How to Find Defaulted Loans

If you are unable to repay your loan and your account becomes seriously delinquent, you will be in default. A default occurs when the borrower fails to make the required payments to the lender according to the terms of the loan agreement. It is common for a person to become overwhelmed with bills and fall behind on loan payments. However, failing to repay a loan can have serious consequences. If you do not have the loan documents or the lender’s contact information, there is still a way to find your defaulted loans.

Order a copy of your credit report at You will need to obtain your credit report from the three main credit reporting bureaus: TransUnion, Equifax and Experian. Simply complete the request form online and provide your basic details, such as your full legal name, current address, date of birth, Social Security Number and e-mail address. You also have the option to download the request form and mail it to the credit bureaus.

Review your credit reports. Take time to read over each credit report to find your defaulted loans. Since your loans are in default, it is possible that the lender sent your account to a collection agency. In this case, you should pay close attention to all collection items that appear on your credit reports.

Make a list of your defaulted loans. Be sure to include important details on your list, such as the lender or collection agency’s name, your outstanding balance, date of your last payment and your account number. If you have different types of defaulted loans, such as student loans, payday advances or personal loans, you should create separate lists for each category.

Contact the lenders or collection agencies to verify the debts. Sometimes credit reports contain errors, so it is best to speak to the lender or collection agency directly to confirm your outstanding loan debts. It is also a good idea to ask each lender or agency to send you a confirmation letter with details of your defaulted loans, along with a copy of your loan agreements and payment history.


  • A defaulted loan may damage your credit history and make it difficult for you to obtain financing or credit in the future. So you should pay off your defaulted loans as soon as possible. The lenders or collection agencies may make you a settlement offer or allow you to set up an appropriate payment plan so that you can pay off your debt.


About the Author

Gwynita Leggington has written and published articles since 2006. Her areas of expertise include health and wellness, education, careers, personal finance and dating. Leggington's work appears on, and She holds a Bachelor of Arts in communications and a Master of Arts in counseling from Prairie View A&M University.