If you’ve been struggling financially for a while and have accumulated several debts with various creditors, it can sometimes be difficult to keep track of them all. It can get especially challenging if you’re not sure who you owe money to or how much they claim you owe them. If you’re feeling overwhelmed, Resolvly LLC can help.
There are ways to find out about all of your debts, including those that may have gone into collections:
Review Your Credit Reports
You can order a free copy of your credit report from each major credit reporting agency once every 12 months at AnnualCreditReport.com. It’s not the same report that lenders use before approving you for a loan or credit card, but it will be enough to get an idea of what you owe and who you owe.
You can also review your credit score for free courtesy of many third-party websites, like Credit Karma.
This approach will give you an idea of whether there are any negative items on your credit reports that need addressing. If there are, it’s important to address them as soon as possible because they can significantly impact your ability to qualify for new credit or low-interest rates.
Pay Attention to Debts that Do Not Show on Your Credit Report
Most debts will appear on your credit report, including any unpaid medical bills, student loans, and personal loans.
However, suppose you have an overdue payment with a utility company or telephone service provider. In that case, it may not affect your score until those companies hire collection agencies to chase down the missed payments. However, it’s always best to communicate with these companies and discuss a payment plan if you’re struggling financially.
Sort Through Old and New Mail
If you’ve been avoiding opening your mail because you’re afraid of what’s in there, now is the time to get it under control.
Scan through all of your unopened mail to see if there are any bills from creditors or collection agencies. Don’t ignore items like medical bills, parking tickets, and anything else that could be considered a debt.
Look for Unpaid Bills with Your Bank
Your bank can tell you who has been trying to collect from your bank account and what they’ve tried to collect for. This information can help you learn about recent collections activity from old credit card debts that have gone into collections.
Keep Credit Card Receipts
Keeping receipts when using credit cards is a great way to keep track of what you owe. When you get home at the end of the day, check your receipts against your monthly credit card statement.
If you find any discrepancies, contact your credit card company immediately. If you don’t have any receipts from that month, call the toll-free number on the back of the card and ask for an itemized statement for that month.
Understand Your Debt with Help from Resolvly LLC
If you’re struggling to keep up with your bills, Resolvly LLC can help. We will take the time to analyze your financial situation and connect you with consumer protection attorneys with a proven track record of helping individuals and families get out of debt.
To get started, all you have to do is fill out Resolvly LLC’s online form, and an agent will be in touch. We look forward to speaking with you and learning more about ways we can help you understand your debt.