3 Ways To Track Down Your Old Debts

by Gerri Detweiler, Credit.com

SalFalko / Creative Commons

SalFalko / Creative Commons

When you’re on a mission to clean up your credit, there’s one task that may prove more difficult than you’d think: figuring out who you owe. That’s especially true if some of your debts are old, and have been sold by your creditors to collection agencies. These debts may be bought and sold multiple times, and some even remain in limbo for months or years. Tracking down the owner of a debt so you can pay it sometimes proves challenging.

Here are three ways to find your debts so you can resolve them, along with three crucial things you need to understand when you do.

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