I-134 for K1 (assets & debts)

[CharlieTshiab 66]

We just received our NOA2 and I'm completing the Affidavit for Support.  My question is due to my divorce, I took on a lot of debt.  So for question 8a & 8b, is this just strictly real estate?  Do I need to include my credit card debts and loans in this section?  If so, would it effect our K1 Visa approval, if say my home is worth 200K and debt is about 200K as well (including mortgage).  I have retirement 401k and an IRA as well as assets?  Should I be listing that in stocks and bonds portion (question 6)?  I should note that I do make well above the poverty level. 

 

Edited September 14, 2018 by CharlieTshiab

[Ben&Zian 4,398]

3 minutes ago, CharlieTshiab said:

We just received our NOA2 and I'm completing the Affidavit for Support.  My question is due to my divorce, I took on a lot of debt.  So for question 8a & 8b, is this just strictly real estate?  Do I need to include my credit card debts and loans in this section?  If so, would it effect our K1 Visa approval, if say my home is worth 200K and debt is about 200K as well (including mortgage).  I have retirement 401k and an IRA as well as assets?  Should I be listing that in stocks and bonds portion (question 6)?  I should note that I do make well above the poverty level. 

 

 

Not sure how strict Vietnam is with all this; but are you using income as primary proof of sponsorship or assets/savings?

 

 

[kris&me 572]

my income was well over the needed limits so i left this part blank / i didn't need to use assests

and no where on the form does it require statements of credit card debt

if u owe IRS it will be an issue

[CharlieTshiab 66]

3 minutes ago, Ben&Zian said:

Not sure how strict Vietnam is with all this; but are you using income as primary proof of sponsorship or assets/savings?

I'm assuming income.  As I stated, I do make over the poverty level but I'm just curious/worried that my current debt is high.  So my home is worth 200k but I still owe about 180K and have 20k in cc and loans debt.  

[CharlieTshiab 66]

1 minute ago, kris&me said:

my income was well over the needed limits so i left this part blank / i didn't need to use assests

and no where on the form does it require statements of credit card debt

if u owe IRS it will be an issue

So did you just include mortgage value and what you owed on your home?  

[Ben&Zian 4,398]

1 minute ago, CharlieTshiab said:

I'm assuming income.  As I stated, I do make over the poverty level but I'm just curious/worried that my current debt is high.  So my home is worth 200k but I still owe about 180K and have 20k in cc and loans debt.  

 

Like the other user said, that's only reason I asked as I never listed my 401k value, or that I owed money like on a car payment.... if you meet income wise really don't think you need to say anything. Think it is kind of assumed that people have bills. Plus a loan/mortgage isn't really a debt. I mean it is in a way; but like I pay rent, didn't mention that to them as believe it is just naturally assumed. So long as you meet the income requirements, think you should be fine without stressing over these things. Think only thing that could be potentially needing to be listed is like legal obligations such as child support and stuff.

[Spotify 76]

So would he write 200,000 for 8a and 8b 180,000?

[Jeanne Adil 1,651]

As Kris said "u do not need to fill out this section unless u are using assests as income is not enough"

leave it blank

i also left it blank and i own house and rental property outright

[VNN 147]

1 hour ago, Spotify said:

So would he write 200,000 for 8a and 8b 180,000?

Correct, he could write in case he wants to fully disclose assets and debts but like others said, if his income (considering his household) meets the requirement, there is no need to disclose additional financial information.

 

 

Edited September 14, 2018 by RTLE

[Diane and Chris 651]

1 hour ago, adil-rafa said:

As Kris said "u do not need to fill out this section unless u are using assests as income is not enough"

leave it blank

i also left it blank and i own house and rental property outright

Exactly!  To OP:  You only fill this out if you need to use your assets to meet income levels. In your case, you do not need to use assets. So you would leave it blank. 

[CharlieTshiab 66]

Thank you all!  I appreciate the responses.  I will leave it blank

[VNN 147]

2 hours ago, CharlieTshiab said:

I'm assuming income.  As I stated, I do make over the poverty level but I'm just curious/worried that my current debt is high.  So my home is worth 200k but I still owe about 180K and have 20k in cc and loans debt.  

In case you decide to disclose this information, it will not be a factor to impact the ability of petition for your significant one.   Based on personal experiences, U.S. Consulate Ho Chi Minh City is not really picky about Affidavit of Support as long as it meets requirements but the evidences to show bona fide relationship (face-time is the primary one).

 

 

  

Edited September 14, 2018 by RTLE

[WandY 430]

9 minutes ago, RTLE said:

Correct, he could write in case he wants to fully disclose assets and debts but like others said, if his income (considering his household) meets the requirement, there is no need to disclose additional financial information.

 

 

Yes, that's right. They don't care, so long as you have a good and steady income. I would put something in 8a and 8b. Leaving things blank is asking for RFE or problems. You'll be OK.

[Ahmed&Freda 628]

I did not list my real estate or retirement.   If your income is 125% above the poverty line just use that as the other information will  just complicate things more.

[TNJ17 1,329]

It says real estate information so you do the math.