Rejecting Invitation due to insufficient funds

[UnitedBaller]

Hi,

I recently received my ITA and I don't think I will be able to arrange sufficient funds in the next 60 days(55 days to be precise).I could make it or not, it's a touch a go situation. I am thinking about rejecting the application and getting back into the pool so that I can add my tax return money to funds. What do you guys think? Can I do that? Thanks.

 

[tobs]

Hi,

I recently received my ITA and I don't think I will be able to arrange sufficient funds in the next 60 days(55 days to be precise).I could make it or not, it's a touch a go situation. I am thinking about rejecting the application and getting back into the pool so that I can add my tax return money to funds. What do you guys think? Can I do that? Thanks.

Yes. Definitely.
Once you reject the ITA you go back into the pool and once your CRS score is above the cut off for the next draw you'll be invited again. If you have a very high CRS score you can keep denying the invitation until you get the money you need.

 

[avhiphop]

Shouldn't the bank statement be at least 6 months old i.e. inclusive of the minimum required funds ?

 

[UnitedBaller]

Shouldn't the bank statement be at least 6 months old i.e. inclusive of the minimum required funds ?

I can explain in the LOE that they are tax money and also I'm taking a gift deed from my parents.

 

[UnitedBaller]

Yes. Definitely.
Once you reject the ITA you go back into the pool and once your CRS score is above the cut off for the next draw you'll be invited again. If you have a very high CRS score you can keep denying the invitation until you get the money you need.

Thanks. Any Idea if it's okay if I have lent someone money over a period of time and now I get them back at once and show them as PoF?