The statute of limitations for payment of money under a contract is 6 years per §34-11-2-9; so if no payments have been made in that time frame then the debt would be time barred by the statute of limitations.
If a defendant receives a summons they must appear or the court will enter a default judgment-which essentially grants the plaintiff the relief requested.
If the debt is valid, often times the defendant will attempt to pay a lump sum settlement or work out a payment plan; this is beneficial because of the following:
1. a judgment will typically include legal fees and court costs
2. a judgment is reported to the credit bureua and significantly decreases one's credit score.
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Information provided is for educational purposes only. Consultation with a personal attorney is always recommended so your particular facts may be considered. Thank you and take care.