively affect my application.
Any thoughts? TIA!
