How do you find your debts?


Quick Answer

One way to find your debts is to check your credit report for a list of your creditors and then contact them to find out exactly how much you owe, according to Experian. If collection agencies are involved, you can ask the original creditor which agency has your account, notes About.com.

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Full Answer

When checking credit reports, be sure to order reports from Equifax, Experian and TransUnion because collection agencies do not always report debts to all three credit bureaus, explains About.com. You can get a free credit report once every 12 months from each credit bureau, notes Experian. The reports include telephone numbers and mailing addresses for your creditors. Contact them to talk about options for payment or settlement. Be aware that settling an account hurts your credit score because you did not repay the debt in full.

Other ways to find out which collection agency or agencies you owe money to include listening to voicemail communications, checking your caller ID, and waiting to be contacted, advises About.com. If a collection agency has been calling, type the phone number into a search engine to find out who the number belongs to. Have some idea of what you want to say before you return such a call.

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