Put every balance, rate, payment, due date, and status in one place before making a payoff decision.

Why it matters

Missing one account can distort the plan and create preventable late fees.

What to focus on

  • Use current statements
  • Separate secured and unsecured debt
  • Flag past-due accounts
ExampleA debt list should include credit cards, personal loans, student loans, auto loans, medical balances, and any past-due accounts.

Put it into practice

  • Gather statements
  • Record minimums and APRs
  • Confirm due dates
Write down one decision and schedule a short review. Small, repeatable steps are easier to maintain than a one-time overhaul.
Educational information only. Money in Reach does not provide financial, investment, tax, insurance, credit, mortgage, or legal advice.