Payday loans in Alaska

Payday loans in Alaska

There are practically no people who haven’t ever faced with financial difficulties. These emergencies usually occur unexpectedly and leave people in hopeless situation. Car breakages and illnesses together with other various emergencies are striking examples of such problems. A lot of families whose budget is small can really experience tough times when they understand that they can’t get the necessary money from anywhere. In such situations payday loans act as real helpers and citizens of Alaska can resort to the services of payday lending companies which always provide the requested sum of money to the customers coping with financial issues.

Under the legislation of the State of Alaska payday lending industry is legitimate. Statute 06.50.100 regulates the activities of payday lending companies and policy of the State concerning this point.

A payday loan is a cash advance credit which amounts a small sum of money given to the borrower for an established period of time. Usually this type of loan is to be repaid when the borrower receives his next salary. Payday loans are short-term and generally not secured. The allowed sum of payday loan should not be more than $500. To be able to apply for a loan, a borrower is required to have a permanent job or receive a certain income permanently.

Alaska legislative acts also establish the maximum amount of financial fee that a borrower is to pay to the lender. This charge commonly makes up 15% ($15 for a $100 loan). Also there is a non-refundable origination payment which should be made by a borrower in the amount of $5. So the overall financial fee equals $20, if a customer borrows a loan for $100. Consequently, the annual percentage rate is 520%. Payday loans are to be provided for at least 2 weeks. There are no limitations on the maximum time period. If a borrower doesn’t have enough money to repay the loan on the due date, he/she can extend a loan twice. A payday lender is also allowed to review the repayment plan twice and roll it over for 2 weeks. Every time a borrower has to be charged a financial fee. Everyone is allowed to apply for a payday loan and request for any sum not exceeding $500 at a time.

Today every citizen of Alaska can easily receive a payday loan. The process is very convenient and quickly and you don’t have to spend much time to complete it. The cash will be transferred to your personal account instantly and you can receive it in 24 hours. You will pay the loan back as soon as you get your paycheck.

We are happy to provide this service to our customers and can confirm that all our borrowers are satisfied with our activities. Hurry up and take a payday loan from You can conquer financial problems with our help.


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The service is not available in all states. The consumer will not be accepted if this service is prohibited in his state or there are not any lenders from our network there.

Making decision to obtain loan the consumer submits his personal information to our service and automatically gives the right to verify of driver license number, social security number or checking his credit history by using major credit bureaus such as Experian, Equifax and Trans Union.

Lender's Disclosure of Terms: The lender must disclose to the borrower any documents which contained all fees and rate information about the loan being offered, including late-payment fees and rules on the possibility to renew, rollover, refinance your loan. The site is not able to control the terms and rules which may be offered by a lender. You are urged to be aware of any agreement terms.