South Dakota Collection Actions

State:
South Dakota
Control #:
SD-SKU-0091
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Description

Collection Actions

South Dakota Collection Actions are legal proceedings used by creditors to collect money owed by debtors. These actions may include lawsuits, garnishments, liens, levies, and repossessions. In a lawsuit, the creditor may obtain a judgment from the court ordering the debtor to pay the debt. If the debtor fails to pay, the creditor may then take further action to collect the debt, such as garnishing the debtor's wages or levying the debtor's bank account. Liens can be placed on the debtor's property to secure payment, and repossessions can be used to take possession of the debtor's property. All of these actions are used in order to collect unpaid debts in the state of South Dakota.

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FAQ

Debt collectors cannot harass or abuse you. They cannot swear, threaten to illegally harm you or your property, threaten you with illegal actions, or falsely threaten you with actions they do not intend to take. They also cannot make repeated calls over a short period to annoy or harass you.

If the court rules against you and orders you to pay the debt, the debt collector may be able to garnish ? or take money from ? your wages or bank account, or put a lien on property, like your home.

If you're sure the debt isn't yours, you don't need to worry about clearing it, but you can get it removed from your credit file if it's recorded there. You can raise any issues with the credit reference agencies, and tell anyone chasing for these debts to update their records.

In South Dakota, the statute of limitations is six years. If a debt collector attempts to collect a debt that is older than what is permitted under state law, you may be able to sue them.

If you doubt that you owe a debt, or that the amount owed is not accurate, your best recourse is to send a debt dispute letter to the collection agency asking that the debt be validated. ?An effective debt-dispute letter must be clear and concise,? says Daniel Chan, Chief Technology Officer for Marketplace Fairness.

One of the most rigorous rules in their favor is the 7-in-7 rule. This rule states that a creditor must not contact the person who owes them money more than seven times within a 7-day period. Also, they must not contact the individual within seven days after engaging in a phone conversation about a particular debt.

Debt collectors cannot harass or abuse you. They cannot swear, threaten to illegally harm you or your property, threaten you with illegal actions, or falsely threaten you with actions they do not intend to take. They also cannot make repeated calls over a short period to annoy or harass you.

SOUTH DAKOTA A judgment becomes a lien on real property for a period of 10 years. S.D. Codified Laws § 15-16-7. A judgment may be renewed for an additional period of ten years.

Don't give a collector any personal financial information, make a "good faith" payment, make promises to pay, or admit the debt is valid. You don't want to make it easier for the collector to get access to your money, or do anything that might revive the statute of limitations.

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South Dakota Collection Actions