How to Find Outstanding Debt

by Robert Lee ; Updated September 11, 2015
Your credit reports can tell you a lot about your outstanding debt.

Your credit report is the best resource for tracking down most of your outstanding debt. Virtually all of your standard credit card and loan information will be listed on your report, including your payment history and current balance. Tracking down your outstanding debt may be necessary if you are considering eliminating your debt through bankruptcy or you have experienced a financial windfall and want to pay off as much as your debt as possible.

Order a free copy of your credit report by calling Annual Credit Report at 877-322-8228. Or visit the website (see Resources) to get the report online. The website was setup by the credit bureaus to offer free credit reports as required by the Fair Credit Reporting Act. The law entitles you to three free reports every 12 months, including one from each of the bureaus--TransUnion, Equifax and Experian.

Review the credit report to find all accounts with balances. Make a list of all the accounts and total the balances for an accurate list of all outstanding debt listed on your credit report.

Search your personal files for other debt that may not appear on your credit reports, such as an installment agreement with the Internal Revenue Service, loans from retirement accounts, or loans from family or friends. Add these loans to the list of outstanding debt from your credit report for a complete picture.

About the Author

Robert Lee has been an entrepreneur and writer with a background in starting small businesses since 1974. He has written for various websites and for several daily and community newspapers on a wide variety of topics, including business, the Internet economy and more. He studied English in college and earned a Bachelor of Arts in liberal arts from Governor's State University.

Photo Credits

  • financial report image by Christopher Hall from Fotolia.com