South Carolina Commercial Credit & Collection Information
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 and 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.
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