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Funds issue credit card balance

akhil5293

Hero Member
Sep 8, 2011
662
11
124
Category........
Visa Office......
CPC Ottawa
Job Offer........
Pre-Assessed..
Nomination.....
Yes
Passport Req..
15-12-16
VISA ISSUED...
21-12-16
LANDED..........
30-12-16
Hi there I have the issue with funds. Well I have sufficient funds in my account, but also have the credit card balance. It it gonna be problem for me?? I have a TD and CIBC account what sort of letter I needed ???
 

nmeka

Hero Member
Jan 19, 2016
627
41
Category........
Visa Office......
ottawa
Job Offer........
Pre-Assessed..
AOR Received.
20-nov-2015
Passport Req..
03-may-2016
LANDED..........
24-May-2016
Generally they can give you a letter without including your liabilities(in this case credit card). Talk to them, I was successfull in getting the letter from TD without credit card balance (Was long time ago, Not for PR). Not sure about CIBC.
 

akhil5293

Hero Member
Sep 8, 2011
662
11
124
Category........
Visa Office......
CPC Ottawa
Job Offer........
Pre-Assessed..
Nomination.....
Yes
Passport Req..
15-12-16
VISA ISSUED...
21-12-16
LANDED..........
30-12-16
But Is there any problem if we don't disclose our credit cards and statements ??

I ask TD they said, we can't provide any letter. can someone help me out in this matter!
 

anarsoul

Hero Member
Jul 12, 2014
695
52
See http://www.cic.gc.ca/english/resources/tools/perm/express/intake-complete.asp

The applicant should provide an official letter(s) from one or more financial institutions that lists all current bank and investment accounts as well as outstanding debts, such as credit card debts and loans.
 

akhil5293

Hero Member
Sep 8, 2011
662
11
124
Category........
Visa Office......
CPC Ottawa
Job Offer........
Pre-Assessed..
Nomination.....
Yes
Passport Req..
15-12-16
VISA ISSUED...
21-12-16
LANDED..........
30-12-16
anarsoul said:
See http://www.cic.gc.ca/english/resources/tools/perm/express/intake-complete.asp

So its mandatory ??
 

coolhyd

Hero Member
Jun 1, 2012
731
28
akhil5293 said:
So its mandatory ??
Yes it is. Do you have a Canadian Experience of one year or more?

If you qualify for CEC, then you don't have to worry about funds.
 

akhil5293

Hero Member
Sep 8, 2011
662
11
124
Category........
Visa Office......
CPC Ottawa
Job Offer........
Pre-Assessed..
Nomination.....
Yes
Passport Req..
15-12-16
VISA ISSUED...
21-12-16
LANDED..........
30-12-16
coolhyd said:
Yes it is. Do you have a Canadian Experience of one year or more?

If you qualify for CEC, then you don't have to worry about funds.
I am going to apply in FSW!! I have funds I am only concerned about the credit card balance which I have almost 35% of the funds
 

coolhyd

Hero Member
Jun 1, 2012
731
28
akhil5293 said:
I am going to apply in FSW!! I have funds I am only concerned about the credit card balance which I have almost 35% of the funds
You need to mention everything. Don't try to mis guide CIC. In case if they find out that you are misrepresenting facts, you will be barred from entering Canada for 5 years.

I would suggest you to borrow the money from a friend or relative and pay off the credit card bill.
 

akhil5293

Hero Member
Sep 8, 2011
662
11
124
Category........
Visa Office......
CPC Ottawa
Job Offer........
Pre-Assessed..
Nomination.....
Yes
Passport Req..
15-12-16
VISA ISSUED...
21-12-16
LANDED..........
30-12-16
But the credit card carrying balance is different from the bank accounts!!