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. The Sooner State produces a variety of industries from food processing and agriculture to natural gas and aviation. However, the government sector provides most of the employment followed by the transportation, utilities, education, business and manufacturing industries. At the beginning of 2018, the state’s unemployment rate was 4.4 percent which is average compared to the rest of the US.
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. A sudden reduction in income, an emergency like a car breaking down or home repairs needed, can knock anyone off their financial feet. If this has happened to you, take heart.
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
- Flexible terms
- No credit impact
- Need good credit
- No reduction on principal
- Results vary
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.