Finding My Debts And Who I Owe Money To. StepChange (2024)

FAQs

How do you find out who you owe debt to? ›

Check Your Credit Reports

Your credit report will show a list of all your reported balances, alongside who owns the debt and the amount due. You can review your Experian credit report for free at any time.

Credit reports show what money you've borrowed and paid back. It's a good idea to get copies of your credit reports to check you've got the right details for all your debts. You can get free copies of your credit reports from the 3 credit agencies - Experian, Equifax and TransUnion (formerly Callcredit).

If you are struggling with debt and debt collectors, Farmer & Morris Law, PLLC can help. As soon as you use the 11-word phrase “please cease and desist all calls and contact with me immediately” to stop the harassment, call us for a free consultation about what you can do to resolve your debt problems for good.

If something happens which means you cannot afford your monthly payment on a one-off bases, you should still contact us and let our advisors know. They will make sure that the people you owe are told why you could not make a payment. BREAKOUT: Missing several monthly payments could lead to your plan being closed.

So while your credit report is a good way to figure out which collection agency you owe, you may need to run reports from each of the three credit bureaus. Luckily, you can get a free credit report from each agency at least once a year. You can request this report for all three bureaus from AnnualCreditReport.com.

Highlights: Most negative information generally stays on credit reports for 7 years. Bankruptcy stays on your Equifax credit report for 7 to 10 years, depending on the bankruptcy type. Closed accounts paid as agreed stay on your Equifax credit report for up to 10 years.

The debt will likely fall off of your credit report after seven years. In some states, the statute of limitations could last longer, so make a note of the start date as soon as you can.

You can visit the nearest branch of the bank from whom you availed the personal loan to get your personal loan statement. Make sure you carry all the relevant documents with you to the bank. A representative from the bank will help you with the process and will provide you with your personal loan statement.

Don't provide personal or sensitive financial information

Never give out or confirm personal or sensitive financial information – such as your bank account, credit card, or full Social Security number – unless you know the company or person you are talking with is a real debt collector.

If you stop paying your contract, your account will go into arrears and you'll lose access to the service. If you don't take steps to deal with the arrears your account will default and the debt will be dealt with following the normal collections process for unsecured debts.

Who pays for StepChange? ›

We receive money from StepChange Voluntary Arrangements which arranges and supervises individual voluntary arrangements. The firm earns fees that are agreed with the creditors at the outset of the arrangement and which are deducted from the subsequent distributions made to those creditors.

Your lender will contact you to demand the missing payments are made. Then if you don't make the payments they ask for, the account will default. And if you still don't pay, further action may be taken, such as employing debt collection agents to recover the money you owe them.

If you have debts in collections with TransUnion and/or Equifax, they should be listed on Credit Karma. However, remember that because Credit Karma is not the most original, direct source of credit information, there can be mistakes.

If you don't pay, the collection agency can sue you to try to collect the debt. If successful, the court may grant them the authority to garnish your wages or bank account or place a lien on your property. You can defend yourself in a debt collection lawsuit or file bankruptcy to stop collection actions.

The short answer is yes. With the proper authority, anyone can obtain a copy of another person's credit report. The key here, though, is having what the Fair Credit Reporting Act refers to as “permissible purpose” to access the report.