To make a plan for getting out of debt, the first thing you need to do is figure out who and how much you owe. Start by getting a copy of your credit report. Your report will contain all of your financial obligations from institutions that report to the major credit bureaus. Your credit report might not contain all your debts, so you should also use recent statements from your creditors to complete your list.
Take out piece of paper and write down the name of each creditor, total amount owed, monthly payment, and interest rate for your accounts. Or print this debt tracking worksheet to list your debts. Depending on your goals for getting out of debt, you may want to consider only bad debt, such as credit cards and small loans.