Dear All,
I have a very important question regarding my proof of funds documentation and I really require your help (please people who are certain 100% about the topic provide me your feedback).
I have a credit card loan with my bank and I am closing it next week in full. When I close the loan, I will still have the required funds by CIC in my bank account in full as well (13,000 CAD). The problem I have is that the loan amount is shown clearly in my bank statement. I will bring a letter from the bank showing I have closed the loan in full but I am worried that the office will see that transaction and will think that I took the loan to prove my funds.
Will that be a problem for my proof of funds document? Or is it ok to explain in LOE that I took atheloan and closed it and I still have the proof of funds amount in my account?
Thank you all.
I have a very important question regarding my proof of funds documentation and I really require your help (please people who are certain 100% about the topic provide me your feedback).
I have a credit card loan with my bank and I am closing it next week in full. When I close the loan, I will still have the required funds by CIC in my bank account in full as well (13,000 CAD). The problem I have is that the loan amount is shown clearly in my bank statement. I will bring a letter from the bank showing I have closed the loan in full but I am worried that the office will see that transaction and will think that I took the loan to prove my funds.
Will that be a problem for my proof of funds document? Or is it ok to explain in LOE that I took atheloan and closed it and I still have the proof of funds amount in my account?
Thank you all.
