Payday Loans in Oklahoma

At a Glance
  • Nickname: The Sooner State
  • Population: 3,96 million
  • Capital: Oklahoma City
  • Website:

Oklahoma, nicknamed the Sooner State, is divided up into six different sections, or “countries”, each with a unique culture, landscape, feel, and population. In general, the state is a big producer of natural gas, oil, and agricultural products and a big draw for collegiate sports.

Unfortunately, of the nearly 4 million people that call Oklahoma home, about 600,000 (15.6%) live below the poverty line of $25,465 for a family of four. While the state’s unemployment rate of 3.1% (as of March 2020) is slightly lower than the national unemployment rate, many Oklahomans struggle everyday to provide for themselves and their families. In fact, the average annual income for Oklahoma residents is about $10,000 less than the national average ($51,924 vs. $61,937).

Average Credit Card Debt and Median Household Income in Oklahoma vs. the U.S.
Average Credit Card Debt (Q1 2019)
Median Household Income (2018)

Payday Loans in Oklahoma

Payday loans are short-term cash loans that are offered in exchange for the borrower writing a check dated for some time in the near future. The check, which is often dated for the borrower’s next pay period, will be made out for the total amount of the loan principal, plus the finance charge. The borrower can either pay back the loan in full by the date of the check, or the lender will cash it on that date.

According to a 2014 report from the Department of Consumer Credit in Oklahoma, there are about 324 payday lenders in Oklahoma who lend to approximately 1 in 8 Oklahoma adults. This is the highest usage rate in the U.S. (national average usage rate = 1 in 20).

Ratio of Payday Lenders to All Adults in Oklahoma vs. the U.S.
1 to 8
1 to 20
Ratio of Payday Lenders to All Adults
Payday Loan Statistics for Borrowers in Oklahoma vs. Nationally
Average Loan Amount
Average Loan Amount

Consumer Protection in Oklahoma

How to Report a Lender in Oklahoma

If you or someone you know is the victim of a predatory lender, you can and should report this to the proper authorities. By speaking up, you can help your family, neighbors, and friends stay clear of predatory lenders and bad situations in the future.

If you find yourself needing help, you can contact the Oklahoma Department of Consumer Credit:

  • Address: 3615 NW 56th Street, Suite 240, Oklahoma City, Oklahoma 73112-4512
  • Phone: (405) 521-3653
  • Fax: (405) 601-7639
  • Website

Additionally, you can reach out to the Better Business Bureau of Central Oklahoma at (405) 239-6081 or the Oklahoma Attorney General at (405) 521-3921.


Guides to Payday Loans in Oklahoma Cities

Check out these payday loan guides to the following cities in Oklahoma:

Oklahoma City | Tulsa | Norma