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Debt management questionnaire

debt management questionnaire

Looking to offer top-tier financial planning services? The Debt Management Questionnaire is an ideal tool for you.

Financial advisors, credit counseling agencies, or any business involved in financial planning and debt management can benefit.

It's designed to help you gather essential information about your client's financial situation and goals, making debt management planning efficient and personalized. Use it to provide tailored strategies that help your clients tackle their debts head-on.

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Questions to include on your Debt management questionnaire

1. Client Details

Understanding the client's basic personal details is important to personalize and tailor the financial planning services.

  • What is your full name?
  • What is your date of birth?
  • What is your occupation?

2. Financial Background

This set of questions helps to understand the financial background of the client. Knowing client's financial situation is a key to effective debt management planning.

  • What is your current annual income?
  • Do you have an emergency fund? (Yes, No)
  • What is your current total debt?

3. Debt Information

Getting details about client's debt is necessary to create a debt management plan.

  • What types of debt do you have? (Credit Card, Mortgage, Student Loan, Car Loan, Other)
  • What is the interest rate on each of these debts?
  • How much do you pay towards your debts each month?

The question about the type of debt is crucial to understand what kind of repayment strategies could be applied. Different types of debts have different interest rates and repayment options.

4. Spending Habits

Understanding the client's spending habits helps to identify areas for potential savings which can be redirected towards debt payment.

  • How much do you spend on housing each month?
  • How much do you spend on groceries each month?
  • How much do you spend on entertainment each month?

5. Financial Goals

Knowing the financial goals of the client will help to create a plan that aligns with their long term objectives.

  • What are your short-term financial goals? (Pay off debt, Save for a vacation, Other)
  • What are your long-term financial goals? (Retirement, Buy a house, Other)
  • When do you aim to pay off your existing debts?

The question about financial goals is essential to ensure that the debt management plan does not only focus on the immediate situation but also considers the future financial health of the client.

Things to consider

  1. Clarity of Questions - Ensure that every question is clear and unambiguous. This will help you avoid getting incorrect or vague responses.
  2. Simplicity and Brevity - Keep the form as short and simple as possible. Long, complicated forms can be daunting and may discourage clients from completing them.
  3. Privacy and Security - Keep in mind that the form will handle sensitive personal and financial information. Use secure form software and assure clients that their information will be kept confidential.
  4. User-friendly Design - Use a clean, intuitive design that makes the form easy to read and navigate. This will make it easier for clients to fill it out, reducing the chance of error and frustration.
  5. Clear Instructions - Lead clients through the form with clear instructions to make the process smooth and easy. For instance, you can provide examples or tips for certain questions, or use pop-up prompts for additional guidance.
  6. Optional and Mandatory Fields - Clearly distinguish between optional and mandatory fields. The use of asterisks (*) is a common way to indicate required fields.
  7. Mobile-Friendly - Ensure that your form is mobile-friendly. Many people prefer to access online content through their mobile devices, so a mobile-friendly form can boost completion rates.

How to create your Debt management questionnaire

Now that you know what questions you should include, it's time to build your form!

The only problem is that traditional forms tools are inefficient.

People will forget to fill out your form. They'll get stuck halfway and not be able to finish it. Or they'll send you the wrong stuff. You end up wasting hours chasing people down over email. 

That's why you should give Content Snare a try. 

Content Snare is packed with advanced features that will have you hours:

  • Automatic reminders - Remind people to complete their form with fully customizable reminders.
  • Reject incorrect information - If a single question is filled out incorrectly, ask your client to re-do just that one item.
  • Autosaving - No progress gets lost. People can fill out forms in multiple sittings.
  • Comments and questions - If the person filling the form gets stuck, they can ask a question without having to email you.

Give it a go by signing up for your free 14-day trial

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