How to Calculate an Individual Net Worth Based on a Credit Report

An individual's net worth is a measure of her total assets against her total liabilities. It can be difficult to rack all of your liabilities if you have not carefully managed your finances. Fortunately, credit agencies are more than happy to track your liabilities. Use a credit report to assess your liabilities and to use them in your calculation of your net worth.

Instructions

1

Add up the value of all of your assets. Assets include cash, investments and property such as a house or car. This will give you the total value of your assets.

2

Look up the obligation amount for each liability on the credit report.

3

Add up the total value of the obligation amounts. This will give you your total liabilities.

4

Subtract the total liabilities from the total assets. This will give you your net worth. If the number is positive, you have a positive net worth, indicating that you have more assets than liabilities. If the number is negative, your liabilities are greater than your assets, meaning you have a negative net worth.