How to Find Out Who Owns Debt

Debt is sold on a regular basis. Finding out who owns debt is necessary to pay it off and clear your credit record. Because of the frequency of debt sales, finding the owner of a particular debt can be difficult and require a large investment in time. It is best to know the original amount of your debt so when the new debt owner tells you how much you owe you will be able to determine the amount of fees added by the buying and selling of your debt.

Request a copy of your credit report from all three major credit bureaus. You are entitled to one free copy per year and may receive additional copies if you are turned down for credit.

Examine your credit report. Each entry has a company name along with either a mailing address or phone number. This may not be the current owner of the debt but it does mean that the company owned the debt at some point.

Contact the company listed on the credit report and inquire about the status of your debt. If it no longer own the debt, request the name and contact information of the company to whom the debt was sold.

Continue contacting the companies that have purchased the debt until you find the current owner.