Are you looking for quick means to help you bounce back from financial hardship? Everything is much easier when you have professional assistance helping you move forward. However, if you are alone in your emergency and need to get cash asap, LoanPlaces may get you through. By filling out your credit application on our website, you obtain an opportunity to get your request delivered to hundreds of online lenders. If you live in Alaska, this may boost your chances of credit approval as one credit request means multiple opportunities.
What is a Payday Loan?
Payday loans, also called emergency advances are intended to help out borrowers hit hard by the economic crisis. Depending on the state of your residence, payday loans may be available to get either through storefront or online lenders. Each option has its advantages and drawbacks, so choose one based on your situation and priorities.
How to get an Online Cash Loan in Alaska?
Getting a loan from online lenders may be a convenient alternative to banks and credit unions for those who are short of time. The process is simple and quick. Fill out your credit request and get approved for a payday loan, even if you hold bad credit. The entire process of borrowing is as simple as it sounds.
What are the Basic Requirements to Qualify for a Payday Loan?
You no longer need to visit local stores or fill in tons of documentation. Today you may get extra funding online without dealing with the traditional hassle. Thoroughly review and understand the set criteria that payday lenders require to meet.
Be a resident of the US,
You also need to fill in your personal information to verify your identity and help lenders to determine the ability to repay your debt. We endeavor to protect your personal information by applying different safety means and encryption methods. Your information is safe with us.
Reasons People Take Out Payday Loans
Small cash advances work best for those who try to get cash in a hurry. That is because the lending process can be completed in a brief period and provide you with sufficient funding. Many Americans take advantage of cash loans to cope with unexpected emergencies that occurred out of the blue. Meanwhile, others rely on payday loans because of holding bad credit. Most traditional lenders don’t accept borrowers with poor or no credit. This is absolutely common as having a bad credit score makes you a risky borrower. However, despite your credit score, you may still get extra funding as soon as you make the best of bad credit loans.
As a result of changes CFPB has made, from July 2020 the lenders don't have to check if the borrower is able to repay the loan. Thus, we encourage you to be careful and make sure you can afford the loan before applying.
|Annual Percentage Rate (APR)||≈ 435%|
|Minimum Loan Amount||$100|
|Maximum Loan Amount||$500|
|Minimum Loan Term||14 days|
|Maximum Loan Term||None|
|Number of Rollovers Allowed||2|
|Finance Charges||max. 15% per $100|
|Cooling-off Period||Not specified|
Real interest rate map /PDF/ of payday loans in the United States calculated on a typical loan.
Payday loans regulation /PDF/ by state 2020.
|For more than ten years Alaska Statute Code 06.50.010 et seq. has been the only statute regulating payday loan market. You can find there all the necessary information about how payday loan companies work, about restrictions and more.|
|The Consumer Financial Protection Bureau (CFPB) makes the financial marketplace work more effectively and educates consumers to help them take more control over their financial lives. Click here to learn more.|
|Learn more about mortgage, credit and loan regulations in Alaska here.|
[ Updated on 14-Jan-2021, 09:26 ]