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CLEARPersonal Financial Statement A complete and signed Personal Financial Statement (PFS) is required from each individual guarantor. Coguarantors with joint assets and liabilities can be included
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How to fill out personal financial statement

01
Gather all necessary financial documents such as bank statements, investment records, and pay stubs.
02
List all sources of income including salaries, bonuses, rental income, and investments.
03
List all liabilities such as mortgages, student loans, and credit card debt.
04
Calculate your total assets by adding up the value of all your possessions and investments.
05
Calculate your total liabilities by adding up all of your debts.
06
Subtract your total liabilities from your total assets to determine your net worth.

Who needs personal financial statement?

01
Individuals applying for a loan or mortgage.
02
Business owners looking to secure financing.
03
People planning for retirement or estate planning.
04
Anyone seeking to track their financial progress and goals.
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A personal financial statement is a document that provides an overview of an individual's financial position, detailing assets, liabilities, and net worth.
Individuals applying for loans, mortgages, or certain jobs may be required to file a personal financial statement, as well as business owners seeking financing.
To fill out a personal financial statement, collect documentation of your assets and liabilities, categorize them into sections, and provide accurate amounts before submitting the form.
The purpose of a personal financial statement is to provide a complete picture of an individual's financial status, helping lenders, employers, and other stakeholders assess financial stability.
Information required on a personal financial statement typically includes details about assets, liabilities, income, expenses, and net worth.
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