Confusion on Submitting POF docs.

[jagan542]

Hello All,

I recently took personal loans from 2 lending companies. My primary bank statement that has my paychecks deposited has enough balance as per the CIC requirements.

I am confused, whether to show these outstanding loans in my letter or not. Kindly, suggest.

 

[navinball]

Hello All,

I recently took personal loans from 2 lending companies. My primary bank statement that has my paychecks deposited has enough balance as per the CIC requirements.

I am confused, whether to show these outstanding loans in my letter or not. Kindly, suggest.

if you show these they will deduct this amount from your bank balance and that will be your total funds. if its less than required then your application will be rejected.

 

[jagan542]

if you show these they will deduct this amount from your bank balance and that will be your total funds. if its less than required then your application will be rejected.

Thanks for the quick reply.
I am confused whether to show these loan or just skip it?

 

[navinball]

Thanks for the quick reply.
I am confused whether to show these loan or just skip it?

are these loans from big banks or lenders, do they make loan information public so that it might come up during a background check, if not im tempted to say skip it.

 

[hamgha]

if you show these they will deduct this amount from your bank balance and that will be your total funds. if its less than required then your application will be rejected.

If for example it's a car or housing loan they won't be deducted

 

[mr.preetsingh]

Hello All,

I recently took personal loans from 2 lending companies. My primary bank statement that has my paychecks deposited has enough balance as per the CIC requirements.

I am confused, whether to show these outstanding loans in my letter or not. Kindly, suggest.

Do not show them, Just put POF document.

 

[jagan542]

Thanks all for your replies.

 

[jagan542]

Do not show them, Just put POF document.

Thanks Preetsingh.