SOL exist?

[eli4625]

What is the name of your state (only U.S. law)? Indiana
I was under the belief that debt never went away? How do you find out if your state has a SOL on past CC debt?

 

[ecmst12]

All states have an SOL for debts. Google is how you can find out what it is. It does not make the debt "go away" per se, but it can be used as an affirmative defense if you are sued. However if the defense is not asserted, a judgement can still be granted, and collectors are allowed to attempt to collect forever.

 

[Antigone*]

as ECMST said...google is your friend

Indiana SOL's are, open accounts (credit cards,etc.) six (6) years; written contract for payment of money (promissory notes, etc.) before 9/1/82 10 years, after 8/31/82 6 years; written contracts for goods or services 10 years; domestic judgment against real estate 10 years; domestic judgment against a person 20 years; foreign judgments 10 years ('foreign' refers to abstract judgments filed from a different state). A summary can be found on Credit Card, Credit Reports, Tools, & Info. For the complete Indiana Code for civil procedures IN.gov: Home. Not all information concerning state laws are up to date, and state legislative sites can be difficult to assess and find the information wanted. Please take note, SOL's can be used only as a valid defense in a lawsuit, they do not designate the time a debt can be pursued for collection.

WikiAnswers - What is the statute of limitations for a debt in Indiana where can you find these statutes


My name is not google, I was just a click away and decided you save yours