How to check how many loans i have: Figuring out how many loans you currently have can seem daunting, but it’s an important part of managing your finances and credit. Having too many loans at once can overburden you with debt and hurt your credit score. On the other hand, keeping track of your loans helps ensure you make payments on time and don’t miss any important notices from lenders.
Fortunately, with a bit of effort, you can get a full picture of your current loans and make sure you stay on top of them. This beginner’s guide will walk you through the steps to check your number of loans from different sources.
Check Your Credit Report
One of the best ways to see all your loans in one place is to check your credit report. Your credit report lists every type of credit account you have open. This includes:
- Mortgage loans
- Auto loans
- Personal loans
- Student loans
- Credit cards (which technically function as revolving credit lines)
- Any other kind of financing agreement
So by requesting a copy of your credit report from one of the three main consumer credit bureaus, you can find information on most or all of your loans in one consolidated report.
Under federal law, you’re entitled to one free credit report per year from each of the nationwide bureaus. You can request all three at once or space them out throughout the year to check for any changes. Use the official Annual Credit Report website rather than any other site advertising “free” credit reports.
Once you have your credit report, look in the “Accounts” section. This lists every open loan account, including the lender name, date opened, loan type, loan term, and current balance. If you have trouble deciphering your credit report, the Consumer Financial Protection Bureau offers a helpful guide.
This method provides the most comprehensive snapshot of your outstanding loans and debt obligations. The only potential limitation is that some lenders don’t report certain loans like private student loans to credit bureaus, so they may be missing from the report.
Check Student Loan Records
In addition to checking your credit report for student loans, you can look up your federal student loans specifically using the National Student Loan Data System (NSLDS).
The NSLDS allows you to view your full federal loan history including Pell grants, Parent PLUS loans, and TEACH grants. Log in using your Federal Student Aid (FSA) ID.
Once logged in, you can see your federal loan types, disbursement dates, outstanding balances, loan statuses, and which loan servicer manages your repayment. The NSLDS will also show any federal loans that have been paid off or defaulted.
While the NSLDS covers your federal loans, it won’t show private student loans. For those, check your credit report and contact your lenders directly. Having the full picture of both federal and private student loans allows you to manage both types effectively.
Review Mortgage and Auto Loan Paperwork
For mortgages and auto loans, your best source of information is the original paperwork and statements for each loan. This paperwork contains all the details like:
- Lender name
- Loan amount and term
- Interest rate
- Monthly payment
- Payoff date
Dig up your mortgage paperwork to see primary mortgage details, including if you have a second mortgage or home equity line of credit.
For auto loans, check the sales contract and financing agreement from when you purchased the car. You can also find info on your auto loan term and payoff date on your monthly billing statement.
Beyond paperwork, you can check your property tax records for mortgage liens and auto title for vehicle loan liens against the properties.
Contact Lenders About Other Loans
For personal loans, small business loans, and other direct lending arrangements, your best recourse is to contact lenders directly. Make a list of any banks, credit unions, online lenders, or alternative lenders you may have borrowed from in the past.
You can call their customer service lines or check their websites to get details on:
- Loan open date
- Original and current loan amount
- Interest rate
- Monthly payment and payoff date
- Outstanding balance
If you’re unsure where you obtained some loans, your credit report may list the lender names and details.
Some lenders also offer online portals where you can securely log in and view your full loan information. Search for “loan management” features on lender websites.
Consider Using Financial Tools
In addition to checking with individual lenders, you may find it helpful to use online accounts or apps to aggregate your financial information:
- Budgeting apps like Mint track all your loan accounts, balances, interest rates, and payments in one dashboard.
- Your bank or credit union may offer an online personal financial management tool. Similarly, many aggregate your accounts, transactions, and debts.
- Retirement providers like Fidelity or Vanguard have online portals to manage your accounts. You can see any securities-backed loans or mortgages from their servicing arms.
- Apps like Albert and Cleo use artificial intelligence and algorithms to analyze your income, spending, and debts. Some have bill pay features to manage loan payments.
- Credit monitoring services like Credit Karma provide a snapshot of loan accounts from your credit reports. Useful for tracking changes over time.
The convenience of seeing all your debts in one place can help you stay organized. But still refer to primary sources like your reports and lenders for full accuracy.
Consider Using a Personal Finance App or Spreadsheet
Once you’ve gathered all the details on your loans, you may find it helpful to compile the information into one centralized tool for tracking purposes. Options include:
- A personal finance app like Mint, Personal Capital, YNAB, or EveryDollar that syncs with your accounts and loans.
- A mobile app designed specifically for loan management like LoanBuddy, Loan Hero, or Loan Manager.
- A simple spreadsheet (like Excel or Google Sheets) where you manually record the key details on each loan in separate rows.
- A notebook or written register where you write down your loans, interest rates, monthly payments, and other key terms.
Whichever system works best for you, having all the loan details in one place can help with budgeting, prioritizing payments, and monitoring your overall debt payoff progress.
How Often Should You Check?
Ideally, keep tabs on your full loan portfolio at least 2-4 times per year. Some experts recommend:
- Checking your credit report and student loans 3 times per year.
- Reviewing mortgage, auto, and other loan paperwork every 6 months.
- Monitoring account aggregation tools like Mint monthly.
- Updating your manual loan tracking spreadsheet or registering quarterly.
Of course, the ideal frequency depends on your individual situation:
- If you only have 1-2 stable loans, annual checks may suffice.
- If you’re actively paying down debt, monthly or quarterly reviews help accelerate payoff.
- Major life events like a new loan, move, or job change warrant immediate updates.
Finding a consistent schedule that fits your needs will ensure you always know where you stand. Catching any discrepancies quickly can prevent headaches down the road.
On occasion, your loan review may turn up discrepancies, inaccuracies, or missing information:
- Contact lenders if your paperwork, statements, or credit report contains errors or omissions. Ask them to investigate and correct the issues.
- If a paid off loan still shows outstanding, provide payoff documentation to the lender and credit bureaus to close it.
- For identity theft/fraud issues, file disputes immediately and report to the authorities. Also, place a fraud alert and credit freeze with the credit bureaus.
- With federal student loans, contact your loan servicer and/or submit a complaint to the Federal Student Aid (FSA) Ombudsman Group.
- For other loan issues, submit official complaints and escalate them through CFPB or state regulators for additional support.
Having documentation and following proper dispute procedures will help resolve lingering loan issues. Don’t ignore any problems—the sooner you get them corrected, the better.
Leverage the Information
Once you have all the details on your loans organized, put that knowledge into action:
- Update your budget to factor in all monthly loan payments. Having the full picture helps prevent missed payments.
- Make a debt payoff plan listing all debts from highest to lowest interest rate, then aggressively pay down that list.
- Consolidate information for tax deductions on interest paid for student loans, mortgages, and potentially other loans depending on your situation.
- With your total interest costs in mind, refinance loans when possible to reduce rates.
- If struggling with repayments, consider consolidation and credit counseling to streamline payments.
- Or set up autopay through your lender to avoid missed payments and penalties.
Staying informed on all your loans creates opportunities for better cost savings, faster payoff, improved organization, and avoiding late fees.
Know Where You Stand
Checking your loans doesn’t have to be a scary or frustrating process. In fact, most lenders and credit reporting systems make it relatively straightforward to access your loan information. The most important step is taking the initiative to regularly check and monitor your lending obligations.
Make it a habit to review your loan portfolio each quarter or year—just like you would other financial accounts. That way you can feel confident you know where you stand at all times. You’ll be in control of your debt with the full picture for smart budgeting and repayment.