Indiana Debt Relief

Pacific Debt Accreditations

Pacific Debt Relief is proud to be accredited by the following organizations.

• The International Association of Professional Debt Arbitrators
• The Consumer Debt Relief Initiative
• Better Business Bureau

The Federal Trade Commission, a government program, also oversees debt relief companies. Always check the accreditation as there are debt relief scams.

What Indiana Consumers can expect from our Debt Settlement Services

• Monthly payments based on your budget
• Resolve your situation in 2-4 years, based on national average
• No fees upfront and low monthly fees- fees vary from 15-25% of the total enrolled amount and state of registration
• Personal attention from your assigned Account Manager and Certified Debt Counselor
• Develop a management plan and lower negotiated rates and possibly decreased interest rates.
• Excellent Customer Service & Support
• We negotiate decreased balances and lowered interest rate with individual creditors
• We don't lend money and your financial data is safe with us!
• No low interest loan needed

While bankruptcy may seem easier than our debt settlement program, the after-effects of bankruptcy will last at least ten years and can result in poor credit ratings and less than a good credit score.

Indiana Debt Relief Reviews

Indiana Better Business Bureau

Pacific Debt is an A+ rated Business with the Better Business Bureau for debt negotiation services to individuals and families struggling with unsecured debt. We have been accredited since 2010 and in business since 2002. We specialize in settlement of unsecured debts like loans, medical debt, and credit card debt.

We have helped thousands of people in Indiana with accredited debt relief. Call us today, we can help you too! We can help you understand all your financial options and create a debt management plan with our debt settlement specialists.

Read debt relief reviews and case studies to see how Pacific Debt helped people eliminate their total enrolled debt. We have a staff of dedicated negotiators who are ready to help you with debt settlement negotiations with your creditors and debt collectors.

Be aware that your average credit score may take a hit during our program as you will be stopping minimum payments, but should recover with time.

Take a look at our debt relief reviews from verified customers to see debt settlement work.

Help for Indiana Residents

Click here to get your FREE Consultation & Savings Estimate, or call us at 800-909-9893

We can help you and your family with debt relief in the state of Indiana. We are also a national company and have contacts all over the US.

Remember, we offer a free consultation and analysis. You may also want to enroll in a complete credit counseling program.

Indiana

Indiana has been settled since 8000 BC when paleo-Indians first arrived. The rich soil and river systems contributed to its settlement after Europeans arrived. Motor vehicles, pharmaceutical products, optical and medical equipment, and electric machinery form much of the state's economy. Indiana ranks #16 for population and #16 for population density.

As of 2018, over 6.6 million people called Indiana home. Indianapolis is the largest city in Indiana.

Income

The median state income is $51,807. As of 2018, the minimum wage is $7.25 per hour. Unfortunately, 17.2% of Indiana children under 18 live in poverty. For Indiana residents overall, 14.4% of all people in Indiana live under the poverty level.

• Median state income: $51,807
• Minimum wage: $7.25/hour
• Children in poverty: 17.2%
• People in poverty: 14.4%
  

Is Indiana a Community Property State?

Indiana is not a community property state or marital property state. Therefore your assets are not seen as equally owned by you and your spouse. In the state of Indiana, the judge will decide which assets are shared by you and your spouse, and what the equity is for each.

There are 10 community property states in which the state sees your assets as community property are Louisiana, Arizona, California, Texas, Washington, Idaho, Nevada, New Mexico, and Wisconsin.

Homeowners

More than half (70%) of Indianans hold a mortgage. The median home price in Indiana is $133,500 (2018). Of course, that median price depends on the location with some areas being much higher.

• Homeowner rate: 70%
• Median home price: $133,500

Employment

Indiana has a current unemployment rate of 3.2%. However, the underemployment rate is 8.3%. Underemployment is the percentage of civilian workers who are unemployed, employed part-time or are not seeking employment.

If this is you, we can help. Pacific Debt offers solutions tailored to your unique situation and budget. Our certified counselors help you work up a budget and explain your options.

• Unemployment: 3.2% (2018)
• Underemployment: 8.3% (2017)

Indiana Debt Statistics

Indiana debt statistics are a bit bleak as Indianans carry a lot of debt. The average credit card debt is $6,958 (2018). The average student loan debt is $29,307. When you add all that debt on top of the cost of homes (rental or owned), versus the median income, it is very easy for Indianans to get into debt.

• Avg credit card debt: $6,958 (2018)
• Avg mortgage debt: $122,791 (2017)
• Avg student loan debt: $29,307 (2017)

Indiana Statute of Limitations

Indiana's statute of limitations lays out maximum time periods that debt collectors can take action. These statutes of limitations begin on the date that your debt goes delinquent.

The following are the statutes of limitations for different types of debt.

• Oral agreements: 6 years
• Written contracts: 6 years
• Promissory notes: 6 years
• Credit cards and other revolving loans: 6 years

Indiana Debt Settlement Programs

If you owe more than you can pay off, Pacific Debt can help you consolidate your debt and learn to live debt free. Since 2002, we've settled over $200 million in debt for thousands of clients.

We are a nationally top-ranked company specializing in debt settlement and we have helped countless Indiana residents with our services. Contact us today so we can help you too! Remember we offer free debt analysis and can recommend a good credit counseling agency.

We will help you work through our proven and comprehensive program. Your certified debt relief counselor will review all your options. If settlement is right for you, we move forward with our program and work to save you money. Pacific Debt can help with most unsecured debt like credit cards, personal loans, and repossessions.

It is not an easy process and it won't happen overnight, but you can do it. We will be there every step of the way to help.

Get Free Consultation 

Call us and ask our award winning specialists about our Indiana debt settlement program and how it can help you end your financial difficulties faster.

Since we are a national company, we may be able to help your relatives as well. If we can not, we will refer you to other Indiana debt relief programs including debt consolidation programs that we trust. We are leaders in the field and we want you to be able to trust our recommendations.

Other Debt Relief Programs

We are a debt settlement company and have discussed debt settlement is detail. The quick version is: you (or a company) negotiates with creditors to lower the debt amount of unsecured loans, like credit cards and helps you to save money in order to settle debts. Click here to learn more about debt settlement.

However, we do want you to understand your other options. These include debt consolidation, credit counseling, and bankruptcy.

Debt Consolidation 

This option rolls all debt into a single, lower interest payment. You apply for a lower interest loan to complete your payment plan or make a lump sum payment, or work with a debt consolidation company. Click here to learn more about debt consolidation.

Credit Counseling 

Credit counseling helps you learn money management including developing a budget, helping you understand your credit report, and set up a debt management plan. Click here to learn more about Credit Counseling.

Bankruptcy Filings

This is a last resort option – this legal action wipes out most of your debt, severely damages your credit for up to ten years, and is expensive and time-consuming. Click here to learn more about bankruptcy and bankruptcy filings.

Debt Collection Laws

Indianans are protected against unscrupulous debt collectors. The federal Fair Debt Collection Practices Act (FDCPA) prohibits debt collectors from using abusive or harassing bill collection practices. In addition, the Indiana Fair Debt Collection Practices Act (IFDCPA) adds protections against more types of collectors and actions. If you are a victim of any of these actions, you may take legal action against them.

Overall, debt collectors can NOT:

• Charges more than 10% interest
• Garnish more than 25% of wages
• U se/threaten physical force or criminal tactics to harm you, your property, or your reputation
• Accusing you of committing a crime for not paying the debt
• Make/threaten to make defamatory statements to someone else
• Threaten arrest, to seize assets, or garnish wages unless actually planning to take such action
• Use obscene or profane language
• Cause you to spend money you wouldn’t otherwise have spent (ie long-distance telephone calls)
• Call you repeatedly or let your phone ring repeatedly
• Call frequently
• Contact your employer, except to verify employment or health insurance status, garnish wages or locate you
• Reveal information about debt to anyone except your spouse or your parents if a minor.
• Publicly publish your name for failing to pay
• Send a postcard or letter with revealing information on the envelope
• Claim to be someone other than a debt collector, including a governmental official
• Use stationery that appears to be from a law firm
• Charge you collection or attorney’s fees unless legally allowable
• Threaten to report you to a credit reporting agency if they have no intention of doing so
• Send a letter claiming to come from a claim, credit, audit, or legal department unless it actually is

Debt collectors must:

• Disclose caller identification
• May contact your family to locate you
• Must serve you with notice of a lawsuit if suing you

Bankruptcy Court Information

Bankruptcy is a legal action that can erase most of your debt as well as your credit history. It is not an action to take lightly. If you do, you must follow the following steps in Indiana.

Persons filing for bankruptcy must:

• Complete credit counseling within six months before filing for bankruptcy.
• Complete a financial management instructional course after filing bankruptcy.
• Complete a Bankruptcy Act Means Test to determine if you are eligible for a Chapter 7 or 13 bankruptcy
• Itemize current income sources; major financial transactions; monthly living expenses; debts (secured and unsecured); and property (all assets and possessions, not just real estate).
• Collect last 2 years of tax returns, deeds to real estate you own, car titles, and loan documents
• File for bankruptcy
• Chapter 7 bankruptcy fee is $306
• Chapter 13 bankruptcy fee is $281
• Meet with court assigned bankruptcy trustee
• Attend a Meeting of Creditors
• Confirm plan if filing for Chapter 13 bankruptcy
  

Indiana Debt Questions

Indiana Cities Served by Pacific Debt

* Since not all states are included, not all clients can enroll in our company. People in other states can be connected to one of our trusted partners

Keep in mind that there are some tax consequences as well as temporarily decreased credit scores. Before deciding to pursue debt settlement, always discuss potential tax consequences with a tax professional who can provide you with tax advice.