The best way to determine one's debt, how much is owed and to whom these debts are owed would be to request a current credit report and credit score, according to CNN Money. Free copies are available of one's credit report from all the major credit bureaus.
The three most popular and trusted credit bureaus are Equifax, Experian and TransUnion. These companies pull together all available credit information and analyze it to determine a credit score, which can be obtained for about $15. The FICO score is the one that is referenced the most by lenders, reports CNN Money.
A credit report includes a detailed list of exactly which entities or institutions have claimed a debt against an individual. It also includes information about how much these debts are and when they were accrued, states CNN Money. An individual can view this information to determine the extent of his debt, and he should always check his credit report for any inconsistencies or inaccuracies. If there are any errors, report them to the bureaus so that they can investigate.
Individuals can obtain a free credit report for any of the aforementioned credit bureaus from AnnualCreditReport.com, and a FICO credit score can be obtained from MyFICO.com, according to CNN Money.