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Self sufficiency and financial stability are the main focus of USCIS’s I-944 Form and their $8100 Immigration Bond. When someone is self-sufficient, USCIS Officers are not likely to request the I-945 Immigration Bond.
If it had to be broken down, the Credit Report states all of the Debts someone has, whereas the Debt Statements state up-to-date financial obligations and monthly payments.
It should be noted that the Credit Report is not up-to-date and it is usually a few months outdated. Additionally, the credit reporting agencies (Equifax, Experian, and TransUnion) are almost never consistent with one another on credit history and credit score. Thus, the main purpose of the Credit Report is for the USCIS Officer to know what debt statements to look for.
USCIS Officers prior to October 15, 2019 used to determine “financial stability” based off of what someone earned or what was their Adjusted Gross Income on Federal Income Tax Returns. However, this assessment was lacking. Someone could have an Adjusted Gross Income of $40,000 annually, but have Student Loan payments of $2000 monthly, leaving the remaining $1300 a Month out of a $3300 a month paycheck to pay for room and board. People’s debt and their payments could make someone fall under the poverty level, which is what the new I944 form is seeking to assess.
Failure to properly provide documentation, such as the credit report and debt statements, could result in the $8100 bond being requested by a USCIS Officer.
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