How to Get Debt Relief in Oklahoma

Sarah Edwards | August 08, 2023

Sarah Edwards
Legal Expert
Sarah Edwards, BS

Sarah Harris is a professional researcher and writer specializing in legal content. An Emerson College alumna, she holds a Bachelor of Science in Communication from the prestigious Boston institution.

Edited by Hannah Locklear

Hannah Locklear
Editor at SoloSuit
Hannah Locklear, BA

Hannah Locklear is SoloSuit’s Marketing and Impact Manager. With an educational background in Linguistics, Spanish, and International Development from Brigham Young University, Hannah has also worked as a legal support specialist for several years.

Summary: If you're struggling with debt in Oklahoma, SoloSuit can help you find the relief you need.

It's easy to get into debt. It's harder to get yourself out. If you're a resident of Oklahoma, you can take advantage of laws and regulations that protect you from aggressive debt collectors. You also have access to debt relief options that can help you get your finances back on track and put you on a trajectory to repair your credit.

Oklahoma debt collection laws can protect you

First, it's important to understand the statute of limitations for debt in Oklahoma. This is the time period in which a creditor or debt collection agency can sue someone for debt. The length of time can vary depending on the type of debt you owe. Here are the limitations based on common debt types:

Statute of Limitations on Debt in Oklahoma
Debt Type Deadline in Years
Open Account 5
Written Contract 5
Oral Contract 3
Findlaw

This means that medical, credit card, auto loan, and student loan debt all have a statute of limitations of just five years. After this period expires, debt collectors are no longer legally allowed to contact you regarding your debt, nor can your original lender sue you to collect. Along with Oklahoma state laws, the federal government has rules and regulations to help protect consumers.

Know your rights under the FDCPA

Frequent phone calls from debt collectors can be a hassle, especially if they contact you on your cell or work line. Knowing your rights can also protect you from crazy debt collectors.

Debt collection agencies are regulated by the Fair Debt Collection Practices Act, which prohibits debt collectors from:

  • Calling you before 8:00 AM or after 9:00 PM
  • Calling you more than once per day
  • Continuing to pursue you after a cease-and-desist notice
  • Speaking with your friends regarding your debt
  • Declining to validate your debt

If a debt collector violates these terms, you can report them to the Federal Trade Commission (FTC) using their online platform or by calling 877-382-4357. You can also report the collector to the Consumer Financial Protection Board (CFPB) through their website or by calling 855-411-2372.

Get credit counseling

The National Foundation for Credit Counseling can point you toward other agencies that will assist you with debt collectors and help you develop better financial habits. Some of these services are available for free, though some specialized services may come at a cost.

Take advantage of Oklahoma debt relief programs

The state of Oklahoma provides debt relief and other programs to help those struggling to manage their finances. These programs include:

Not all of these programs can provide direct assistance with your debt, but they can provide valuable financial help that can get you back on your feet and allow you to set a budget that prevents you from getting further into debt.

Outside of these Oklahoma services, you might consider several other ways of handling your outstanding debt, including debt consolidation, refinancing, balance transfer credit cards, and even bankruptcy. Now, let's break each one of these method down a little bit further.

Consolidate your Oklahoma debt

With debt consolidation, you roll multiple debts together into one unified account. The advantages are simple:

  • You may qualify for a lower interest rate
  • You may extend your loan term, making it easier to make monthly payments

However, if you don't have good credit, you may have a harder time obtaining a favorable loan term or interest rate. Additionally, extending your loan term often means you'll spend more money on interest in the long run, so be sure that you're actually saving money by pursuing these options.

Consider refinancing options

Refinancing means you'll replace your existing loan with a new one. Ideally, this means you'll replace your current loan with a loan that offers a better interest rate or smaller payments.

However, like debt consolidation, your credit will play a major factor in your eligibility for the best terms. And any time you extend your loan, you risk paying more because of the increased interest.

Use a balance transfer card

Some credit card companies offer a low-interest introductory period for new users. If you have good credit, you can open a credit card account, then transfer your debt to this low-interest credit card. Make sure that you're able to pay off this credit card debt before the introductory period expires. Otherwise, you'll only compound your debt.

How to file for bankruptcy in Oklahoma

As a last resort, consider filing for bankruptcy. Chapter 13 bankruptcy allows you to keep your assets but creates a three-to-five-year plan for you to repay your debts. In Chapter 7 bankruptcy, your assets are sold to repay your debts.

For assistance in this process, the Northern District of Oklahoma and the Oklahoma Bar Association offer a list of attorneys who can help you navigate the bankruptcy process and see if you qualify.

Represent yourself

If you're facing a lawsuit, you only have 30 days (at most) to prepare your response. Create an account with SoloSuit, and we'll guide you through the process of providing a legal answer to the suit so you can take control of your fight with debt collectors.

What is SoloSuit?

SoloSuit makes it easy to fight debt collectors.

You can use SoloSuit to respond to a debt lawsuit, to send letters to collectors, and even to settle a debt.

SoloSuit's Answer service is a step-by-step web-app that asks you all the necessary questions to complete your Answer. Upon completion, we'll have an attorney review your document and we'll file it for you.

Respond with SoloSuit

"First time getting sued by a debt collector and I was searching all over YouTube and ran across SoloSuit, so I decided to buy their services with their attorney reviewed documentation which cost extra but it was well worth it! SoloSuit sent the documentation to the parties and to the court which saved me time from having to go to court and in a few weeks the case got dismissed!" – James

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If the thought of going to court stresses you out, you’re not alone. Many Americans who are sued for credit card debt utilize a Motion to Compel Arbitration to push their case out of court and into arbitration.

Below are some resources on how to use an arbitration clause to your advantage and win a debt lawsuit.

Bankruptcy

Bankruptcy is a great way to legally resolve debt, but it's usually best to consider it as a last resort. Here are some bankruptcy guides to help you decide which debt resolution option is best for you.

Check your case status

Don’t have time to go to your local courthouse to check the status of your case? We’ve created state guides on how to check the status of your case throughout the US, complete with online search tools and court directories.

Credit

Debt has a big impact on your credit. Below is a list of guides on how to repair and improve your credit, even while managing major debt, along with other credit-related resources.

Debt collection FAQs

Find answers to some of our the most commonly-asked questions about debt collection below.

Debt collection documents and templates

If you're dealing with debt, these documents and templates will help you respond, protect your rights, negotiate, and resolve your debts.

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Federal debt collection laws

Knowing your rights makes it easier to stand up for your rights. Below, we’ve compiled all our articles on federal debt collection laws that protect you from unfair practices.

Legal aid

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Medical debt

Having a health challenge is stressful, but dealing with medical debt on top of it is overwhelming. Here are some resources on how to manage medical debt.

Personal finance

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State debt collection laws

Debt collection laws vary by state, so we have compiled a guide to each state’s debt collection laws to make it easier for you to stand up for your rights—no matter where you live.

Statute of limitations on debt

Like all debt collection laws, the statute of limitations on debt varies by state. So, we wrote guides on each state’s statutes and more.

Stop collection calls

Do you keep getting calls from an unknown number, only to realize that it’s a debt collector on the other line? If you’ve been called by any of the following numbers, chances are you have collectors coming after you, and we’ll tell you how to stop them.

Wage garnishment

Forgot to respond to your debt lawsuit? The judge may have ordered a default judgment against you, and with a default judgment, debt collectors can garnish your wages. Here are our guides on how to stop wage garnishment in your state, plus other wage garnishment resources.

The Debt Hotline

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