Debt Collection Problems

Debt Collection Laws

Oklahoma Statute of Limitations on Debt Collection

Creditors have a limited period of time in which to file suit over an unpaid debt.  Each type of debt has a specific time period in which a collection agency can continue its collection efforts against a consumer for an unpaid debt. 

In Oklahoma, debt based on written contracts have a limitation period of 5 years (O.S. § 95(1)), while oral contracts may only be collected upon for up to 3 years (O.S. § 95(2)).  Attachment, or the legal seizure of property or a person, has a statute of limitation of 5 years (O.S. § 95(5)). 

Judgments have their own statutes of limitation, depending on the type of judgment obtained against the debtor.  A domestic judgment for debt collection, rendered by a court of the state where the judgment for the debt occurred, has a limitation period of 5 years (O.S. § 95(5)).  While a foreign judgment, or any judgment of a court where the debt did not originally occur, has a limitation period of 3 years (O.S. § 95(2)).