How Long Does A Judgment Last In South Carolina?
In South Carolina, A creditor has 10 years to collect a debt after a judgment is filed . After that, a judgment expires and disappears. If a judgment against you is for a greater amount of money more than you have, there is really nothing a creditor can take. However, if during those ten years, you acquire a certain money or property such as real estate, this judgment can be executed by the creditor to use that money or property toward the repayment of your debt. This may involve having liens placed on property.
In reality, a judgment can affect a person for longer than 10 years. Farming Judgments is a technique used by some companies in which lawsuits are filed against large numbers of people owing debt. Some credit card companies are especially bad about this. Most people do not respond to these suits, which results in default judgments against them. Acquiring such judgments on a person in one place allows judgments to be moved from county to county and from state to state, essentially causing a judgment against you to last for decades. If you are being sued for judgment, you should discuss your options with a bankruptcy attorney.