Oklahoma and Debt Consolidation ProgramsAugust 16, 2022
Oklahoma has been rated one of the most business friendly states in the country. Six Fortune 1000 and four Fortune 500 companies have headquarters there.
While there are many employment opportunities to be found within the state’s various industries, many residents still find themselves with large amounts of debt.
Based on Freedom Debt Relief’s June 2022 Credit Card Utilization Data, the average credit card utilization of people looking for debt relief in Oklahoma is 73%. By comparison, per Experian, the average credit card utilization in the US in 2021 was 25%. High credit card utilization, in general, implies a greater likelihood of needing debt relief services.
The great news is that there are programs available to help you deal with your situation. For more information on how to resolve your debt, download the debt management guide from Freedom Debt Relief or speak with one of our Certified Debt Consultants at 800-910-0065 for a free evaluation.
Request a free debt evaluation to find out how we could help you:
- Resolve your debt faster
- Significantly reduce what you owe
- Make one low monthly program payment
Get in touch with Freedom Debt Relief now. Call 800-910-0065 for a free, no-obligation debt consultation.
A counselor reviews your financial situation, sets up lower interest rates with your creditors if possible, and creates a debt management plan for you to follow.
One monthly payment
Lower rates and fees
No collection calls
Lenders may view you as credit risk
Principal debt not reduced
Credit card accounts closed
You take out one loan to pay off all your debt. This loan can have a lower interest rate than what you owe on your cards. You make fixed monthly payments until the loan is paid off.
One predictable monthly payment
No credit impact
Need good credit
No reduction on principal
For this, you work with a mortgage lender. You refinance your mortgage, taking out additional cash beyond the mortgage balance. You use that money to pay your debts.
High interest debts paid off
Reduced monthly payments
Tax-deductible interest payments
Need to own a home
Increased foreclosure risk
Adds to mortgage debt
Working with a company like Freedom Debt Relief, you make monthly deposits into an account. The company negotiates with your creditors to accept less than you owe. That amount is then paid to creditors until the debt is resolved.
Significant savings over making minimum payments
One low monthly program deposit
Faster than making minimum payments
Debt collection calls
Legal risk, impact to credit
Results can vary
Choosing the Right Solution
If you need help figuring out which strategy is best for you, reach out to Freedom Debt Relief or call 800-910-0065 . Our Certified Debt Consultants can help you find the best way forward. Look for your debt solution today, including debt consolidation. Debt relief programs are currently available to Oklahoma residents. Start your journey toward financial freedom today.