South
Carolina Collection Laws
The
following is a summary of the South Carolina Collection Laws.
The
information here may not be 100% accurate and should not to be
construed as legal advise. We make no warranty, express or implied
concerning any information contained on this South Carolina Collection Laws
page, and we assume no liability for its use.
South
CarolinaCollection
Laws Interest Rate
Legal:
8.75%
Judgment:
12%
South
Carolina Collection Laws Statute Of Limitations
(Years)
Open
Acct: 3
Written
Contract: 3
Domestic
Judgment: 10
Foreign
Judgment: 10
South
Carolina Collection Laws Bad Check Laws
(NSF) (Civil Penalty)
Reasonable court costs, amount of check
& damages up to $500 or 3X check amount whichever is smaller
South
CarolinaCollection
Laws General Garnishment Exemptions
100%
South
Carolina Collection Laws Collection Agency Bond & Licensing Rules
Bond:
No
License: Yes – all business
Fee: No
Exemption
for out –of-state collectors: License required for instate agency
only.
Merchants
Credit Bureau hopes that this information assists you in finding a South
Carolina Collection Agency
and researching South Carolina collection laws. |