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Credit Card Debt Consolidation Help  in Oklahoma
Call Today: (877) 274-1260
If you successfully complete our program, it’s possible that you’ll enjoy these benefits:
Settle your debts for less than you owe
  (read here for full details about how much you can expect to save)
Resolve your unsecured debts in 18 to 60 months
  (read here for full details on how long our program lasts)
No Up Front Fees - Don't Pay Till You See Results!
 
 
 
Oklahoma  Debt Relief
Debt settlement, also known as debt negotiation and debt reduction, is the process by which we negotiate and settle a debt for a reduced amount on behalf of a client. When successful, it is possible that Franklin Debt Relief can settle their debts for less than what is owed, all with the convenience of one low program payment. The savings from our debt settlement program can potentially be tremendous versus making your minimum payments, and it is in some cases the cheapest and fastest debt relief, debt consolidation or debt help option available to Oklahoma consumers.

If you're overwhelmed with credit cards, medical bills, balances from a repossession, or accounts in collections, call for a free consultation: (877) 274-1260.
 
Pertinent Oklahoma  Debt Relief and Debt Help Laws
(This is intended to be a helpful and informational debt resource for Oklahoma consumers and does not constitute legal advice. For legal advice about your situation, contact a licensed professional in Oklahoma.)

Debt Collection

Oklahoma follows the set of federal laws dealing with collection agencies (and law firms that collect debts) that are collectively known as the Fair Debt Collection Practices Act (FDCPA). For more information on the FDCPA follow this link: debt collection.

-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.

Oklahoma Debt Law

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

Bankruptcy Courts

215 Dean A McGee Ave.
6th Floor
Oklahoma City, OK 73102
224 South Boulder Avenue
Tulsa, Oklahoma 74103
West 4th Street
Okmulgee, OK 74447

Bankruptcy Exemptions

Bankruptcy exemptions are protected assets that the bankruptcy code mandates that a debtor is entitled to keep in order to adequately get a "fresh start" after filing. Bankruptcy exemptions vary from state to state, and the following list is the property that is protected in the bankruptcy code of Oklahoma. For more information, follow this link: bankruptcy exemptions.

Real Estate, Auto, Personal Property

-Unlimited protection for real property or manufactured home (property cannot exceed 1 acre in city, village, or town; 160 acres elsewhere; $5000 limit if more than 25% of total sq. ft. area used for business purposes; okay to rent homestead as long as residence is acquired)
-Motor vehicle to $3000
-Books, portraits, and pictures
-Burial plots
-Clothing to $4000
-College savings plan interest
-Deposits in an IDA (Individual Development Account)
-Federal earned income tax credit
-Food and seed for growing to last 1 year
-Health aids (professionally prescribed)
-Household and kitchen furniture
-Livestock for personal or family use, 5 dairy cows and calves under 6 month; 100 chickens, 20 sheep, 10 hogs, 2 horses, bridles, and saddles, forage, and feed to last 1 year
-Personal injury and wrongful death recoveries to $50,000
-Prepaid funeral benefits
-War bond payroll savings account
-1 gun

Insurance

-Annuity benefits and cash value
-Assessment or mutual benefits
-Fraternal benefit society benefits
-Funeral benefits prepaid and placed in trust
-Group life policy or proceeds
-Life, health, accident, and mutual benefit insurance proceeds and cash value if clause prohibits proceeds from being used to pay beneficiary's creditors
-Limited stock insurance benefits

Public Benefits

-Crime victims' compensation
-Public assistance
-Social Security
-Unemployment compensation
-Workers' compensation

Pensions

-County employees
-Disabled veterans
-ERISA-qualified benefits
-IRAs, Roth IRAs, Keoghs
-Firefighters, police officers
-Judges
-Law enforcement employees
-Public employees
-Tax-exempt benefits
-Teachers
Tools of Trade

-Implements needed to farm homestead, tools, books, and apparatus to $5000 total

Other

-Alimony, child support
-Beneficiary's interest in a statutory support trust
-Liquor license
-Property of a business partnership
 
 
 
 
 

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