If you are intending to come to a new or revised repayment agreement with your creditors, it may be necessary for you to send them a written Statement of means.
A statement of means is designed to give your creditors definitive and accurate details of your income and expenditure and can be used for a variety of purposes - whether your lender is a bank or building society, or a local council.
Legal Advice Helpline have created a Statement of Means tools to enable you to prepare and write a personalised Statement of Means document which you can then download to your desktop and print as required. Whether you are a Mac or Windows user, you will find this tool really helpful and easy to use.
For more information on how to write a Statement of Means or on how to manage your debts, call Legal Advice Helpline today on 0800 404 9496. If you need help with writing letters to your creditors, please use this link (creditor letters) where you will find a suite of easy to use templates which can be personalised and printed with your specific details.
Are the details in my statement of means kept private?
Your creditors should not share information from your statement of means with any third parties. Keep in mind that your statement of means may include some sensitive details, including your marital status, your mortgage amount, insurance information and data on your assets. If you are intending to send this kind of information through the post, if you can afford it, we suggest you use either a special or recorded delivery for added security.