What is the maximum amount of interest and late fees a creditor can charge for a debt under IN state law

Note that I am not licensed to practice in your state.

It might be possible that you are no longer responsible for this debt. In Indiana, the statute of limitations for collecting delinquent accounts is 6 years. It is 10 years if there's a written contract for the services. Depending on what your circumstances are, you could be home free.

However, even if you are still within the statute of limitations, you can make an argument that since you didn't take the course, they can't charge you for services not rendered.

My best advice is to get an attorney in your area to fight this. Don't simply put it off or ignore it because then they can get a default judgment against you. Take care of it right away.

It may not be this simple. Many lenders, such as payday loan companies, credit card companies, etc., have what is called a "choice of law" provision in the loan documents. This allows them to use other states' provisions for interest and late fees.

Brett Weiss
brett@BankruptcyLawMaryland.com

I'm sure that last answer helped a lot. If you signed a contract for the course but never took it or paid, the first answer is correct. The statute of limitations on this debt has almost certainly run, regardless of what state the choice of law clause specifies.