The Best Oklahoma Debt Consolidation Companies of 2020

If you’re one of the many Oklahomans struggling with payday, medical, auto, student or other types of debt, you’re not alone. Though The Sooner State has a rapidly growing economy with 3.9% GDP growth, and a low unemployment rate of 3.1% (#7 lowest in the US), many Oklahoma residents have been left behind. In fact, 16.90% of residents live in poverty, and many have trouble with debt

The average Oklahoman has $2,138 in personal debt, plus $134,244 of mortgage debt per capita. On average, residents have an open credit card balance of $5,843 and 49% of residents have a student loan, the average amount of which is $25,952 . Each year approximately 9,259 Oklahomans declare bankruptcy. Fortunately, there are plenty of Oklahoma debt consolidation options to get you to where you need to be financially.

So whether you live in Oklahoma City, Tulsa, Edmond, or somewhere in-between, take charge of your financial situation and consider consolidating your debt load.

The Best Debt Consolidation Companies in Oklahoma (updated 2020)

Finding a legit debt consolidation firm can be tough. We’ve done the research and picked the [n] best debt consolidation firms in the state of Oklahoma. Our criteria includes online reputation, breadth of services offered, and demonstration of expertise. All have at least an A rating with the Better Business Bureau.

Turning Point Credit & Debt Solutions

8100 N. Hwy 81 Suite 10
Duncan, OK, 73533
(580) 470-9686
http://www.tpscredit.com

Rating: 8.38/10

TRW Credit information Services

5100 East Skelly #565
Tulsa OK, OK, 74135
(918) 622-4544

Rating: 8.48/10

Money Management International, Inc.

7633 E 63rd Place Ste. 300
Tulsa, OK, 74133
(800) 308-2227
http://www.moneymanagement.org

Rating: 8.58/10

Midwest Credit Solutions

6218 S Lewis Ave STE 112C
Tulsa, OK, 74136-1030
(918) 747-2300

Rating: 8.69/10

Merchants & Professionals Collection Service

PO Box 470746
Tulsa, OK, 74147-0746
(918) 663-8150

Rating: 8.79/10

Integrated Credit Services – Yukon

10616 N. W. 40th Terr
Yukon, OK, 73099
(405) 793-2499

Rating: 8.9/10

Integrated Credit Services – Oklahoma City

2116 S.W. 71st St.
Oklahoma City, OK, 73159
(405) 350-7711

Rating: 9.01/10

Integrated Credit Services

229 N Serivice Road, Ste. 1
Moore, OK, 73160-4949
(405) 350-7711

Rating: 9.12/10

InstaChek

2202 Westpark Drive Suite A
Norman, OK, 73069
(405) 321-5427

Rating: 9.23/10

FicoStar Credit Repair Services LLC

3824 N. Meridian Suite 108
Oklahoma City, OK, 73112
(844) 699-0911
http://www.ficostarcreditrepair.com

Rating: 9.34/10

Debt Relief A La Carte, Inc.

601 S Boulder Ave STE 600
Tulsa, OK, 74119-1306
(918) 519-5090
http://www.avoidbk.com

Rating: 9.45/10

Debt Reduction Services

4111 S Darlington Ave Ste 610
Tulsa, OK, 74135-6348
(208) 378-0200
http://www.debtreductionservices.org

Rating: 9.57/10

Credit Union One of Oklahoma

3330 N Lincoln Blvd.
Oklahoma City, OK, 73105
(405) 557-0167
http://www.creditunionone.org

Rating: 9.68/10

747 Credit Repair Company, LLC

8516 E 101st St
Tulsa, OK, 74133-7032
(918) 394-4747
http://www.747credit.com

Rating: 9.8/10

Oklahoma Debt Statistics

Total Debt$8,457,322
Debt Per Capita$2,138
Debt Per Capita Rank37

Source: World Population Review

Oklahoma Credit Card Debt Statistics

Average Credit Card Balance678
Average Credit Score$5,843
Avg Credit Card Balance Rank (1 = Highest Balance)37
Avg Credit Score Rank (1=Highest Score)28

Source: Experian

Mortgage Debt in Oklahoma

Mortgage Debt Per Capita$134,244
Avg 30 yr Mortgage Rate4.00%
Avg 15 yr Mortgage Rate3.55%
Median Home Value$125,400
Avg Outstanding Mortgage Debt$134,811
Difference Between Value and Mortgage Debt($9,411)
Avg Homeowner FICO Score682

Source: Federal Reserve, Value Penguin, Experian

Payday Loan Debt in Oklahoma

Payday Loan Legal StatusLegal
Max Payday Loan Amount500
Max Payday Loan Term45 days
Max Payday Loan APR395%

Source: Oklahoma Government Website

Unemployment and the Economy of Oklahoma

Poverty Rate – Population16.90%
Poverty Rate – Population – Rank16
Poverty Rate – Family12.60%
Poverty Rate – Family – Rank15
Unemployment Rate (March 2020)3.1
Unemployment Rank7
GDP Growth3.9
GDP Growth Rank4

Source: US Census, Bureau of Labor Statistics

Student Loan Debt in Oklahoma

Percent of Population with Student Loans49%
Average Student Loan debt$25,952
Average Debt of New Graduates (2017-18)$25,221
Average Debt Ranknan
Percent of Graduates with Debt (2017-18)47%
Percent with Debt Ranknan
Usable Institutions (BA-Granting)13
Percent of Graduates at Schools with Usable Data71%
Nonfederal debt of graduates, as percent of total debt16%
Fall enrollment – Undergraduate total (IPEDS)201,291
Tuition and Fees (in-district/in-state)$9,793
Total Cost of Attendance (on-campus)$24,542
Percent of Institutional Grants that are Need-Based45%

Source: Value Penguin, TICAS

Cost of Living in Oklahoma

Annual Mean Wage (All Occupations)$44,220
Median Monthly Rent$950
Value of a Dollar$1.12
Cost of Living87.0
Cost of Living Rank3
Grocery Cost Index95.4
Housing Cost Index71.9
Utilities Cost Index94.1
Transportation Cost Index89.5
Miscellaneous Cost Index93.2

Source: World Population Review