This is one of the most common FAQs the team at Life After Debt is asked! So you are definitely not alone if you are wondering “How do I find all of my debts?” … The answer is as simple as following these steps:
Find My Debts – The Steps
- Access a copy of your own credit file. This is a great starting point as it will have a record of every time you applied for credit in the last 5 years, regardless of whether or not you actually took the account out. If you use this link you can find out how to get a copy of your credit file for free!
- Go through all of your old letters / emails / post. I bet you have a drawer at home stuffed full of envelopes you haven’t even opened … right? Well now is the time to open them! You may find some debts which are not listed on your credit file, like maybe a professional bill such as an accountant, lawyer, doctor or it might be an overdue tax account.
- Make a list!
- Make a budget. Can you afford to pay all of these debts? If you are unsure perhaps you should consider drawing up a budget. Each debt is likely to want a regular payment, so once you know how much each wants, factor it into your budget and see if you have enough money to cover them all. If not, you may need to consider requesting hardship relief or make an appointment with a financial counsellor.
Check out our super-quick You Tube video here:
Do you feel as though your debt is becoming unmanageable? Call the team at Life After Debt and we will provide you with a free initial consultation of your debt solution options. We specialise in arrangements to avoid bankruptcy and legal action, such as a Debt Agreement. Contact us today for your free debt solutions assessment.
That debt relief feeling