Fair to Bad Credit Loans in AKWe Find Lenders Who Lend To Bad Credit Borrowers ![]() Home > How To Apply > Alaska Last updated April 4th 2021 Commentary is for informational purposes only. See legal disclaimers here.Trouble Getting Approved in Alaska?It's hard when your credit is bad right? We can help, and in about 10 seconds you're going to see how. Enter your zip and credit score to get started! Alaska Usury and RegulationsSummary of Alaska Usury Law(s) / Quote: "Legal: 10.5% Contract: 5.5%; any rate over $25,000 / Judgment: 10.5% / Corporate: No specific rate" (WeFindLenders.com endeavors to include the most up to date legal data for Alaska, but no guarantee or warranty of any kind is expressed or implied as to the accuracy of said data. This data is not intended to be legal advice. For legal help speak with a lawyer in Alaska, and/or contact the Alaska State government's division of banking and finance - legal statutes researched by FindLaw.com & American Lawyers Quarterly - see credits) Code § 45.45.010 (Alaska Usury Law Snippets Of Interest) The snippets of interest are from the Alaska legal codes and rules document. Read full document here on their website. Snippet 1.) Quote: § (A): "The rate of interest in the state is 10.5 percent a year and no more on money after it is due except as provided in (b) of this section". Snippet 2.) Quote: § (B) "Interest may not be charged by express agreement of the parties in a contract or loan commitment that is more than the greater of 10 percent or five percentage points above the annual rate charged member banks for advances by the 12th Federal Reserve District on the day on which the contract or loan commitment is made. A contract or loan commitment in which the principal amount exceeds $25,000.00 is exempt from the limitation of this subsection". Alaska Lenders By CityAnchorage AK / Juneau AK / Fairbanks AK / Kodiak AK / Ketchikan AK / Sitka AK / Wasilla AK / Seward AK / Kenai AK / Homer AK Complaints to: Alaska Lender Service AreasClick
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- - - - - - - - - - - - - - - Chris just moved to Anchorage Alaska in the last
three months to take a teaching job in a local school where he is
now living. He loves the weather and the outdoors life so this job
is perfect for him. Only problem Chris has at the moment is that he
does not have a snow mobile of his own. The only debt that he has is student loans which
he has been paying on for the past two years. He is renting a small
apartment here and really does not have any other debts. His landlord has told him that he can store a snow
mobile in a shed on the property for free. There is also a small workshop
he can use if he needs to make repairs. A trailer to cart it around on would also be helpful,
although a buddy has said he could borrow his. Chris has decided that
a used machine for $5k and the clothing for another $1k will have
to meet his needs at this time. Teachers are in high demand in the area and it would
highly unusual for Chris not to finish his contract. For someone on
the job only for a few months without a contract it can be more difficult
to obtain a loan. He has a few years before it will be fully repaid.
Although he did not want to purchase a trailer, one came available
for a decent price, so he increased his loan application to $6500
and it is quite likely that it will be approved. Chris is looking forward to this winter when he can
get out on his machine and enjoy the Alaskan winter. His friends have
also recommended that he purchase some survival gear in case he is
ever stranded by his machine. It is just the thing you do in Alaska.
If you live in the State of Alaska
and you're struggling with money, we hope our website helps get approved
regardless of your credit rating. Sincerely, Chris Somerset Chris
Somerset is the daughter of Lance Somerset who founded the We
Find Lenders Pool. She contributes to WeFindLenders.com whenever
she's not having fun with her three children and her husband Ron. Listed below are the
last 5 debt service loans approved in the State of Alaska. Source:
WFL
Lender Pool. Updated Weekly. Principals rounded to the nearest
$1000. Relative interest rates listed below in order left to right.
$8500 $5000 $25000 $9000 $50000
5.69% 12.36% 8.17% 12.78% 14.89%
Consolidation Providers In AlaskaClick
or tap map image above for interactive version. Debt Reduction Services Denali Federal Credit Union Money Management International Denali Federal Credit Union Northern Skies FCU Alaska USA Federal Credit Union Matanuska Valley FCU Matanuska Valley FCU Northrim Bank KeyBank Consolidation providers in the State of
Alaska presented on our site are made up of institutional banks, credit
unions and private lenders. Before approaching a lender, or opening a
dialogue regarding a loan be sure to have all your documentation in order
and ready. This saves time for all concerned. For your future personal finances please
remember to make sure you have a realistic budget in place before you
get your consolidation loan(s). If you don't have your finances in order
you may start over using credit cards again and find yourself in even
more debt going forward. A lifestyle change is usually critical to your
success and being debt free. Rick moved to Seward Alaska a few years
ago and has been enjoying the life style that Alaska has to offer. He travels home every few months to see
his family and spends a great deal on airline flights. He generally flies free to see his family
at least three times a year. But there is a down side for Rick from charging
everything to his credit cards. He is now carrying a balance on his several
cards and needs a consolidation loan. While he did save money by getting all
these points towards airline flights, he did not manage his spending very
well. He seemed to be more interested in free flights than on how much
he was actually spending. He now has to face the reality of repaying
$7000 he spent and perhaps not receive any more free flights as well. Rick’s situation is actually quite
common. With so many incentives these days from credit card companies
it is no wonder that consumers like Rick overspend and end up carrying
a balance on their credit cards with the corresponding high credit card
interest rates. His credit utilization is pretty high,
however once the loan is approved and he repays these two credit cards,
his credit utilization will actually improve. He is very concerned that he will repeat
his experience and end up owing a balance on his recently paid off credit
cards. One guideline many experts suggest is
that consumers should not charge anything to their credit card unless
they already have the cash to pay for it when the statements arrive. This will be tough for Rick, he really
wants to avoid another consolidation loan in the future. If you live in the State of Alaska and
you're trying to get approved for a debt consolidation loan, we hope our
website helps you find a good lender and a low interest rate, regardless
of your credit score. Andy Somerset Andy
Somerset is the son of Lance Somerset who founded the We
Find Lenders Pool. He writes for WeFindLenders.com whenever he's not
working hard on his degree in finance. Click
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