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How closely do they check your finances?

How closely do they check your finances?

Old Jan 24th 2009, 11:04 pm
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Default How closely do they check your finances?

For a couple you need about $13500, which I have in a bank account. Do they, can they, go snooping around your credit cards? ie do they ask how much you have outstanding, and have they got anyway of checking?
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Old Jan 24th 2009, 11:22 pm
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Default Re: How closely do they check your finances?

I don't believe they can access credit card info, they require your permission to carry out a credit check and this is not provided by you in your application.

They just want confirmation that you have the funds available.
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Old Jan 24th 2009, 11:37 pm
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Default Re: How closely do they check your finances?

Originally Posted by TheBear
For a couple you need about $13500, which I have in a bank account. Do they, can they, go snooping around your credit cards? ie do they ask how much you have outstanding, and have they got anyway of checking?
No, they cannot access your credit cards, loans, mortgage etc. They have no right to.
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Old Jan 25th 2009, 1:21 am
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Default Re: How closely do they check your finances?

Originally Posted by nikki dreaming
I don't believe they can access credit card info, they require your permission to carry out a credit check and this is not provided by you in your application.

They just want confirmation that you have the funds available.
Thanks for the replies. I guess a credit check only tells them you are credit worthy, not how much you have loaded your cards with.
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Old Jan 25th 2009, 2:44 am
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Default Re: How closely do they check your finances?

Originally Posted by TheBear
Thanks for the replies. I guess a credit check only tells them you are credit worthy, not how much you have loaded your cards with.
ditto on other replies but your credit 'rating' will be based on your card loading, re-payment history etc etc. you can check out your own credit rating to a degree by using someone like experian, on line.
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Old Jan 25th 2009, 4:15 am
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Default Re: How closely do they check your finances?

Originally Posted by TheBear
For a couple you need about $13500, which I have in a bank account. Do they, can they, go snooping around your credit cards? ie do they ask how much you have outstanding, and have they got anyway of checking?
But if you lie and make a false statement, permits, PR and citizenship could be revoked at anytime in the future. I believe there is a net worth statement that has to be filled in for most applications. Net worth accounts for credit card debt.
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