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Alaska Lenders > Fairbanks

This page was last updated November 2018

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Fair Credit Lenders in Fairbanks AK

Lenders: contact us for listing removal.

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MAC Federal Credit Union
541 10th Ave Fairbanks
AK 99701 - www.macfcu.org
907.456.1253

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Spirit of Alaska FCU
1417 Gillam Way, Fairbanks
AK 99701 - 907.459.5900
www.spiritofak.com

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Denali Federal Credit Union
322 Old Steese Hwy, Fairbanks
AK 99701 - www.denalifcu.org
907.257.7200

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Credit Union 1
909 1st Ave, Fairbanks
AK 99701 - www.cu1.org
800.478.2222

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Alaska USA Federal Credit Union
1292 Sadler Way, Fairbanks
AK 99701 - www.alaskausa.org
907.452.8123

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Mt. McKinley Bank
500 4th Ave, Fairbanks
AK 99701 - 907.452.1751
www.mtmckinleybank.com

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First National Bank Alaska
430 Merhar Ave, Fairbanks
AK 99701 - fnbalaska.com
907.450.7300

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Denali State Bank
119 N Cushman St, Fairbanks
AK 99701 - 907.456.1400
www.denalistatebank.com

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Wells Fargo Bank
794 University Ave, Fairbanks
AK 99709 - www.wellsfargo.com
907.474.4100

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Bad Credit Loans in Fairbanks AK

Fast Loan Pre-App Method
Accessing Bad Credit Lender Pool (?)

Learn about GAP (Gift Angel Program)

 

Fairbanks AK Lender Area Map

Fairbanks Bad Credit Lenders Map - Initial Static Image

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Fairbanks AK Loan App Volume

Top 5 Fairbanks neighborhood loan app volume

  1. Hamilton Acres
  2. South Fairbanks
  3. Bjerrmark
  4. Downtown Fairbanks
  5. Slaterville
Lend Lease Memorial Fairbanks Alaska
Lend Lease Memorial in Fairbanks Alaska: Image Licensing

Fairbanks Bad Credit Loan Example

Michelle and her husband Dan live in the Bjerrmark and actually both grew up in the Fort Wainwright area. Anyway, Dan has a serious medical condition that's costing their household over $1700 a month.

$1700 is way too much for them to handle and it's caused them to use up all their allowed home equity line of credit, and their credit cards. Dan's employer benefits program is inadequate for the healthcare portion so they haven't been helping their family with all of his medications.

Michelle has been working as many hours as she can and her company knows what she's up against with Dan's illness so they've been giving her as many overtime hours as possible, while still being fair to her co-workers.

But with all this help, their still slowly drowning in debt. Michelle was applying locally in Fairbanks with banks and credit unions for principal of $70,000.

She wanted to get a loan for $70,000 with an interest rate of 7% over a 10 year term;

• Loan Amount (principal) = $70000
• Interest Rate = 7%
• Term Length = 10 year
• Monthly Payment = $812.76
• Total Paid Back = $97531.12
• Total Interest = $27531.12

Basically this is a consolidation loan because $70K will clear off all of their prior bills and give them a small buffer of $20,000 which would give them time to come up with a longer term solution.

After using the WFL lender pool system this is the best deal she was offered which she accepted;

This is what that calculated out to for APR;

• Loan Amount (principal) = $50000
• Interest Rate = 9.12%
• Term Length = 5 year
• Monthly Payment = $1040.83
• Total Paid Back = $62449.93
• Total Interest = $12449.93

See how even with an interest rate coming in at 2.12% higher than what she wanted, their total interest paid out ended up being less than half of what she was asking for.

If you're living in Fairbanks and need a loan regardless of your credit rating, we may be able to help you find a willing lender.

Sincerely,

Andy Somerset

Andy Somerset is a writer for the WFL Project.

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Upgrades Nearest Fairbanks AK

Job/Income Upgrades: Indeed / Monster

Education Upgrades: College / University

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Fairbanks Credit Counseling

Fairbanks Credit Counsellors Map - Initial Static Image

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Counselors contact us for listing removal or info change.

Credit Repair Fairbanks
238 Glacier Ave Fairbanks
AK 99701 - 877.921.2126
www.allstatescreditrepair.com

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Consumer Credit Counseling Services
250 N Cushman Street #4B, Fairbanks
Alaska 99701

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Federal Resources

FTC Budget PDF / USA.GOV Debt Info

Fairbanks Assistance Programs

Food Bank: Fairbanks Community Food Bank / Address: 725 26th Ave #101, Fairbanks, AK 99701 / Phone: 907.457.4273

Hot Meals: Bread Line Alaska Non-Profit Kitchen / 507 Gaffney Rd, Fairbanks, Alaska 99701 / Office: 907.452.1974 Cafe: 907.456.8317 Mailing Address: PO Box 73715, Fairbanks, Alaska 99707

Shelter In Case of Eviction: Fairbanks Rescue Mission / 723 27th Ave, Fairbanks, AK 99701 / Phone: 907.452.5343

Social Assistance: Food stamp program, Medicaid, Emergency Heating, Head Start for children, and more

Healthcare Assistance: Interior Community Health Center / 1606 23rd Ave Fairbanks, AK 99701 / Phone: 907.455.4567 or 1.866.455.4567

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Usury Law Governing Fairbanks AK

Summary of Alaska Usury Law(s) / Legal: 10.5% Contract: 5.5%; any rate over $25,000 / Judgment: 10.5% / Corporate: No specific rate (read more on Alaska lending laws)

Complaint process for Fairbanks residents:

Alaska Department of Commerce / Division of Banking and Securities / Mailing address:
P.O. Box 110807, Juneau, AK 99811-0807 / Physical Address: 333 Willoughby AVE, 9th Floor, State Office Building, Juneau, AK 99801 / Phone: (907) 465-2521, Toll-Free: (888) 925-2521, Fax: (907) 465-1230 / Email: dbsc@alaska.gov / Alaska State Department of Commerce / Online Complaint Form For Print Off

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WFL Loan Solutions

Fairbanks residents struggling with bad credit can learn about our bad credit loan solutions, or if their credit is borderline they can learn about fair credit loan solutions. If you're deep in debt you can learn about our debt consolidation loans and solutions.

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