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North to the Future of Payday Loans in Alaska

AK Payday Loans are Fast and Secure

Alaska State Map
Alaska State Map

A sign of modern times and modern economic circumstances is the growth of what were once considered “fringe” financial services - services that the establishment frowned down upon as being less than reliable are now part of the mainstream. One such financial service id the cash advance or payday loan enterprise. Cash advance services are growing and expanding like wildfire for very good reason; they provide a much needed service for consumers who occasionally experience shortfalls in their personal finances. Cash advance services make short-term loans to consumers, basically drawn against future income; with a cash advance loan, a person is able to borrow money that will be repaid out of their next paycheck. For many across the nation, this has become a common way of bridging the gap financially between paychecks - when money becomes tight or unexpected surprises pop up - as they so often do. Once considered a small insignificant and industry segment, cash advances (or deferred presentments, as they are also called) have quickly become a common weapon in the average person’s financial arsenal.

One state that has seen the benefits that cash advances bring to its citizens is Alaska; like most US states, Alaska has adopted special regulations and laws for the purpose of governing the issuance of cash advances within the state so that the burgeoning industry could begin to grow within their borders. With Alaska statute 06.5 0.100 being enacted, the state became one of many to support the efforts of legitimate cash advance services who are trying to provide a valuable service to the community.

Alaska Payday Loan State Laws

Alaska State Flag
Alaska State Flag

The state law provides regulation for Alaska payday loan services, and sets strict parameters within which the companies must operate. The statute sets maximum loan amounts that may be granted to any one individual in a cash advance situation to a $500 maximum at any given time. If any lender should go beyond that limit, the legislation also sets fourth strict penalties and provisions - that can even include a company being barred from operating within the state of Alaska. The reason for the stringent regulations is so that companies operating in Alaska will keep their operations aboveboard, thus protecting the consumer, and creating a win-win situation for all concerned. Although the state has enacted the ease strict guidelines for Alaska payday loans services, it should not be misconstrued as an attempt to limit the operations of these companies, as the state has made it clear that legitimate operators are very welcome - the guidelines were in acted to separate some of the less desirable cash advance services from those that are doing a legitimate and helpful business.

Another restriction set in place by the law is that Alaska payday loans are to carry a term of no less than 14 days. With a 14 day minimum term firmly in place, any company offering cash advances in the state of Alaska, has to allow the consumer at least two weeks to repay their loan. This means that a consumer has more than enough time to reach their next pay date - from which they should be able to repay the loan. The 14 day minimum amount to a very effective method of protecting the consumer against unscrupulous lenders that would attempt to provide funding for a shorter amount of time, but at very high rates of interest and fees. When a consumer takes out Alaska payday loans, they are likely to be able to actually see two paydays before their loan is actually due; if one borrows on a cash advance on the first of the month ( with that day being a payday), then they will actually have two paydays occur leading up to their loan being due - and this does not taken into consideration the possibility that the loan may actually be for even a longer-term - like in many states that allow up to 31 days for repayment of a cash advance.

Rate and Fee Restictions on Alaska Payday Loans

Alaska payday loans
Alaska payday loans

The final, and considerably important, point that we will cover here is the government restrictions set on the finance rates and fees that a company can charge consumers for Alaska payday loans; this very important limitation is set in place to protect the consumer from escalating and recurring fees that could dramatically increase the actual amount owed by a consumer over a very short period of time. There have been many horror stories of consumers who have taken out cash advances in unregulated states, and have been subject to unannounced reoccurring fees and ever accumulating interest charges. Now that Alaska payday loans are governed by state laws, this is a fear that does not have to be shared amongst the state’s citizens. The maximum amount of interest that can be charged on Alaska payday loans is 15% (or $15 per $100 borrowed) + a five dollar finance charge. Having set the interest rates that can be charged on cash advances in the state, Alaska has made proactive moves to keep the industry thriving and keep its citizenry safe and protected. It should also be mentioned, though, that the citizen does indeed have certain requirements and responsibilities to follow for their part in the borrowing process as well; consumers have to keep in mind that although Alaska payday loans are easy to come by, and may be considered quick and easy money, these are legal and binding loan agreements. When anyone enters into a formal contract, there are responsibilities on both sides, and the consumer’s chief responsibility is to repay the cash advance on or before the date stated on their contract. Doing so will you alleviate and eliminate extraordinary fees and charges that come with any business agreement that is defaulted upon. As long as the consumer is working with a reputable Alaska payday loans service, and lives up to their end of the bargain, then there will be a transaction that works out well for all concerned; the consumer will have gotten their emergency funds in a timely fashion, the company making the loan will have made a few dollars on the loan (no doubt satisfying their shareholders) and the state will be right in the middle - monitoring lending operations and collecting corporate taxes along the way.

Get Alaska Payday Loans Online - Apply Now


Alaska payday loan providers are now providing low interest loans and payday cash loans via online applications.  Applying online consumers have the benefit of a speedy response to the loan application for many of these payday and *no credit check loans.  The Internet processes allow Alaska payday loan providers to respond with approved funds in as few as 4 hours after submission.  Low interest loans are competitive with even long term credit solutions like credit cards or traditional consumer loans.  Coupled with the payday loan repayment terms, low interest loans are a great short term financial product.  These products can put cash in a consumer’s bank account quickly for immediate use.

Variety of Loans Provided by Alaska Payday Loan Providers

Alaska payday loan providers offer a wide variety of loans available online.  Some of the Alaska payday loans online are low interest loans.  Some of the loans offered online are *no credit check loans.  Other loans offered online are the standard payday loans installment loans, 1 Hour Loans, *no credit check loans and mush more! Al loans have fairly low interest rates and once the loan is approved, the loan funds are usually deposited within 24 hours.  The consumer can then use the money as needed straight from their bank account.

What are *No Credit Check Loans

*No credit check loans, when offered by the lender, are loans that are approved without conducting a traditional credit or background check.  Often these loans are quickly processed because the Alaska payday loan providers rely on the information in the consumer’s application to render an approval.  A traditional credit or credit history check would usually take a couple of days and would slow down the processing of *no credit check loans.  Consumers can apply for Alaska payday loans online via the web form.  An approval decision will be made within minutes of submission as the applicant is dynamically connected online to the lender.  Within 24 hours of the Alaska payday loans online approval, funds are deposited into the applicant’s checking account.

Low Interest Loans are Competitive

Of the offered Alaska payday loans online, the loans with lower interest rates are popular.  The low interest cash advance loans are competitive with the higher penalty APRs consumers receive from the traditional credit card companies and bank loans.  Alaska payday loans online are paid off much faster than the traditional long term credit loans.  The speed of repayment makes the payday loan highly competitive when it comes to interest rate comparisons.  Long term loan products count on amortizing the interest paid over many years and maintaining a long term relationship with the borrower.  Their aim is to keep the consumer as a constant borrower and never have the debt paid off.  The short term payday loan market is just the opposite by lending money that can be quickly repaid.

Loan Service Options in AK

Often times we find ourselves in need of cash as fast as possible, so our Alaska 1 Hour Loan service would better suit our AK customers. Another service we offer is our Alaska Refund Anticipation Loans. A Alaska Refund Anticipation Loan would best be used by those who can't get approved for other short term loan options because they have previously or recently defaulted on a short term loan and can therefore only qualify by providing collateral when applying for loans in AK. Another reason people choose Refund Anticipation Loans is due to the low rates. However, an Refund Anticipation Loan in AK requires that you have title to an automobile that is paid off or has a significant amount of equity built up. Yet another provided loan service in Alaska is the Line of Credit. A Line of Credit in Alaska is a flexible installment loan that allows those in AK to borrow against an approved loan amount, as needed, or to re-borrow money once it has been paid back, simply by submitting a request. As you can see, Green Leaf Loan Group provides many loan services for those in AK. If any of these other available Loan Services in AK interest you then select the desired option from the Loan Services listing on the right to find out more.



Alaska Payday Loans


Alaska payday loan lenders (AK) provide fast cash advances with low interest rates from greenleafloangroup.com in Alaska
Green Leaf Loan Group - Alaska (AK) Payday Loans
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