Proof fund- Did not include join car loan

[seekingCR2]

Hi All,

My apologies for creating this thread. My wife is a primary applicant. I and my wife were a co-signer for the car loan. I believe I was a primary applicant for a car loan. When I looked at my car loan statement then I did not see my wife name on the statement. Therefore, we did not disclose the car loan. After submitting i did some research and it looks like co-signer is also liable for the car loan. Then i talked to car loan bank and they said they can send me a statment with my wife name.

We have already submitted our PR application under express entry and did not disclose the car loan since i was the primary applicant for car loan. Would that be a problem? is there any way i can submit car statement to CIC now?

 

[prasenjit1986]

Hi All,

My apologies for creating this thread. My wife is a primary applicant. I and my wife were a co-signer for the car loan. I believe I was a primary applicant for a car loan. When I looked at my car loan statement then I did not see my wife name on the statement. Therefore, we did not disclose the car loan. After submitting i did some research and it looks like co-signer is also liable for the car loan. Then i talked to car loan bank and they said they can send me a statment with my wife name.

We have already submitted our PR application under express entry and did not disclose the car loan since i was the primary applicant for car loan. Would that be a problem? is there any way i can submit car statement to CIC now?

Hi,

Why do you want to disclose the car loan? CIC asks for Proof of Funds as part of the application process and car loans don't count as proof of funds. In my opinion, you needn't disclose car loan - else you might as well disclose credit card statements also.

 

[santhkum90]

Hi All,

My apologies for creating this thread. My wife is a primary applicant. I and my wife were a co-signer for the car loan. I believe I was a primary applicant for a car loan. When I looked at my car loan statement then I did not see my wife name on the statement. Therefore, we did not disclose the car loan. After submitting i did some research and it looks like co-signer is also liable for the car loan. Then i talked to car loan bank and they said they can send me a statment with my wife name.

We have already submitted our PR application under express entry and did not disclose the car loan since i was the primary applicant for car loan. Would that be a problem? is there any way i can submit car statement to CIC now?

There is not aq problem with your current situation. You don't have to provide any updates for your scenario.

 

[seekingCR2]

Hi,

Why do you want to disclose the car loan? CIC asks for Proof of Funds as part of the application process and car loans don't count as proof of funds. In my opinion, you needn't disclose car loan - else you might as well disclose credit card statements also.

I know for sure you have to disclose credit card or personal loan. I did disclose credit card statement. I was not sure about car load because such kind of loan is based on your future income and also this is a asset based loan. Bank can get money back after selling your car. That is why i was not sure if i should include it or not.

 

[seekingCR2]

There is not aq problem with your current situation. You don't have to provide any updates for your scenario.

Thank you for your reply and i agree with you.

 

[samuelrajsrinivasan]

My POF account is diff from my car loan so I plan to skip it altogether, but I don not have a credit card at all. Should I mention in LOE that i dont have to provide CC statements?

 

[canadian_techie1]

@seekingCR2 can you share what happened to your application? Thanks!

 

[iSaidGoodDay]

@seekingCR2 can you share what happened to your application? Thanks!

They applied for Canadian citizenship and passed the test: https://www.canadavisa.com/canada-immigration-discussion-board/threads/december-2022-citizenship-applicants.781857/page-203#post-10604739

Safe to say they got their PR.