If you are being harassed by a debt collector, please fill out the form below for an attorney consultation.
Are debt collectors:
- Calling you or others continually?
- Harassing, threatening, or lying?
- Being otherwise unfair or abusive?
You could be entitled to money for the damages you've suffered if your debt collector is violating fair debt collection laws. YOU HAVE RIGHTS, don't be intimidated!
Oklahoma Fair Debt Collection Practices Act
The Oklahoma Fair Debt Collection Practices Act, together with other Oklahoma's consumer protection laws and the Federal Fair Debt Collection Practices Act, can help stop harassing phone calls and letters from debt collectors and creditors. These laws can also help stop creditors and debt collectors from contacting your employer, neighbors and family regarding your debt and, in some instances, even provide monetary damages to consumers who have been victimized by unfair debt collection procedures in the state of Oklahoma.
If your consumer rights have been violated by illegal or abusive tactics, contact a Fair Debt Lawyer today for a free case consultation. Owing a debt does not give a debt collector the right to treat you unfairly.
OKLAHOMA DEBT COLLECTOR REGULATION STATUTE
Oklahoma Fair Debt Collection Practices Act OK ST §14A-5-107. Extortionate extensions of credit.
(1) If it is the understanding of the creditor and the debtor at the time an extension of credit is made that delay in making repayment or failure to make repayment could result in the use of violence or other criminal means to cause harm to the person, reputation, or property of any person, the repayment of the extension of credit is unenforceable through civil judicial processes against the debtor.
(2) If it is shown that an extension of credit was made at an annual rate exceeding forty five percent (45%) calculated according to the actuarial method and that the creditor then had a reputation for the use or threat of use of violence or other criminal means to cause harm to the person, reputation, or property of any person to collect extensions of credit or to punish the non-repayment thereof, there is prima facie evidence that the extension of credit was unenforceable under subsection (1), unless such rate was otherwise lawful under any provision or provisions of this act.
Added by Laws 1969, c. 352, § 5-107, eff. July 1, 1969.