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South Carolina Debt Collection Laws and Statutes

Below you will find important information on South Carolina state debt recovery laws including: South Carolina Statutes, Judgments, Garnishments, Interest Rates, and Bad Check Laws.

STATE: SOUTH CAROLINA

Interest Rate

  • Legal: 8.75%
  • Judgment: 12.25% (Rate changes every year on January 15th. Wall Street Journal Prime plus 4%)

STATUTE OF LIMITATIONS (IN YEARS)

  • Open Account: 3
  • Sale of Goods (UCC): 6
  • Written Contract: 3
  • Domestic Judgment: 10
  • Foreign Judgment: 10
  • Written Contract under Seal: 20

BAD CHECK LAWS (CIVIL PENALTY)

Reasonable court costs, amount of check & damages up to $500 or 3 x check amount, whichever is greater.

GENERAL GARNISHMENT EXEMPTIONS

100% – Garnishment not available in SC.

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