Proof Of Funds.b

[alice_chained]

If an individual has enough liquid funds in the current account and has a liabilit such as a car loan.

Will they consider the car loan? and deduct the amount? Because what I did is I did a valuation on my car and sent that to CIC stating that i will sell the car once the PR is issued and settle the loan?

I hope this will satisfy the Immigration officer, since i can't sell the car before i get the PR, what happens if i get rejected i'll be without my car and will have to go and buy a new one.

Seniors whay do you think?

Plus i have a credit card liability, but i can easily pay that off without effecting the required funds, plus have so many household items that i can sell to raise funds to settle the credit card liability.

I'm just a little curious how they will treat the car loan? Since it is an asset which can be sold to settle the liability and it is a very small loan of 10,000 CND.

 

[aanbaan]

i think all of this is considered only in the case of London.

if this is not a London case, then ignore all this and rely only on bank statements and FDs

 

[alice_chained]

This is a london case. Well i hope they are realistic cause some people have huge mortgages, and sell their properties after getting their PR's.

Since i have sent a valuation of the car which amounted to roughly the same amount as the loan, I hope they will not consider this as i can sell the car and pay off the debt.

 

[mahharrouf]

CIC wont know about your car credit, so if you have enough money without car evaluation, then I'll not recommend you to send this kind of evaluation which have no any positive outcome. But here you already did it, I read same in this forum, they dont care or they dont check your credit history, then will see if required amount is available in the way they want , bank statmentes with movements etc, where it shows you have money since a time and its not any borrow or fresh deposite. My personal opinion only.