What is the Standard Financial Statement?

The Standard Financial Statement (SFS) is an important development for debt advice in the UK. It is an agreed form to sum-up a person’s income and outgoings, along with any debts they owe.

It means there is a single approach for personal financial statements, allowing the debt advice sector and creditors to work together to achieve the right outcomes for people struggling with their finances.

This helps the debt advice sector and creditors to work together to achieve the right outcomes for people who are struggling with their finances.