Giving hope to hopeless since 2007

84% Clients satisfied
In the last 7 years

Watch 363 live reviews
Know why people trust us

100% Refund
When there is no result

We follow FTC
Since we care for you

accreditation accreditation
(800)-530-OVLG / Get help now »

Payday loan laws in Oklahoma

  • Status: Legal (Okla. Stat. Tit. 59 §§ 3101 et seq.)
For Lenders

Lending specifications:

  • Maximum loan amount: $500
  • Loan tenure: 12 - 45 days
  • Fees and finance charges: $15 for every $100 (up to $300); an additional $10 on every $100 advanced after $300
  • Finance charge on a 14-day $100 loan: $15
  • APR on 14-day $100 loan: 390%

Collection restrictions:

  • Collection fees: $25 NSF fee (if disclosed)
  • Criminal procedures: Prohibited
For Borrowers

Debt limits:

  • Maximum no. of outstanding loans at a time: Two
  • Rollovers allowed: None
  • Cooling-off phase: Second business day after the 5th consecutive loan repaid
  • Repayment plan: Available

Complaint cell:

  • Regulator: Oklahoma Department of Consumer Credit
  • Address: 3613 NW 56th Street, Suite 240, Oklahoma City, Oklahoma 73112-4512
  • Phone: (405) 521-3653
  • Fax: (405) 521-6740
  • Tollfree: (800) 448-4904 (In-state)
  • Regulatory contact: Jack R. Stone, Deputy Administrator
  • Website: http://www.ok.gov/okdocc/
  • File complaint: http://www.ok.gov/okdocc/Complaints/
    index.html



Latest Articles

Medical debt declines: Days of financial distress are now numbered

A new survey has confirmed that the number of people suffering due to costly medical bills have started to decline after almost decade since they started inflating. The inference drawn from the survey showcases the positive role played by the much-debated social welfare legislation of ...

View more »
Latest answers

Which one is the worst money threat for you ...

Which one is the worst financial threat - credit card debt, payday loan debt or student loan debt ...

View more »
Latest from blog

5 Ideas to enjoy a winter break on President’s Day weekend

President's day weekend is a great opportunity to take a long winter break with family. In honor of our founding fathers (Washington, Jefferson and Madison) you can visit some historical places with family. Here are some ideas to plan a getaway to enjoy the winter season and get some ...

View more »