South Carolina Collection Agency Laws

South Carolina Collection Agency Laws that regulate debt collection.

The Creditors Guide To South Carolina Collection Laws

Following is a some important information on South CarolinaCollection Laws including: South Carolina Statutes, South Carolina Judgments, South Carolina Garnishments, South Carolina Interest Rates, South Carolina Bad Check Laws and South Carolina Collection Agency Requirements. Please be sure that you check the South Carolina State website for the latest updates to the South Carolina Collection Agency Laws.

INTEREST RATE

• Legal: 8.75%
• Judgment: 12%

STATUTE OF LIMITATIONS (IN YEARS)

• Open Acct.: 3
• Written Contract: 3
• Domestic Judgment: 10
• Foreign Judgment: 10

BAD CHECK LAWS (CIVIL PENALTY)
Reasonable court costs amount of check& damages up to $500 or 3x checkamount whichever is smaller

GENERAL GARNISHMENT EXEMPTIONS
100%

COLLECTION AGENCY BOND & LICENSE

• Bond: No
• License: Yes - all business
• Fee: No
• Exemption for out-of-state collectors: License required for instate agency only.

Recommended South Carolina Collection Agency Listings:

South CarolinaCollection Agency
Debt-Collection-Laws.com offers you a directory of the top ranked debt collection agencies in the United States by state.

Please note this website site not intended to give legal advice and may not be complete or up to date with the most current South Carolina collection laws changes.

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