If you apply for a family visa to reside in the UK for an extended period, you and your partner must have a combined income of at least £18,600, and more if you have children who are not British or Irish citizens, have no pre-completed status and are not have settled permanently in the UK. For a period of six years, your debts will remain active and your lenders may try to reach out to you in person or through a law firm. The public fee rule is an additional check for granting or extending your visa application or changing the visa class.
Can a visa be denied due to debt?
Here are a few examples of visa ineligibility with INA references, which are explained below. Immigration laws include a long list of reasons why people are found inadmissible or ineligible for a visa or green card. For example, if you have an illness of health concern (most likely tuberculosis), or have been removed (deported) from the U. The government wants this to become an easy means of access for people who actually want to work in the U.
However, people should know that in some cases, poor financial stability can continue to be used as a basis for not approving a visa if the respective visa office decides so.
Does Debt Affect Visa Applications the USA?
Good loans can benefit you in many ways, particularly if you want to apply for a change in your immigration status. Deportation is still not on the table when it comes to bad debts, but it could cause other problems. In the past, debts and insolvencies had no effect on your ability to become a permanent resident or citizen. So are citizens, particularly as so many have lost jobs or sources of income since the start of the coronavirus (COVID-19) pandemic.
References:
- https://utcd.org.tr/wp-content/uploads/formidable/2/does-debt-affect-visa-applications-uk.pdf
- https://www.ksquareit.com/learn-more/2020/02/27/public-charge-credit-history-impacts-visa
Barry Ritholtz is a renowned finance expert, author and blogger. With over 30 years of experience in the financial industry he has gained a reputation as a thought leader and influencer in the investment community.