If you have unpaid debts, you may be wondering how long creditors have to collect on them. This is where the statute of limitations on debt in Indiana comes into play. Each state has its own laws regarding the time frame in which creditors can legally pursue unpaid debts. In Indiana, the statute of limitations on debt varies depending on the type of debt. Understanding the statute of limitations can be helpful, but it’s important to remember that it doesn’t erase the debt itself. If you’re overwhelmed with unsecured debt, such as credit cards or medical bills, there are debt relief programs available that can help you explore solutions to manage your debt and achieve financial wellness. In Indiana, debt settlement programs offer an option to negotiate with creditors and potentially reduce your overall debt. CuraDebt will assess your situation and help you explore all your options, including debt settlement.

Get started by taking their free debt consultation today!

Discovering Indiana

A rich history dating back to 8,000 BC with Paleo-Indians makes Indiana a captivating destination. The state’s fertile soil and waterways fueled further growth, and today Indiana’s economy hums with motor vehicles, pharmaceuticals, and high-tech industries. As the 16th most populous state (over 6.6 million residents in 2018), Indiana offers a unique blend of Midwestern charm and big-city excitement, waiting to be explored. Indianapolis, the largest city, serves as the vibrant capital, while charming small towns and historical landmarks like the Tippecanoe Battlefield dot the landscape.

Debt Statistics In Indiana

According to the Experian Consumer Credit Review, the average credit card debt in Indiana is $5,254. This places Indiana among the states with lower credit card debt. The average student loan debt in Indiana is $32,874, which is lower than the national average. And the average mortgage debt in Indiana is around $141,000.

Median Household Income in Indiana

Indiana’s income statistics reflect a diverse economic landscape. According to DataUSA, Indiana boasts a median household income of $61,944, with variations across different regions and industries. The state’s diverse workforce spans manufacturing, agriculture, healthcare, and education sectors, vital for sustaining its economic stability and growth. This figure showcases Indiana’s affordability and living standards, while also signaling potential for growth in the state’s labor market.

Employment Rate In Indiana

Indiana’s unemployment rate in December 2024 stands at 3.6%, according to the Indiana Department of Workforce Development. Based on the latest BLS data, Indiana’s job market thrives with manufacturing, healthcare, education, and retail sectors making substantial impacts. The BLS reports a steady growth in employment figures, reflecting the state’s resilience amid economic fluctuations. Additionally, Indiana’s unemployment rate remains competitive, underscoring its status as a favorable destination for job seekers and businesses alike. With valuable insights from the BLS, stakeholders can make informed decisions to foster continued economic prosperity in the Hoosier State.

What is the Statute of Limitations on Debt?

The statute of limitations on debt is a legal time limit that restricts the amount of time a creditor has to file a lawsuit against a debtor for an unpaid debt. Once the statute of limitations has expired, the creditor can no longer take legal action to collect the debt. This time limit varies by state and type of debt.

Why Does the Statute of Limitations Exist?

The statute of limitations exists to protect debtors from being sued for old debts. Over time, debt collection gets harder. Statute of limitations prevents creditors from pursuing legal action endlessly, ensuring fairness for all parties involved.

How Does the Statute of Limitations Work?

The statute of limitations begins from the date of the last activity on the account. This could be the date of the last payment or the date of the last charge. Once the statute of limitations lapses, debts become “time-barred,” barring creditors from pursuing legal action to recover them.

Statute of Limitations on Debt in Indiana

In Indiana, the statute of limitations on debt varies depending on the type of debt. Here are the time limits for different types of debt in Indiana:

  • Oral agreements: 6 years
  • Written contracts: 10 years
  • Promissory notes: 10 years
  • Open-ended accounts (credit cards): 6 years
  • Auto loans: 4 years
  • Medical debt: 6 years
  • Judgments: 20 years

Oral Agreements

Oral agreements, also known as verbal agreements, are not as common as written contracts, but they are still legally binding. In Indiana, oral agreements have a statute of limitations of six years starting from the last payment or charge date.

Written Contracts

Written contracts are the most common type of debt and include things like personal loans, mortgages, and car loans. In Indiana, the statute of limitations for written contracts expires ten years from the last payment or charge date.

Promissory Notes

A promissory note is a written promise to pay back a loan. In Indiana, promissory notes have a statute of limitations lasting 10 years, beginning from the last payment or charge date.

Open-Ended Accounts (Credit Cards)

Open-ended accounts, like credit cards, lack a fixed end date, allowing continuous debt accumulation while the account remains active. In Indiana, the statute of limitations for open-ended accounts is 6 years from the date of the last payment or charge.

Auto Loans

Auto loans are a type of written contract and have a statute of limitations of 4 years in Indiana. This means that if you stop making payments on your car loan, the creditor has 4 years from the date of the last payment to take legal action to collect the debt.

Medical Debt

Medical debt is a type of written contract and has a statute of limitations of 6 years in Indiana. This means that if you have unpaid medical bills, the creditor has 6 years from the date of the last payment to take legal action to collect the debt.


If a creditor takes legal action and obtains a judgment against you, the statute of limitations for that judgment is 20 years in Indiana. This means that the creditor has 20 years to collect on the judgment.

What Happens When the Statute of Limitations Expires?

Once the statute of limitations has expired, the debt is considered “time-barred” and the creditor can no longer take legal action to collect it. This means that they cannot sue you, garnish your wages, or take any other legal action to collect the debt.

However, it’s important to note that the debt still exists and the creditor can still attempt to collect it through other means, such as calling you or sending letters. They may also try to convince you to make a payment, which could restart the statute of limitations.

What Can Restart the Statute of Limitations?

In some cases, the statute of limitations can be restarted, giving the creditor more time to collect the debt. Here are a few things that can restart the statute of limitations in Indiana:

  • Making a payment: If you make a payment on a time-barred debt, the statute of limitations may restart.
  • Acknowledging the debt: If you acknowledge the debt in writing, the statute of limitations may restart.
  • Moving to a different state: If you move to a state with a longer statute of limitations, the new state’s time limit may apply to your debt.

What Should You Do if You’re Contacted About a Time-Barred Debt?

If you’re contacted about a debt that is past the statute of limitations, it’s important to know your rights. You are not legally obligated to pay a time-barred debt, and you can request that the creditor stop contacting you about it.

If the creditor continues to contact you, you can send them a cease and desist letter, which is a formal request to stop all communication. If they continue to contact you after receiving this letter, they are violating the Fair Debt Collection Practices Act (FDCPA) and you can take legal action against them.

Indiana Debt Settlement Programs

In Indiana, individuals seeking relief from overwhelming debt often turn to debt settlement programs as a viable solution. One such reputable option is CuraDebt’s debt settlement program. With an A+ rating from the Better Business Bureau and a reputation for excellence, CuraDebt has earned the trust of hundreds of satisfied customers. Our proven track record in debt relief underscores our commitment to providing effective solutions tailored to each client’s needs. By negotiating with creditors on behalf of our clients, CuraDebt helps individuals in Indiana significantly reduce their debt burdens and regain financial stability.

Our extensive experience of over 23 years nationwide ensures clients receive expert guidance and support throughout the debt settlement process. With an exceptional client satisfaction rating and recognition from industry associations like the American Fair Credit Council, CuraDebt provides comprehensive solutions and peace of mind to individuals seeking to resolve their debt burdens effectively.

Other Debt Relief Programs In Indiana

As a debt settlement company committed to addressing the diverse needs of our clients, we offer a range of debt relief programs beyond debt settlement. In addition to our renowned debt settlement program, we provide debt negotiation services tailored to individuals seeking alternative avenues for debt resolution. Our team of experts specializes in negotiating with creditors to secure favorable terms, such as reduced interest rates or extended payment plans, alleviating the burden of debt for our clients.

Furthermore, we understand that every financial situation is unique, which is why we offer personalized debt relief programs designed to address specific circumstances and goals. At our company, we prioritize client satisfaction and financial well-being, which is why we offer a free debt consultation to assess individual needs and determine the most suitable path to debt resolution. With our expertise and personalized approach, we empower individuals to regain control of their finances and achieve lasting financial stability.


In conclusion, understanding the statute of limitations on debt in Indiana is crucial for managing financial obligations effectively. While it sets a timeframe for creditors to pursue unpaid debts, it doesn’t eliminate the debt itself. However, if overwhelmed with debt, exploring debt relief programs like debt settlement can provide solutions to manage and reduce debt burdens. With resources like CuraDebt’s debt settlement program, individuals in Indiana can navigate their financial challenges towards a path of stability and recovery. Take control of your financial future today with a free debt consultation.


  • What are the Indiana debt relief programs by CuraDebt? Debt relief programs in Indiana encompass various options, including debt settlement, debt negotiation services, and personalized debt relief programs tailored to individual needs.
  • How does Indiana debt relief work? Debt relief in Indiana involves strategies such as debt settlement, where negotiations with creditors aim to reduce overall debt burdens, and debt negotiation services, which assist in securing favorable terms with creditors. At CuraDebt, we offer debt settlement services not only to residents of Indiana but also to individuals seeking national debt relief. If you’re burdened with unsecured consumer debt, such as credit card debt, we’re here to assist you in finding relief.
  • Who qualifies for our program? To qualify for our program, you must meet the following criteria: You owe at least $10,000 in unsecured debts: This includes debts such as credit cards, payday loans, collections and repossessions, and some student loans.

Additionally, we are proud to offer our services in the following states: Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, and Wyoming.

At CuraDebt, we’re dedicated to helping individuals across the United States find relief from their debt burdens. If you meet the above qualifications and reside in any of the listed states, we’re here to assist you in achieving financial freedom.

Back to top

Get A Free, No-Obligation Debt Relief Consultation


Get A Free Debt Relief Consultation