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Payday loans are legal in Alaska, including Anchorage. According to Alaska Stat. §§ 06.50.010 et seq., the minimum repayment term for a payday cash advance is 14 days1. The maximum loan amount is $500, and the maximum APR is 520% for a 14-day $100 loan2. Borrowers are permitted two rollover/refinancing periods per loan, and there is no limit on the amount of loans you can have at once2.
There are several payday loan companies in Anchorage, including Alaska Fast Cash3, Money Mart4, and Cash America Pawn5. These companies offer services such as pawn loans, payroll advance, check cashing, and gold buying3.
It’s important to be aware of the fees and interest rates associated with payday loans. The average APR for a payday loan in Alaska is 520%, which means that for a 14-day $100 loan, the finance fee would be about $201. The finance fee shouldn’t exceed $5 or 15%1.
There are also alternatives to payday loans available in Anchorage. Some federal credit unions offer payday alternative loans, which are designed to provide a lower-cost alternative to payday loans6. With this option, you can borrow up to $2,000 and the loan term ranges from one to twelve months6.
It’s important to carefully consider your options before taking out a payday loan or any other type of short-term loan. Make sure you understand the terms and conditions of the loan, including the fees and interest rates, and have a plan for repaying the loan on time.
Here is a list of payday loan companies in Anchorage, Alaska:
Money Mart: Money Mart is a payday loan company located at 704 East Benson Boulevard in Anchorage, AK. They offer payday loans, cash advances, and installment loans (alternatives to title loans) as well as Western Union money transfers and money orders1.
These are some of the payday loan companies in Anchorage, Alaska. It’s important to carefully consider all of your options before taking out a payday loan, as these loans can be very expensive and can lead to a cycle of debt.
Here are the top five hotels in Anchorage, Alaska:
Embassy Suites by Hilton Anchorage1: This hotel has a rating of 9 out of 10 on TripAdvisor, with a total of 1912 users providing ratings for this property1. It is a 3-star hotel1.
Hotel Captain Cook2: This hotel has a rating of 8 out of 10 on TripAdvisor, with a total of 2460 users providing ratings for this property2. It is a 4-star hotel2. One user commented that it is an "Overall, a great place to relax before a cruise!"2.
You can also check out the Hotels page for more options to stay in Anchorage.
Here are some top restaurants in Anchorage, Alaska:
Glacier BrewHouse1: This restaurant has a rating of 4.5 out of 5 on TripAdvisor, with a total of 5090 users providing ratings for this property1. It is known for its Wild Alaskan Seafood, Rotisserie Roasted Meats and Handcrafted Ales1.
Humpy’s Great Alaskan Alehouse2: This restaurant has a rating of 4 out of 5 on TripAdvisor, with a total of 3083 users providing ratings for this property2. It is known for its excellent food at reasonable prices, live local music and a fantastic selection of draught beers2.
You can also check out the Eater page for more options to dine in Anchorage.
Here are some interesting facts about payday loans in Alaska:
The maximum loan amount for a payday loan in Alaska is $5001.
The minimum loan term for a payday loan in Alaska is 14 days1.
There is no maximum loan term for a payday loan in Alaska1.
The maximum APR for a 14-day $100 loan is 520%1.
Borrowers are permitted 2 rollover/refinancing periods per loan1.
There is no limit on the amount of loans you can have at once1.
In addition, there is a new bill proposed by Rep. Stanley Wright, R-Anchorage, that aims to eliminate ‘predatory’ payday loan lenders in Alaska by significantly restricting the interest rates and fees that can be charged by payday loan companies in the state2. This bill would remove special exemptions for payday loans in the state’s lending laws, restricting payday loan companies to the interest rates and fees charged by normal banks2.
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