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The fastest, most successful way to collect an unpaid debt successfully and quickly is to work with a collection agency that knows your state’s unique collection laws. Hiring a Oklahoma collection agency — or a national agency which has experts on Oklahoma collections law on staff — can dramatically boost your chances of successfully collecting on your unpaid account.
Summit AR is a licensed, bonded and insured national debt recovery agency specializing in the unique accounts receivable issues that can plague businesses of any size. Our team includes experts on Oklahoma debt law who can tackle even the most challenging cases.
We can tackle collection cases in any corner of Oklahoma, including Oklahoma City, Tulsa, Norman, Lawton, Broken Arrow, Edmond, Midwest City, Moor, Enid, and Stillwater. Contact us today to get your case started.
Oklahoma Collection Laws Interest Rate
| Legal: | 6% |
| Judgment: | 4% over U.S. Treasury Bill Rate of previous year. (1996 = 9.55% 1997 = 9.15%) |
Oklahoma Collection Laws Statute Of Limitations
| Open Account: | 3 years |
| Written Contract: | 5 years |
| Domestic Judgment: | 5 years renewable |
| Foreign Judgment: | 3 |
Oklahoma Collection Laws Bad Check Laws (NSF) (Civil Penalty)
| Not available |
Oklahoma Collection Laws General Garnishment Exemptions
| State law: 75% of earnings exempted, more if hardship established. All federal exemptions apply |
Oklahoma Collection Laws Collection Agency Bond & Licensing Rules
| Bond: | No |
| License: | No |
| Fee: | No |
If you’re looking for a collection agency that knows Oklahoma, contact Summit AR today for fast, friendly, and effective results.
Disclaimer: While we strive to keep our state resource data accurate and up-to-date, the information contained on this page is provided without any warranty (expressed or implied), and should not be considered legal advice. We assume no liability for its use.
Convert more aged receivables into bottom-line revenue.
Our experienced collections specialists provide the best of both worlds: collection rates up to double the industry average, but with a delicate touch to protect your company’s relationships and good name. Schedule a free no-obligation consultation and learn how Summit A•R can put your balance sheets back in the black.
