Oklahoma Financial Snapshot
- Nickname: The Sooner State
- Population: 3,96 million
- Capital: Oklahoma City
- Website: www.ok.gov
Of the nearly 4 million people that call Oklahoma home, about 600,000 (nearly 16%) live below the poverty line of $25,465 for a family of four.
With an unemployment rate of 3.4%, there are Oklahomans struggling 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).
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.
Consumer Protection in Oklahoma
How to Report a Lender in Oklahoma
Borrowers who need help 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: https://www.ok.gov/okdocc/