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Proof of Funds- Declaring Credit cards and Auto loans

rej4capr

Newbie
Aug 11, 2020
1
0
Hello,

For my Proof funds, I have an account summary letter from Chase bank that states my current balance(around $16,000 USD) and average balance for 12 months which is around $5,000 USD. I've also taken account statements for the last 6 months since my bank does't give a proof of funds letter according to IRCC requirement. I have an auto loan and the repayment is reflected in my account statement. Should I have to declare my auto loan statements? Should I also declare my credit card statements which is from a different bank (I use this account to pay for that credit card and it is also reflected in the statement).

Summing it up, do I declare my car loan or not? Will they subtract the amount of the car loan when determining the proof of funds requirement.

Thanks in advance!!
 

Beckham_124

Member
Jan 23, 2020
13
0
Hi there?
I have similar situation as yours? Did you declare your auto loan? If you did declare it, did you hear back from IRCC on this?