Make a Statement

erhaps no other aspect of the credit application process is more daunting to a borrower than the completion of the personal financial statement (PFS). The PFS (also called a personal balance sheet) is a snapshot of the financial condition of an individual or a couple, if the application is made jointly, as of a specific date in time. Providing a PFS in some form, either lengthy or abbreviated, is required for most types of loans. If its lines and boxes and