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Oklahoma Invoice Guard™s Statute of Limitations

Below you will find important information on Oklahoma state debt recovery laws including: Oklahoma Statutes, Judgments, Garnishments, Interest Rates, and Bad Check Laws.

STATE: OKLAHOMA

Interest Rate

  • Legal: 6%
  • Judgment: 10.25% for 2007 (Rate changes on January 1st of each year and is two percentage points above the prime interest rate quoted in the Wall Street Jornal on the first business day of the year).

STATUTE OF LIMITATIONS (IN YEARS)

  • Sale of Goods Governed by UCC: 5
  • Open Account: 3
  • Written Contract: 5
  • Domestic Judgment: 5 renewable
  • Foreign Judgment: 5 renewable

BAD CHECK LAWS (CIVIL PENALTY)

N/A

GENERAL GARNISHMENT EXEMPTIONS

State law: 75% of earnings exempted, more if hardship established. All federal exemptions apply.

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Testimonials

"As a small businessman, I need all my money just to make ends meet. Using Invoice Guard™ has saved me money. As soon as I turned the account over to them, they called my Debtor and he brought a check right over to me."   Read More "Our company thinks your program is fantastic. As a contractor, we always have issues with our payables. You guys are the best! It’s nice to find a product that really is a great value."
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