South Carolina Debt Collection Laws and Statutes

AccountsReceivable.com handles debt collections throughout the entire state of South Carolina.

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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