While many people in South Carolina struggle with credit card debt, some may not know that the federal government regulates debt collection practices. In fact, many of the intrusive behaviors that many people associate with debt collectors are actually prohibited by law.
The amount of time allowed for collection activity and filing lawsuits related to credit card debt is limited in the state. There are a few interpretation rules to bear in mind when it comes to credit card debt and the statute of limitations. On a case-by-case basis, judges have the last word on the decisions regarding how to interpret the state laws. They also have the option of determining what state from which the laws will be followed. It could be either the state where the card issuer is located or the state where the consumer lives.