How Do I Find All My Debt Collectors? How Much Do I Own Now?
Posted on May 25, 2009 at 10:06 am
Hi,
I'm planning to file bankruptcy chapter 7 or 11. In order to determine which bankruptcy to file, how do I find all my debt collectors and how much I own from each debt collectors? Thanks.
Kenneth
Posted on May 25, 2009 at 10:53 am
Have you received any correspondence from your collectors? Usually they will send you collection letters (once per month on average) and try to contact you over the phone (sometimes multiple times a day).
I would keep an eye out for anything in the mail, and keep in mind that you can always contact your original creditors to find out. While it is unlikely that they will discuss your accounts with you, they should be able to give you a phone number (and potentially the name of the third party collector) for you to call to get the current status of your accounts, how much you owe etc.
If you don't mind me asking, what is your situation? Have you considered any bankruptcy alternatives?
Posted on May 25, 2009 at 1:09 pm
You can also pull a free credit report at annualcreditreport.com once a year. You may be able to see who is collecting on the debt at this time as most collection agencies will report to the three major credit bureaus once per month to let them know you are still past due on your debts.
Posted on May 25, 2009 at 11:12 pm
Thanks for the replies.
Tom: I have consider bankruptcy alternatives regarding my debt situation. After speaking to a finanical advisor, the best situation for me to file bankruptcy. I got into this mess for helping someone out who promise to repay me when her situation rebounce.
Right now, I'm debating whether to file chapter 7 myself or get an attorney. I don't mind filing all the paperworks and etc. My only concern is to make sure I didn't miss any debt collectors while filing. Debts includes car loans, credit cards, and home mortgage loan.
Van: Thanks for the tip, I will get a copy of my credit card history.
Normally, how do most attorney find the debt collectors and make sure they don't miss any?
Kenneth
Posted on May 25, 2009 at 11:28 pm
I'm pretty sure that attorneys rely on your credit report (pull one from all three credit bureaus - Experian, Equifax, and Transunion) and your creditor correspondence. The last line of defense for you is to just go through and try to list anyone you took out a loan from that you can remember, and if it's not on your credit report, call up that creditor and try to find out what happened to the account.
Posted on May 27, 2009 at 1:29 am
Thanks everyone for the tips. I will get a copy of my credit reports and call up the creditors that is not listed in credit reports.
Kenneth
Posted on October 23, 2009 at 4:34 am
I'm curious, who usually ask this question "How do I find all my creditors? How much do I own now?"
Is it the consumer that's already received a letter from the creditor/collection agency...if so, aren't they obligated to:
-state the amount you owe
-your creditors info
-what you can do if you wish to have your debt verified
Posted on October 23, 2009 at 4:36 am
You know...the question, "How do I find all my creditors? How much do I own now?"==
might have originated from or is related to the question WHEN IS THE BEST TIME TO PAY MY DEBT and how do I know how much I owe?
Posted on October 23, 2009 at 4:41 am
You know...the question, "How do I find all my creditors? How much do I own now?"==
might have originated from or is related to the question WHEN IS THE BEST TIME TO PAY MY DEBT and how do I know how much I owe?
The best time to pay one's debt maybe is when the account is already with a collection agency -- that means that it's already past due and has a chance for debt settlement, if it's over $10,000.
What if it is still with the creditor and the accounts are current?
Posted on October 23, 2009 at 4:42 am
The consumer can try credit counseling (debt management plan) - that is if the amount owed is less than $10,000 with high interest rates.