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South Carolina Invoice Guard™s Statute of Limitations
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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Fixed Rate Collections makes it a common practice to speak directly with any potential clients wishing to gain access to the Fixed Rate Collections debt collection network. To get the signup process started, please fill out the form below and we will contact you within 12 business hours, or you may contact us immediately at 1-321-319-4131
Testimonials
"As a small businessman, I need all my money just to make ends meet. Using Invoice Guard™ has saved me money. As soon as I turned the account over to them, they called my Debtor and he brought a check right over to me." Read More "Our company thinks your program is fantastic. As a contractor, we always have issues with our payables. You guys are the best! It’s nice to find a product that really is a great value."Read More
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