South Carolina Collection 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 check amount
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.
This site has taken this information from the website listed in this state. We will not be held liable for any errors or for not updating. Updates are done every 3 months.