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Indiana Statute of Limitations on Debt – What You Need To Know


If you have old debts in Indiana, you may be wondering how long creditors and debt collectors can legally pursue you for payment. This time limit is called the “statute of limitations,” and it varies based on the type of debt.At our financial company, we want to empower consumers to understand their rights when it comes to debt collection. Read on for a helpful guide to Indiana’s statute of limitations laws.

An Overview of Statute of Limitations Laws

The statute of limitations sets a time limit for when creditors and collectors can sue you in court for unpaid debts. This limit ranges from 2-20 years depending on the type of debt in Indiana. Once the statute of limitations expires, creditors lose the right to sue you for the debt. However, you still technically owe the debt even after the time limit is up. The clock starts ticking on the statute of limitations on the date of your last payment or activity on the account. If you make a payment after that date, it can “restart” the statute of limitations.So be cautious when collectors call about old debts – don’t agree to make a payment as it could reset the time limit! Always consult a lawyer before taking action on time-barred debts.

Time Limits by Type of Debt in Indiana

Here are the statute of limitations periods for common types of debt in Indiana:

  • Credit card debt: 6 years
  • Medical debt: 6 years
  • Personal loans: 6 years
  • Auto loans: 4 years
  • Mortgages: 6 years
  • Federal student loans: 6 years from default date
  • Private student loans: 6 years
  • State tax debt: 10 years
  • Child support: 10 years after emancipation of child or termination of support order

As you can see, most common consumer debts have a 6 year statute of limitations in Indiana. However, auto loans are shorter at 4 years while tax debt is longer at 10 years.For federal student loans, the statute of limitations is 6 years from the date you defaulted and stopped making payments. This time limit applies to collection lawsuits – the government can still garnish wages and withhold tax refunds after 6 years.

Responding to Lawsuits on Old Debts

If a creditor sues you to collect on a debt that you believe is past the statute of limitations, make sure to respond! Here are some tips:

  • Consult a lawyer immediately.
  • File an “Answer” with the court asserting the statute of limitations as a defense.
  • Show up to any court hearings.
  • Bring proof the debt is time-barred, like old account statements.
  • Stick to your defense – don’t make any payment offers.

With the help of a lawyer, you can get lawsuits dismissed when creditors violate the statute of limitations. Don’t ignore a lawsuit notice – taking action is key!

Options for Dealing with Old Debt

If collectors contact you about a time-barred account, here are some options:

  • Negotiate a settlement – Offer to pay a smaller lump sum to settle the debt, but get any deal in writing first.
  • Respond to any lawsuits – Don’t ignore a court summons over old debts. Fight back!
  • File for bankruptcy – Discharge eligible old debts entirely through bankruptcy.
  • Wait it out – Cease communication and let the statute of limitations expire.
  • Pay in full – You can voluntarily repay the debt even if the statute of limitations has run out.

Weigh these options carefully and think about your specific situation. And never make a partial payment – it could restart the statute of limitations!

Be Wary of Debt Collector Tactics

Unfortunately, some debt collectors resort to questionable tactics like:

  • Falsely claiming the law allows them to sue on time-barred debts
  • Failing to disclose when the statute of limitations has expired
  • Using intimidating language to coerce payment on old debts

This kind of conduct violates federal and Indiana debt collection laws. You have rights – don’t let collectors bully you into paying expired debts.

Reviewing Your Credit Reports

Make sure to check your credit reports periodically for any inaccuracies regarding old debts. You can order free annual credit reports from Equifax, Experian, and TransUnion at you find errors or out-of-date information about accounts past the statute of limitations, you can dispute it with the credit bureaus. This helps ensure old debts don’t negatively impact your credit history forever.

Consulting a Lawyer About Debt Issues

Has an aggressive collector got you worried about old debts? Our financial company recommends finding a lawyer to advise you on your rights. An attorney can help craft responses to collectors, defend against lawsuits, and explore options like bankruptcy if debts are overwhelming.Don’t struggle with debt alone – legal help can provide peace of mind. You have protections under Indiana statute of limitations laws.

Key Takeaways

  • Statute of limitations laws limit how long creditors can sue you for unpaid debts in Indiana.
  • Time periods range from 4-10 years based on the type of debt.
  • The clock restarts if you make a payment on the account.
  • Collectors may still contact you about expired debts – be cautious in your responses.
  • Consider negotiating, bankruptcy, or waiting it out if collectors pursue old debts.
  • Watch out for shady collection practices on time-barred accounts.
  • Check your credit reports and dispute errors regarding old debts.
  • Seek legal advice if you are overwhelmed – don’t go it alone!

We hope this overview gives you a better understanding of Indiana’s statute of limitations on debt collection. Don’t hesitate to reach out to our financial experts with any other questions or concerns. Our goal is helping you gain control over debt and achieve financial peace of mind.

Delancey Street is here for you

Our team is available always to help you. Regardless of whether you need advice, or just want to run a scenario by us. We take pride in the fact our team loves working with our clients - and truly cares about their financial and mental wellbeing.

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