In the Hoosier State, Indiana residents find themselves with a low unemployment rate and growth in manufacturing jobs that promises to boost the state’s economy for the rest of 2018. Unfortunately, improvements in quality of life are not shared equally among all the state’s residents, and some folks find themselves in need of Indiana debt help. As with many people scrambling to make ends meet, many Indianans have turned to their credit cards, which has resulted in an average debt of $4,878 per household. If you find yourself struggling with debt and are looking for a way out, you need to turn to financial experts who can provide you with the Indiana debt relief that you require.
Get the Indiana Debt Relief You Need
For families living in Indiana, the state offers protection and programs like Indiana debt consolidation programs, or other debt relief plans. Understanding the state’s statutes of limitations is important to knowing your rights under the consumer protection laws. Although it varies state by state, the statutes of limitations is a specific limitation on the time in which creditors can file legal action against you for past due debts. In the Hoosier State, the statutes of limitations on outstanding debts include:
- Oral Contracts—6 Years
- Written Contracts—10 Years
- Promissory—10 Years
Additionally, the state’s legal protections ensures that collection efforts conform to established norms and procedures that limit the hours and places they can call to reach you for a payment.
Indiana follows the set of laws known as the Fair Debt Collection Practices Act.
Maximum Interest Rate a Collection Agency Can Charge in Indiana: 8%
Indiana Wage Protection: 75% of weekly disposable weekly earnings, or 30 times the federal minimum wage.
Indiana Debt Relief from Americor Financial
You don’t need to lose sleep at night over your debt, but you do need to get control of your finances if you want to move on with your life. You need to discuss the range of debt management options available to you, and our team of financial experts is standing by to help you with the Indiana debt relief plan that will help you get back on your financial feet. Get the night of good sleep you deserve with the help of Americor Financial.