Get the free Current Personal Financial Statement - CFG Community Bank

Personal Financial Statement Borrower Name: Tax Identification Number (TIN): ?????????????? Section 1: Applicant/Owner/Guarantor Information Section 2: Co-Applicant/Co-Owner/Guarantor Information

How to fill out current personal financial statement

How to fill out a current personal financial statement:

1. Gather all necessary financial documents such as bank statements, pay stubs, tax returns, investment statements, and any other documents that show your income, assets, and liabilities.
2. Begin by filling out the section that requires your personal information, including your name, address, contact information, and social security number.
3. Move on to the section that asks for your income information. Provide accurate details about your salary, bonuses, rental income, dividends, and any other sources of income you have.
4. Proceed to the section that requires information about your assets. List your cash on hand, bank accounts, investments, real estate, vehicles, and any other valuable possessions you own.
5. In the liabilities section, provide details about your outstanding debts such as mortgages, student loans, credit card balances, and any other loans or lines of credit you have.
6. Calculate your net worth by subtracting your total liabilities from your total assets. This will give you a clear picture of your financial standing.
7. Ensure that all the provided information is accurate and up to date. Review the financial statement thoroughly for any errors or omissions.
8. Sign and date the financial statement to confirm its accuracy and completeness.

Who needs a current personal financial statement:

1. Individuals applying for loans: Many lenders require a personal financial statement as part of the loan application process. It helps them assess the borrower's financial health and ability to repay the loan.
2. Small business owners: When applying for business loans or seeking investors, small business owners may be required to submit a personal financial statement to demonstrate their personal financial stability and commitment to the business.
3. High-net-worth individuals: Wealthy individuals often use personal financial statements to track their net worth, monitor their investments, and plan their financial strategies.
4. Professionals in divorce proceedings: Personal financial statements are commonly used during divorce proceedings to assess each spouse's financial situation and determine equitable distribution of assets.
5. Estate planners: Personal financial statements are important tools for estate planning and creating wills. They help individuals understand the value of their assets and plan for their beneficiaries' future financial well-being.

For pdfFiller’s FAQs

What is current personal financial statement?

A current personal financial statement is a document that provides information about an individual's financial position.

Who is required to file current personal financial statement?

Individuals who hold certain positions or are involved in specific activities may be required to file a current personal financial statement.

How to fill out current personal financial statement?

To fill out a current personal financial statement, individuals need to provide accurate and detailed information about their assets, liabilities, income, and expenses.

What is the purpose of current personal financial statement?

The purpose of a current personal financial statement is to assess an individual's financial health and disclosure potential conflicts of interest.

What information must be reported on current personal financial statement?

Information such as assets, liabilities, income, expenses, investments, and debts must be reported on a current personal financial statement.

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