Get the free Personal Financial Statement

This document is a Personal Financial Statement required by BB&T for individuals applying for loans. It collects detailed financial information including personal identification, income sources, asset details, and liabilities, used to evaluate creditworthiness.

How to fill out personal financial statement

How to fill out personal financial statement

1. Gather all your financial documents including income statements, bank statements, and asset documentation.
2. Start with your personal information: name, address, and contact details.
3. List your income sources: salary, bonuses, investments, and any other income.
4. Document your expenses: housing costs, utilities, insurance, loans, and miscellaneous expenses.
5. Identify and list your assets: cash, real estate, personal property, and investments.
6. Outline your liabilities: outstanding debts, loans, and credit obligations.
7. Ensure that all figures are accurate and up-to-date.
8. Review the statement for completeness and clarity before submitting.

Who needs personal financial statement?

1. Individuals applying for a loan or mortgage.
2. Business owners seeking financing or investors.
3. Financial advisors preparing investment strategies.
4. Anyone undergoing major life changes like buying a home, retirement, or divorce.
5. People seeking to assess their financial health and plan for the future.

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What is personal financial statement?

A personal financial statement is a document that outlines an individual's financial position, including assets, liabilities, income, and expenses.

Who is required to file personal financial statement?

Individuals seeking loans, credit, or certain financial services may be required to file a personal financial statement as part of the application process.

How to fill out personal financial statement?

To fill out a personal financial statement, list all assets and their values, liabilities and their amounts, income sources, and monthly expenses, ensuring that the information is accurate and up-to-date.

What is the purpose of personal financial statement?

The purpose of a personal financial statement is to provide lenders or financial institutions with a snapshot of an individual's financial health, enabling them to evaluate creditworthiness or loan applications.

What information must be reported on personal financial statement?

A personal financial statement must report information including personal assets (e.g., cash, real estate), liabilities (e.g., loans, credit debts), income, and monthly expenses.