Credit Card Debt after AOR

[primeo5]

Greetings to all my fellow members,

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.

Your support is appreciated.

 

[primeo5]

Refreshing the post with reply. Thank you.

 

[dotslash227]

Is the Proof of fund kept in a separate bank account or a fixed deposit or something similar?

 

[primeo5]

Is the Proof of fund kept in a separate bank account or a fixed deposit or something similar?

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.

 

[dotslash227]

You need to keep the minimum required for at least 6 months, your bank account's 6 month average should not be less than required amount.

I would advise you to transfer the funds you received from your father to a fixed deposit and let it be there and make no changes to it.

 

[primeo5]

You need to keep the minimum required for at least 6 months, your bank account's 6 month average should not be less than required amount.

I would advise you to transfer the funds you received from your father to a fixed deposit and let it be there and make no changes to it.

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

 

[dotslash227]

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.