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Payday Loans in Oklahoma

We're all aware of how difficult it's to make ends meet till your next paycheck arrives. So whether you need cash advances for a week, a month, or simply until your next payday, we are here to help you get back on track. 
If you are looking for a quick way to obtain extra money, payday loans may be of great importance to you. Take them out through our website for quick and easy processing and enjoy hassle-free borrowing practice with 

Things to Consider Before Getting a Payday Loan

Practically shopping for a payday loan may help obtain quick money to tackle financial stress. However, these loans obviously differ from other conventional credit tools, such as installment loans. Thus, having clear information on these cash loans may help you work best for you. Here are common things to consider when applying for cash loans. 

Explore All Available Options!

Before going to a payday lender, be sure you've tried all alternative money-lending choices that are less expensive and offer kinder conditions. For example, consult your bank about a personal loan, a line of credit, a cash advance on a credit card, or discuss an advance on your earnings with your company. You may even sell your old items to get some additional money to help you get by.

Not Paying May Lead to Serious Consequences

The consequences of failing to repay a payday loan within the time limit agreed upon might be serious. If your payment is returned unpaid, you will be charged additional costs by the lender and your bank. The amount you owe will only grow until it is paid off in full. They may refer your account to a collection agency, which may charge you fees. This will almost likely stress you out, especially if you need to borrow money from another source to pay it off. The debt cycle will continue to increase, so be sure you can pay it back on time.

Unreliable Lenders 

Borrowing money from online payday lenders is dangerous since they may not be licensed or regulated in your region, allowing them to set their own conditions and fees. Visit your local consumer affairs agency to find out whether the lender you're contemplating is licensed. 

How to Get a Guaranteed Payday Loan: True or False? 

Considering a payday loan as a last-ditch effort to get quick financial relief may seem like an oasis in the middle of a desert. However, everything is not as easy as the marketing policy tends to convince us. Many lenders promise a hundred percent approvals without even determining your creditworthiness. It's almost impossible as the lender needs to manage the credit risk based on your financial state and consider whether to approve or reject your application. 
Many borrowers confuse guaranteed approval with a high acceptance rate; however, they are quite different things. High approval means that you are more likely to qualify for a cash loan because of easy to comply requirements. However, at the same time, a lender needs to possess your personal information to determine whether you comply with eligibility criteria. 
It's widely known that the online lending industry is less regulated than traditional practice, thus deals with non-reputable lenders may include high risk. Therefore, we strongly encourage you not to trust far-fetched offers as you may easily get trapped in fraud and worsen your financial situation.


As a result of changes CFPB has made, from July 2020 the lenders don't have to check if the borrower is able to repay the loan. Thus, we encourage you to be careful and make sure you can afford the loan before applying.

Regulations of Payday Loans in Oklahoma
Status     Legal
Annual Percentage Rate (APR)     207% APR (17% monthly)
Minimum Loan Amount     N/A
Maximum Loan Amount     $1,500
Minimum Loan Term     60 days (2 months)
Maximum Loan Term     365 days (12 months)
Number of Rollovers Allowed     2
Finance Charges     17% interest each month nor more than 20% of the customer monthly income
Cooling-off Period     N/A

Useful Sources

Real interest rate map /PDF/ of payday loans in the United States calculated on a typical loan.

Payday loans regulation /PDF/ by state 2020.

Before starting to offer payday loans in Oklahoma, every lending company (from the 2020 year) should apply for the deferred deposit lender license which is given by the Administration of the Department of Consumer Credit , and pay $1,900 in fees for each storefront.
The Consumer Financial Protection Bureau (CFPB) makes the financial marketplace work more effectively and educates consumers to help them take more control over their financial lives. Click here to learn more.
More information about payday loans and their regulations in Oklahoma can be found on the website of the Department of Consumer Credit of Oklahoma.

[ Updated on 23-Aug-2021, 02:14 ]

We've been in the industry for more than six years.