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Oklahoma

Anyone who ever saw the film or musical Oklahoma knows that:

“You’re doin’ fine, Oklahoma!
Oklahoma O.K.!”

Oklahoma is also definitely okay when it comes to its credit card debt of $4854 per borrower. This makes it much lower than the US average of $5235 per borrower. Oklahomans have an average credit score of 710, which putsthem in the “very good to excellent” range. And its unemployment is also okay at 5.4%.

The state’s first capital was in the town of Guthrie but was later moved to Oklahoma City. If you’ve ever wondered why Oklahomans are called “Sooners,” here’s the story. The state was originally an Indian territory. It was open to settlers in a “land rush” in 1889. Prospective settlers were allowed to enter the territory on a given date to claim plots of land by grabbing stakes that marked each plot. A few of the settlers entered the land before the official start of the land run. These cheaters were called “Sooners.”

While you may think of Oklahoma as being a very flat state, it actually has four mountain ranges including the Ouachitas, Arbuckles, Wichitas and the Kiamichis. Oklahoma City is unique in that it is America’s only state capital with an operating oil well on its grounds. The well’s name is Capital Site Number 1.

Garth Brooks was born in Tulsa, Oklahoma. Other famous Oklahomans include actor James Garner, humorist Will Rogers, baseball star Mickey Mantle, New York Senator Daniel Patrick Moynihan and singer Reba McEntire

Oklahoma’s population is 3,751,351 making it our 28th most populous state. It is 69,898 square miles in size and has a home ownership rate of 70.2%. The median household income of Oklahomans is $41,664 or about $10,000 less than the national median household income of $51,017.

The state’s total labor force numbers 1,529,900. Of this, 259,810 Oklahomans are employed in Office and Administrative Support Occupations, making this Oklahoma’s largest labor segment. Second is Sales and Related Occupations with 159,830 workers followed by Food Preparation and Serving Related Occupations with its 135,210 employees.

Oklahoma’s largest city is Oklahoma City with a population of 579,999. Tulsa has a population of 391,996 making it the state’s second largest city. And Norman is third with its population of 110,925.

The state’s overall unemployment rate is just 5.4%. Oklahoma City does even better with an unemployment rate of just 4.7% and Norman is the leader at 3.9%. The unemployment rate for Tulsa is slightly higher at 4.9%.

Debt Help & Debt Negotiation Programs in Oklahoma

Oklahoma Debt Negotiation Laws and Options

Our debt relief services are available in Oklahoma! There is help for those struggling with unsecured debts. Our debt consultants are always ready to speak with you and give you a free consultation – you can call now:

(888) 703-4948

One of the services we provide is debt negotiation. Debt negotiation is a great program for reducing your debts with your creditors into one low monthly program payment. This method is amazing for people who are experiencing the financial hit from the economy. Ideal participants in such programs are those who are seeing less income, have medical issues or are simply overwhelmed by debt.

However, you may not have to even apply for debt settlement if the statute of limitations is up in your state and the debt no longer appears on your credit report. Legally, credit companies must recover the debt in a period of time specified by the state or the debt is no longer recoverable after this time period. Read on to find out if the statute of limitations is up for you.

Debt Collection

(This is intended to be a helpful and informational debt resource for Oklahoma consumers and does not constitute legal advice.)

Oklahoma follows the set of laws that are collectively known as the Fair Debt Collection Practices Act (FDCPA).

  • 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.

Maximum Interest Rate a Collection Agency Can Charge in Oklahoma: 6%

Oklahoma Wage Protection: 75% of wages.

Statute of Limitations

A statute of limitations is a law that sets forth the maximum period of time, after certain events, that legal proceedings based on those events may be initiated. For debt, the statutes of limitation apply to the maximum period of time after a consumer has become delinquent on their payments. The key point to remember is that you are considered delinquent not from the date of your last payment, but rather the day after you have gone past due. In other words, if you made your last payment on 3/3/03 and your next payment was due the same day of the next month, the statute of limitations on the debt would not start running until 4/4/04. The statutes of limitations vary from state to state and depend on the type of debt and where the original transaction took place (i.e. if you took the loan out in California but currently live in Oklahoma, the applicable statutes of limitations would be California’s).

Oral Agreements: 3 years
Written Contracts: 5 years
Promissory Notes: 5 years
Open Accounts (credit cards): 3 years

get debt relief helpWhether you have unsecured credit cards, medical bills, personal loans or collection accounts, there’s help for you. The National Debt Relief Group offers a free consultation. You can fill out our Short Application and one of our debt specialists will contact you within minutes, or you can call now – (888) 703-4948.

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