Credit Card Debt Help in South Carolina

South Carolina Debt Relief Options and Laws

We provide debt settlement and debt consolidation services in the state of South Carolina. Our debt consultants are always ready to speak with you and give you a free consultation – you can call now:

(888) 703-4948

Credit Card Debt Settlement is a way to reduce your debts with your creditors into one low monthly program payment. This method is amazing for people who are experiencing the financial hit from the economy. Ideal participants in such programs are those who are seeing less income, have medical issues or are simply overwhelmed by debt.

However, you may not have to even apply for debt settlement if the statute of limitations is up in your state and the debt no longer appears on your credit report. Legally, credit companies must recover the debt in a period of time specified by the state or the debt is no longer recoverable after this time period. Read on to find out if the statute of limitations is up for you.

Debt Collection

(This is intended to be a helpful and informational debt resource for South Carolina consumers and does not constitute legal advice.)

South Carolina follows the set of laws that are collectively known as the Fair Debt Collection Practices Act (FDCPA).

• Original creditor or creditor collecting own debt must comply with all the provisions of the FDCPA, except those provisions dealing with required disclosures. (For example, the original creditor does not have to verify the debt’s validity).
• Original creditor cannot:
  • Threaten to use violence or other criminal means to cause harm to the debtor. If the original creditor does this, it loses its rights to collect the debt through legal means against the debtor.
  • Call the debtor or a family member at recurrent intervals during a 24 hour period or under other circumstances that make it reasonable to deduce that the intention of the calls is to harass the debtor.

South Carolina Debt Law

Maximum Interest Rate a Collection Agency Can Charge in South Carolina: 8.75%

South Carolina Wage Protection: 75% of disposable weekly earnings (after tax income) or 30 times federal hourly minimum wage, whichever is greater.

Statute of Limitations

Oral Agreements: 3 years
Written Contracts: 3 years
Promissory Notes: 3 years
Open Accounts (credit cards): 3 years

Whether you have unsecured credit cards, medical bills, personal loans or collection accounts, there’s help for you. The National Debt Relief Group offers a free consultation. You can fill out our Short Application and one of our debt specialists will contact you within

minutes, or you can call now – (888) 703-4948.