How to Find Your Outstanding Debt Easily

Learn simple steps to uncover your outstanding debt through credit reports and account statements.

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To find your outstanding debt, start by reviewing your credit report available from annualcreditreport.com. It lists all your current credit accounts and balances. Additionally, check your credit card statements, student loan accounts, mortgage statements, and any other loan documents for up-to-date balances. Keeping a spreadsheet to tally these amounts can help you maintain a clear overview of your total debt.

FAQs & Answers

  1. What is the best way to check my outstanding debts? The best way is to review your credit report and cross-reference it with your financial statements.
  2. How often should I check my credit report? It's recommended to check your credit report at least once a year to stay updated on your debt situation.
  3. Can I access my credit report for free? Yes, you can access your credit report for free once a year from annualcreditreport.com.
  4. What should I do if I find inaccuracies in my credit report? You should dispute any inaccuracies you find with the reporting agency to have them corrected.

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For more tips on managing your finances, check out our videos on improving your credit score and budgeting effectively to stay debt-free.

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