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Credit Card Debt Consolidation Help  in South Carolina
Call Today: (877) 274-1260
If you successfully complete our program, it’s possible that you’ll enjoy these benefits:
Settle your debts for less than you owe
  (read here for full details about how much you can expect to save)
Resolve your unsecured debts in 18 to 60 months
  (read here for full details on how long our program lasts)
No Up Front Fees - Don't Pay Till You See Results!
 
 
 
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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