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

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

Student loan: Is it possible to discharge via bankruptcy?

It’s quite difficult to discharge personal student loans through bankruptcy. As students are aware of the fact that credit card debts can be discharged in bankruptcy, many of them believe that it is also possible to ditch their student loan debts in bankruptcy. Yes, it’s possible but ...

View more »
Latest answers

Should we ignore the medical bills or dispute them ...

My husband has 3 accounts in collection agencies. The 2 accounts are for medical debts and the third one is for a credit card. We can pay off the credit card but not the medical bills. So, what should we do? Should we ignore the medical bills or dispute them ...

View more »
Latest from blog

Oaki's handpicked list of 11 tweets that help you fix debt ...

1. “Debt is nothing more than impatience expressed in money” You can view the entire article at - http://t.co/nh5P9KIKei Oaki says, You know what’s the best part of this tweet? It captures the central idea of the article and expresses it smartly. Impatience will ...

View more »