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statue of limitation for a car loan?

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Junior Member
What is the name of your state?What is the name of your state? Indiana

I was just mailed a letter saying they are going to take legal action agaisnt me. I was under the assumption a car loan was a written contract for the payment of money, which is limited to 6 years. Am I wrong or is March of '99 not a little over six years ago. :confused:

Thank you to anyone who gives feedback.


Senior Member
Well, if it is just a letter from the loan place's collection agent, it may just be a threat to try to get you to pay up, there are many people who panic when they are threatened like this, and go hog wild to get the money and avoid the threatened suit.

The SOL does not stop them from filing a suit, they can still file anytime they want to do so, it just means you can raise it at the hearing as your defense to have the case dismissed as being time barred.

Remember the SOL starts counting from whenever the account first went into default, this would be 30days after the last payment or charge was made to the account. If they reposessed a vehicle, they may be able to argue that when they sold it at auction, that counted as a payment towards the account, which made the SOL start ticking after that, instead of when you actually lost the car.

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