Everything you need to know about personal loan debt in Illinois: the statute of limitations is 10 years, garnishment is capped at 15% of gross wages, and 3 state-specific protections apply to your case.
10 years
Statute of limitations (written contracts)
$8,018
Avg. personal loan debt in US
15% of gross wages
Garnishment limit
In Illinois, personal loan debt falls under written contracts with a statute of limitations of 10 years. Once the SOL expires, collectors cannot sue you for the debt — but they can still call. If you make a payment or acknowledge the debt in writing, the SOL clock may restart under Illinois law.
Credit/Open
5 years
Written
10 years
Oral
5 years
These strategies combine federal FDCPA protections with Illinois-specific laws like the Illinois Collection Agency Act.
In Illinois, the SOL for this debt type is 10 years — check if your debt has expired.
If a collector wins a judgment for personal loan debt in Illinois, garnishment is limited to: 15% of gross wages.
Illinois Collection Agency Act
File complaints: AG Consumer Protection
These Illinois-specific protections apply to your personal loan debt case:
All Illinois Debt Laws
SOL, garnishment, protections for all debt types
Personal Loan Debt Dispute Guide
Strategies, laws, and tips nationwide
DebtShield generates AI dispute letters that cite Illinois law (Illinois Collection Agency Act) and federal FDCPA protections. Built for Illinois residents with personal loan debt.
Generate Illinois Personal Loan Debt Dispute LetterAuto-cites Illinois statutes + FDCPA + FDCPA (15 USC § 1692) | From $9.99/mo