What is the process for collecting unpaid debts?

In Oklahoma, the process for collecting unpaid debts is similar to that of other states. The first step is to determine if the debtor is legally obligated to pay the debt. This can be done by credit or background checks or requesting a signed contract from the debtor. Once the debt is determined valid, the creditor can then start the process of collecting on it. To do so, they must first provide the debtor with a written notification of the debt. This should include the amount owed, the date it is due, and any other information relevant to the debt. Once notified, the debtor has the right to dispute the debt if they feel it is not correct or if they have a valid reason for not paying it. If the dispute is not resolved after the notification period, the creditor can take the next step which is filing a lawsuit in small claims court. This process involves paperwork, court fees, filing fees, and legal representation if needed. Once the lawsuit is filed, the debtor will be notified and will then have the opportunity to file a response to the lawsuit. If no response is filed and the creditor is successful in the lawsuit, the court can issue a judgment against debtor. This judgment will state that the debtor must pay the debt plus costs including court fees, filing fees, legal costs, and/or interest. If the judgment is not paid, the creditor then has the option to garnish the debtor’s wages and/or assets. This is the final step in the debt collection process and is typically used as the last resort.

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What is the process for collecting unpaid debts?

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