What is the purpose of debt collection law?

The purpose of debt collection law is to ensure that creditors (those to whom a debt is owed) can receive payment to which they are legally entitled. In the state of South Carolina, debt collection law protects creditors by allowing them to attempt to collect a debt through various methods, such as filing a lawsuit, obtaining a court order, or taking other legal action. These laws also ensure the rights of debtors (those who owe a debt) in South Carolina, by prohibiting creditors from engaging in unfair or deceptive practices, such as calling multiple times a day, calling before 8:00 a.m. or after 9:00 p.m., or using threatening language to collect debt. In South Carolina, debt collection law also provides debtors with a process for resolving claims of unfair debt collection practices. This process requires debtors to submit a complaint to the South Carolina Office of Consumer Affairs, who can investigate the complaint and take appropriate action if the creditor is found to be in violation of the debt collection laws. In summary, debt collection law exists to both protect creditors and ensure the rights of debtors in South Carolina so that debts can be paid in an orderly fashion without any unfair or illegal practices.

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What is the purpose of debt collection law?

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