Katie4998

Hi all...
We're in the beginning stages of the K1 journey, about to file our
I-129F paperwork. I have a car that I'm making payments on and I'm
planning on selling it closer to the time we get an interview date,
since I won't really need it to get around. Also, since i'm making
payments on a line of credit for the car, I'd assume that it would
just make financial sense not to come into the States with a big debt
hanging over me. So, the plan is to sell the car, pay off the car debt
& have a little extra in the bank so the lovely Consular Officers and
BCIS people don't worry as much about me becoming reliant on social
security once I move there.
My question is this: does anyone have any ideas WHEN would be a
good time to sell the vehicle? I need it to get around before I leave,
so would prefer to sell it as late as possible, but won't I have to
bring some documentation to my Consular interview showing that I'm not
a financial burden? Should I wait until we get an interview date? Or
will they want my financial proof before that? Any suggestions would
be greatly appreciated!
Thanks in advance,
Katie

ScarlettHill

Hi,

You're going to need more than the profit from a car sale to show you won't become a financial burden to the state. The standard - but not only - way is to have your fiance fill out the i-134 affidavit of support with supporting documentation showing he earns above 125% of the federal poverty guideline for your family size. If neither of you has dependants that figure is going to be $15,150. With dependants the figure rises - for example I have two kids so we had to show Garth earned $23,000 per year.

Though there are ways round this form, it's good practice to get your ducks in a row because you must fill out i-864 showing these kinds of figures when it comes to adjusting status after marriage. You need liquifiable assets that amount to any shortfall in that figure x 5. So, for example, if he makes 14,150 you need to show money or assets of $5,000 in addition to his salary. If he makes 13,150 you need 10,000 in the bank. etc. The figure goes up every year sometime in the spring.

Regards
-=-
Scarlett

Sean Hedges

Katie -

It doesn't really matter when you sell your car and your financial position
if you are going through the
K1 process as you basically will be relying on the I-134 affidavit of
support that you get your fiance in
America to fill out and to send to you - and that you then take to the
interview at the embassy.
You can get your fiance to download that form at the BCIS website and he
will need to provide statements from his employer,
bank and from the IRS - showing that he can financially support you.
If you - or he - have no children - he will need to earn at least 125% of
the poverty line - if he earns less than he will need to find a family
member etc
to be your financial supporter. The % increases with factoring in children.
You need only provide this financial information at your interview at the
embassy - and not before.
But it is worthwhile to get started on all that as soon as you lodge your
I-129F.

Hope this helps..
~Sean
------------
NOA1 - July 31, 2003
NOA2 - August 15, 2003




"katie4998" <[email protected]> wrote in message
news:[email protected]...
    > Hi all...
    > We're in the beginning stages of the K1 journey, about to file our
    > I-129F paperwork. I have a car that I'm making payments on and I'm
    > planning on selling it closer to the time we get an interview date,
    > since I won't really need it to get around. Also, since i'm making
    > payments on a line of credit for the car, I'd assume that it would
    > just make financial sense not to come into the States with a big debt
    > hanging over me. So, the plan is to sell the car, pay off the car debt
    > & have a little extra in the bank so the lovely Consular Officers and
    > BCIS people don't worry as much about me becoming reliant on social
    > security once I move there.
    > My question is this: does anyone have any ideas WHEN would be a
    > good time to sell the vehicle? I need it to get around before I leave,
    > so would prefer to sell it as late as possible, but won't I have to
    > bring some documentation to my Consular interview showing that I'm not
    > a financial burden? Should I wait until we get an interview date? Or
    > will they want my financial proof before that? Any suggestions would
    > be greatly appreciated!
    > Thanks in advance,
    > Katie

Katie4998

Hi Scarlett...
Thanks for your help...For some reason I'm finding different numbers
from what you mentioned when I look at the 2003 Poverty Guidelines
site. It says that he (as a family of 1, no dependants) has to be
making above $11,225 ($8,980 X 125%). He does make above that amount,
plus he has a truck and some other assets (stocks & savings)...is that
not enough? Or, am I calculating this wrong? Am I supposed to be
including ME into the equation, even though we aren't married? I
didn't see that anywhere on the I-134 form, so I thought it was just
dealing with HIS earnings. Sorry if I'm asking questions that seem
straightforward...I'm totally confused with this affadavit of support
issue...
Thanks again for your help, Scarlett...
Katie

Rete

You quoted a family of one. He is a family of two. You and he. The family size must include the person(s) who the Affidavit of Support is offered for.

Rete

Katie4998

Thanks, Rete...I wasn't sure if we were supposed to include me in the
calculations! :-)
Katie

Rete <[email protected]> wrote in message news:<[email protected]>...
    > You quoted a family of one. He is a family of two. You and he. The
    > family size must include the person(s) who the Affidavit of Support is
    > offered for.
    >
    >
    >
    > Rete