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Credit Card Debt Consolidation Help in South Carolina Call Today: (877) 274-1260 |
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South Carolina Debt Relief Debt settlement, also known as debt negotiation and debt reduction, is the process by which we negotiate and settle a debt for a reduced amount on behalf of a client. When successful, it is possible that Franklin Debt Relief can settle their debts for less than what is owed, all with the convenience of one low program payment. The savings from our debt settlement program can potentially be tremendous versus making your minimum payments, and it is in some cases the cheapest and fastest debt relief, debt consolidation or debt help option available to South Carolina consumers.If you're overwhelmed with credit cards, medical bills, balances from a repossession, or accounts in collections, call for a free consultation: (877) 274-1260. Pertinent South Carolina Debt Relief and Debt Help Laws (This is intended to be a helpful and informational debt resource for South Carolina consumers and does not constitute legal advice. For legal advice about your situation, contact a licensed professional in South Carolina.)Debt Collection South Carolina follows the set of federal laws dealing with collection agencies (and law firms that collect debts) that are collectively known as the Fair Debt Collection Practices Act (FDCPA). For more information on the FDCPA follow this link: debt collection. - 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 Bankruptcy Courts 145 King Street Room 225 Charleston, South Carolina 29401 1100 Laurel Street Columbia SC 29201-2423 201 Magnolia Street Spartanburg, South Carolina 29306 Bankruptcy Exemptions Bankruptcy exemptions are protected assets that the bankruptcy code mandates that a debtor is entitled to keep in order to adequately get a "fresh start" after filing. Bankruptcy exemptions vary from state to state, and the following list is the property that is protected in the bankruptcy code of South Carolina. For more information, follow this link: bankruptcy exemptions. Real Estate, Auto, Personal Property -Real property, including co-op to $5000 -Motor vehicle to $1200 -Cash and other liquid assets to $1000, in lieu of burial or homestead exemption -Burial plot to $5000, in lieu of homestead -Animals, crops, appliances, books, clothing, household goods, furnishings, musical instruments to $2500 total -College investment program trust fund -Health aids -Personal injury and wrongful death recoveries if for person you depended on for support Insurance -Accident and disability benefits -Benefits accruing under life insurance policy after death of insured, where proceeds left with insurance company pursuant to agreement; benefits not exempt from action to recover necessaries if parties agree -Disability or illness benefits -Fraternal benefit society benefits -Group life insurance proceeds; cash value to $50,000 -Life insurance avails from policy for person you depended on to $4000 (unlimited if needed for support) -Proceeds and cash surrender value of life insurance payable to beneficiary other than insured's estate, and for the express benefit of insured's spouse, children, or dependents (must be purchased 2 years before filing) -Proceeds of life insurance or annuity contract -Unmatured life insurance contract, except credit insurance policy Public Benefits -Crime victims' compensation -Aid to aged, blind, disabled and other general relief -Local public assistance -Veterans' benefits -Social Security -Unemployment compensation -Workers' compensation Pensions -ERISA-qualified benefits; your share of the pension plan fund -IRAs and Roth IRAs needed for support -Firefighters, police officers -General assembly members -Judges, solicitors -Public employees Tools of Trade -Implements, books, and tools of trade to $750 Other -Alimony, child support -Property of business partnership |
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