Does student loan debt affect immigration to Canada?
Posted in Car Loan on 08/22/2010 04:05 pm by
Hallie E asked:
My older brother is looking to immigrate to Canada, but has few grand in student loans- nothing serious, he makes small monthly payments, he’s not having to eat ramen or anything. However, I know that Canada requires a person to have a chunk of savings (apparently, enough to live off of for a year, I think they want you to have roughly $10,000) but I heard that if you have debt, you have to have enough savings to completely cover paying it off. Anyone know about this? Thanks!!
Rhonda
My older brother is looking to immigrate to Canada, but has few grand in student loans- nothing serious, he makes small monthly payments, he’s not having to eat ramen or anything. However, I know that Canada requires a person to have a chunk of savings (apparently, enough to live off of for a year, I think they want you to have roughly $10,000) but I heard that if you have debt, you have to have enough savings to completely cover paying it off. Anyone know about this? Thanks!!
Rhonda
08/25/2010 at 2:09 pm
Leonard
No, they just want to see that $10,000 sitting in a bank account, for at least a couple months. Think of the $10,000 as the average balance you need to keep in your accounts
08/27/2010 at 11:54 pm
Shirley
Hi,
I used “Credit Solution” to settle my debt and improve my credit score.They managed to reduce my debt up to 58%.It’s legitimate. I came across this company on NBC News Special Edition.Check it out here: