Alaska (AK) Debt Relief | Magical Solutions To Your Financial Problems With CuraDebt

We’ve all been there. When you wake up in the middle of the night, anxious, stressed wondering how you are going to get yourself out of this financial mess. If your debt is affecting your daily life, we empathize with you and understand what you are going through. 

When one’s debt and finances become an issue, it can be extremely overwhelming. However, the issues don’t end and over time your woes become worse. We call this the ‘set and forget’ mindset; better known as debt fatigue.

Do you live in Alaska and want to figure out what the best debt relief option is for you? Then, CuraDebt is just what you need.

CuraDebt is the premier and most trusted debt consolidation company, guiding individuals in fixing their debt issues. With over 20 years of experience, CuraDebt might be the perfect solution to resolve your debt issues!

Founded in 1998, CuraDebt has helped thousands of individuals overcome their financial issues and debt fatigue by delivering the best advice and solutions to debt issues. 

Get yourself a helping hand with a CuraDebt professional who has debt expertise. Learn more about how we can help you here.

Did You Know The Northern Lights can be seen from Alaska?

  • Get your free savings estimate at CuraDebt or gives us a call at 1-877-850-3328.
  • Review the different options for debt relief at CuraDebt, to maximize your saving.
  • Unable to speak with a counselor? Check out our free online analysis here.

Alaska Debt Statistics

Are you living in Alaska and looking to diminish or eliminate your debt entirely? You are not alone. 

Alaska ranks at the top among all the states in credit card debt with an average of $8,026. For reference, the national American average credit card debt is $6,194.

Making this worse, Alaska is ranked 4th in the U.S. with the highest unemployment rate. So, anybody who was doing perfectly fine with loan repayments can suffer from high debt upon being struck by unemployment challenges.

Astonishingly, Alaska also has the lowest bankruptcy rate in the nation. While having a low bankruptcy rate might indicate financial success, it’s head-scratching this is in the state with the highest credit card debt! If anything, these data points should be moving in tandem. Perhaps, there’s simply not enough trustworthy companies reaching out to those who need it?

No matter if you suffer from unemployment, marital issues, or any other hardships, debt issues can take over your well-being

If you are suffering from debt and seeking out a solution, consider working with CuraDebt

Forget your debt issues, make your whole Debt Relief journey a lot smoother, and take control of your financial situation. Speak with a professional team who can start to help you immediately!

Alaska Consumer Protection Laws

Alaska citizens are safeguarded from unfair debt collection practices and harassment by lenders. The Fair Debt Collection Practices Act (FDCPA) was created by the federal government as the primary consumer protection law. It shields individuals from unethical debt-collection practices including when debt collectors can contact you and how many times a day they can contact you, The FDCPA is conscious of consumer safety and protects individuals from being harassed and deceived. It ensures that no consumer is getting ripped off their basic rights by debt collection companies

The FDCPA is relevant to debt collectors who are pursuing claims on behalf of creditors. It does not apply to creditors who are seeking debt collection.

If you are tired of disturbing phone calls, speak with a counselor at CuraDebt. CuraDebt ensures you get your rights and will be your advocate and guide to help you defend against illegal debt collection tactics.

Options For You In Alaskan Debt Concerns

What Is Debt Settlement and How Does It Work? 

Debt settlement, also known as debt negotiation, is a way to negotiate with your creditors to pay less than the full amount that you owe in debt. With a Debt Settlement Program, you can reduce late charges, interest rates, and other costs. 

If you are unable to pay the full amount due to any issue, the professional expertise of CuraDebt can help to reduce some burden.

CuraDebt will use its decades of background and expertise to help you get the best possible debt terms. As soon as you get a personalized settlement letter, you can become assured that getting debt-free in just a matter of a few years.

Benefits Of Debt Settlement

Some of the benefits of debt settlement are:

  • Bankruptcy alternative
  • Relief from devastating debts 
  • Pay off your debt in a timely manner 

Factors Affecting Debt Settlement

After debt settlement, the total savings depend on a variety of circumstances, including

  • Types of debt
  • Debt and financial history
  • Credit score
  • Recent changes in income, marital status, or hardship
  • Background and knowledge of the debt settlement organization

Debt Which Are Included in Alaska Debt Settlement Program

  • Credit cards
  • Car repossession (repo)
  • Credit unions
  • Department store cards
  • Old accounts in the collection
  • Personal loans
  • Personal lines of credit
  • Private student loans
  • Signature loans
  • Medical bills
  • Any type of unsecured debt

Debt Which Are Not Included In Debt Settlement Program

  • Car loans
  • Credit Union debts
  • Federal student loans
  • Home mortgages
  • Some other secured debts
  • Some Medical / Hospital bills

Debt Which Are Included In Tax Debt Relief In Alaska

CuraDebt will help you in directing you in the right path if you are dealing with tax debt. CuraDebt can assist you with these types of tax payments:

  • State Taxes
  • Federal Taxes
  • Payable Taxes
  • Taxes from the spouse you feel you don’t owe
  • Interest
  • Penalties
  • Audit Tax Assessment
  • Other Types of Tax Debts

Business Debt Relief Program In Alaska

CuraDebt is completely aware of the value of your business. CuraDebt will help your business with these types of debt:

  • Business Debt
  • Suppliers
  • Vendors
  • Lines of Credits
  • Merchant Cash Advance
  • Other types of loans, that are unsecured

Top Cities in Alaska Where You Can Find Debt Settlement

  • Seward, AK 
  • Fairbanks, AK 
  • Juneau, AK 
  • Sitka, AK 
  • Anchorage, AK
  • Homer, AK
  • Ketchikan, AK 
  • Valdez, AK 
  • Girdwood, AK 
  • Kenai, AK 
  • Kodiak, AK
  • Gustavus, AK

In addition to the above-mentioned cities, we serve all cities and towns in Alaska.

What Are The Different Options You Have For Debt Relief In Alaska?

Before filing for bankruptcy, look into some of the other relief options that are available to you. Some options include:

  1. Make Regular Minimum Payments 

This is the simplest, and cheapest (in the short-term) option, but comes with obvious long-term consequences.

The most frequent problems with making minimum payments are:

  • Your debt will start to grow exponentially. 
  • Your credit score will decline.  

Very quickly, your few months of minimum payments have ballooned. Additionally, it will take you many years to get debt free which is not an ideal situation. 

In short, having this option seems like a good choice but it will make your life much more difficult. If there’s one recommendation we have, it’s to avoid monthly minimums as often as you can.

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  1. Balance Transfer of Payments

This is simple on paper: transfer a balance from one credit card to another credit card.

However, with time your interest rate on your new credit card will go up, so you will end up back in the same mess as before. Also, keep in mind one hardship and one late payment will be enough to spike rates worse than before. 

Finally, transferring a balance to a new credit card can potentially be seen as fraud to the credit card company if you are not consistent with payments. Over time, credit card investigators will review your account and again, this won’t help your situation. In short, balance transfers may not be a great option.

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  1. Alaska Credit Counseling / Debt Management Programs (DMP)

Credit counseling offers DMPs for people who are struggling with high-interest unsecured loans, like credit cards, where you don’t have to take out a bank loan. These agencies are run by non-profit organizations. 

With a DMP, you will be able to lower your monthly payments and interest rates. The creditor reduces your interest rate in exchange for a monthly payment. When paying through DMPs, your debts will be consolidated into one payment which will simplify your financial obligations. DMPs aren’t for everybody, so make sure you do your research and understand what they offer and their cons may be.

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  1. Unsecured Debt Consolidation Loans in Alaska

Some examples of unsecured loans are credit cards, department store card loans, and student loans. Simply, they are loans not backed by collateral. So for example, if you default on a loan payment, there is nothing that they can physically take from you.

Juggling multiple unsecured loans and having to remember to pay each one can make it very hard and confusing. You will be paying at least one bill every week to meet the multiple debt payments you owe.

So, is paying multiple debts ideal for you? Definitely not. Thankfully, there is a way that enables you to pay only one single payment every month.

Now think about this option as a form of debt relief.

Wouldn’t it be easier for you to pay just one bill monthly, that too at a lower interest rate?

This is known as Debt Consolidation and it might be exactly what you’re looking for. Debt consolidation is the process of taking out one loan to pay off several separate loans

It is like a hero who saves you from a lot of troubles. You won’t have to set reminders for every debt payment or make time out of your busy schedule.

You can just take out one loan to consolidate all other loans. You will just have to make one single payment every month.

You typically receive a lower initial interest rate. Plus, having only a single bill to pay will ease your nerves. Yet, debt consolidation may come with some disadvantages so it is crucial that before taking this step, you understand everything that comes with it. 

At CuraDebt, we will make sure this step is right for you before you commit to it.

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  1. Secured Debt Consolidation Loans in Alaska

Secured loans are loans that are given and backed by collateral. Such examples of this would be a mortgage loan or an auto loan. If you default on these loan payments, the lender can use that asset as a payment. The lender has the legal right to seize your property if you are not able to repay the loan because of any unforeseen reasons.

One of the benefits of getting a secured loan is they are easier to obtain. 

The lender sees it as less risk for them because if the borrower defaults, they likely don’t need to worry about never seeing their money again. Additionally, the interest rates with this type of loan can be lower.

On the other hand, it can be highly risky for the borrower because if you do this, you risk the chance of losing your home or car. 

However, if this is done with professional help like CuraDebt, you can get some room to breathe. With the lowest interest rates and high savings, CuraDebt will come to your rescue. 

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  1. Alaska Credit Counseling

Credit counseling can be a very valuable tool when trying to manage your finances and debt. With countless years of experience and expertise, credit counselors can help you to manage your debt. 

This approach is intended to assist borrowers who are struggling to manage their debt. People who want to consolidate their debts or raise their credit scores might also benefit from it.

There is not a single moment of doubt that it used to be a good option. However, over time, fees and interest rates rise tremendously. 

Counselors answer your inquiries and also give information on various debt repayment choices, such as payment plans or hardship exemptions from late fees or other costs.

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  1. Filing for bankruptcy in Alaska

In Alaska, filing for bankruptcy is the last remaining choice. Chapter 7 bankruptcy will apply if your income is lower than the median income in your state.

Chapter 13 bankruptcy may be an option if your salary is higher than the state median income but you are still unable to repay the debt.

Your business will be subject to Chapter 11 bankruptcy if it is insolvent and unable to pay its debts.

Bankruptcy is the last possible and least preferable solution. Before taking any decision to declare bankruptcy, you should discuss it with a professional – where you understand the ramifications that may stay with you for decades. 

  1. Merchant Cash Advance (MCA)

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A Merchant Cash Advance loan is a loan for operating firms that require additional funds to manage different business operations.

Business receivables are a guarantee for MCA loans. If your company is unable to repay a loan, the lender will be allowed to collect receivables on your name.

Your business is a result of your hard work. While leverage can be used to relieve yourself of debt, and it seems like a good idea. However, you seriously risk hurting yourself, any employees, and your clients if this goes wrong.

Even worse, any risk to your revenue will make it more difficult for you to repay your debt if this business is how you get your money exclusively or largely.

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Debt destroys both people and families. You will begin to observe changes with expert assistance and direction. For your debt relief, a reputable company like CuraDebt is necessary. Learn more about it here.

Debt Relief Alaska FAQs

How long can a lender go after you to collect debt in Alaska?

Different types of debt have varying statutes of limitations. Here are the differences: 

  • Credit card debt: has 3 years for the statute of limitation. 
  • Auto loan debt: has 4 years for the statute of limitation.
  • State tax debt: has 6 years for the statute of limitation.

Do you qualify for debt settlement in Alaska?

This program is specifically designed for people who are experiencing problems like income loss or unforeseen bills.

Do you frequently make only the minimum payments because of debt problems? Are you still battling debt that has outgrown your expectations?

Get in touch with a CuraDebt counselor to find out if you’re eligible. We will assess your cashflows to see whether you are eligible for this program. A free estimate of your savings from the debt relief program will be sent to you by us.

CuraDebt will work for you and significantly reduce the cost of your debt settlement. You can pay off your debt faster with CuraDebt.

How Much Will It Cost?

In Alaska, there are numerous debt relief options, each with its own requirements.

Some programs offer immediate assistance, while others ask you to wait until the start of their payment plan before receiving any funds in exchange for paying off your debts more quickly than usual.

With unmatched service, CuraDebt gives you the best competitive rates. Most importantly, CuraDebt’s Debt Relief Program does not require an upfront fee.

What Makes CuraDebt One of the Best Debt Settlement Companies in Alaska:

  • We’ve helped settle millions of dollars of debt 
  • We have helped thousands of people since 1998 and expanded nationwide in just 2 years. 
  • CuraDebt is one of the oldest and most experienced companies in the U.S.
  • We are IAPDA and BSI certified.
  • We provide a free saving estimate and devise a plan specifically modeled toward your needs.
  • No hidden charges. Honesty and integrity are what we stand for.
  • Our success rate is high because client satisfaction and happiness are the main mission at CuraDebt.
  • With a 4.9 star average on Shopper approved, we are the most trusted company by people across the USA.
  • 140+ Google reviews with an average of 4.9-star ratings
  • CuraDebt is a Good Standing Member of the Online Business Bureau, American Fair Credit Council, US Chamber of Commerce, and AFCC.
  • Getting our clients the best possible settlement with creditors is something we know how to do.
  • We help settle debts quickly. We’re incredibly efficient and cost-effective as well. Our top-notch customer service ensures to address any queries or concerns our clients may have.

With CuraDebt, you are in the right hands. With perfect ratings and zero complaints, we are confident we are the best in our industry. We are more resourceful than any competitor in the market and help you at every step along the way.

Get rid of your high-interest-rate debt and create a debt-free future with us. 

Call 877-850-3328 for a free consultation now!

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