Online Payday Loans in Alaska

We've all found ourselves there a couple of times, where some unforeseen expense arises be it vet expenses, utility shutoff notices, or possibly a payment that we forgot about. In these moments, you should apply for a payday advance loan in Alaska.

The process of applying for a cash advance loan is quick and easy. Although, you do need to meet specific guidelines to make sure you're eligible.

What Specifically is a Cash Advance Loan And Why Is It Necessary?

A payday loan is when a person borrows a small amount of money on a short-term basis that they're required to pay back with their next paycheck. This kind of loan requires no collateral, which is why it's thought of as an unsecured personal loan.

Being able to obtain a payday loan will help cover emergency expenses that pop up like car fees, health fees, eviction notices, unpaid utility bills, and a lot more.

What Are The Guidelines For Payday Loans in the State of Alaska?

To be granted a payday loan in Alaska there are a handful of requirements the borrower has to satisfy in order to qualify, such as:

• Be 18+ years of age
• Be able to submit a social security number
• Have proof of Alaska residence
• Show proof of a stable income of $1,000 per month or greater
• Provide an email address and phone number
• You may not be bankrupt or in debt

The failure to abide by the criteria above will lead to an automatic denial of your request. Always check that you have the right documents available when applying.

Payday Loan Rules and Regulations in the State of Alaska

Along with cash advance loans come specific rules and regulations depending on the city. We've detailed some of these, specific to the state of Alaska:

• The maximum loan amount is $500 for a single repayment and $1,000 for multiple repayments
• APR is 304%
• The state of Alaska does not allow rollovers therefore the loans have to be repaid within the contracted time frame

There are specific time frames for single payment loans and multiple installment loans.

Shortest Term

• The borrower has 7 days to remit payment for a single-payment loan
• For multiple installment loans, the borrower has 60 days to post payment

Maximum Term

• The borrower will get no more than 31 days to pay back a single-payment loan
• 90 days will be allotted to the borrower for repayment on a multiple installment loan

Do Payday Loan Lenders Review Credit History?

Lenders will complete a credit pull, but it's not the standard credit check you may be thinking of. They will perform what's known as a soft credit inquiry which looks into your general details as well as your entire credit history.

The soft credit inquiry won't affect your credit, whereas a hard credit pull will. Although, this requires your permission and is generally only used for rental applications, credit cards, auto loans, and other financial matters.

Can I Be Approved For a Cash Advance Loan with Poor Credit in Alaska?

If you're worried due to the fact that you have lackluster credit; don't! You can still be approved for a payday advance loan with poor credit or no credit at all, in Alaska. As long as you have proof that you can pay the loan back, lenders generally aren't concerned with your credit rating.

Irregardless of if you request a loan online or at a payday advance lender storefront local to you, never go without your proof of income available as well as other documents showing that you're able to pay back the loan. With more evidence, you increase the likelihood of approval.

When Will The Cash Show Up In My Bank Account?

Typically, most borrowers should expect that their funds will show up in their account the following business day. However, this relies upon a couple of things such as:

• When you apply
• Who your bank is

As long as you apply prior to 10:30 AM when you are going for a same-day cash advance loan in Alaska, it will strengthen the likelihood that you receive your money on the same day you apply. Obviously, only if you're approved.

Remember that banks, as well as a lot of other businesses, close during the weekends, and on holidays. Meaning, if you apply the day before a holiday, or before the weekend, there's a chance your payment will be postponed.

Who Do You Do Your Banking With?

Something else you'll want to be cognizant of is who you do your banking with. Banks have their own procedures when it comes to releasing funds. A handful may be okay with releasing them the same day whereas others will use a 3 to 5 day holding period.

What you can do is inform your banker that you are requesting a payday loan so that they might make an exception on when to transfer the funds to your checking account. If they won't make an exception, you can ask them what their policy consists of so that you know for the future.

Payday Advance Application Process In the State of Alaska

The payday advance loan application process in Alaska is uncomplicated. It doesn't depend on if you have no credit or even poor credit, you can still get approval. You don't need to leave your home if you want to apply through us online. Or, you can find your nearest lender's storefront.

Regardless, whatever you pick, all you need is your general information like your email address, phone number, social security number, etc.

Should you decide to visit your nearest lender at their storefront, ensure you have your government ID or passport to prove your identity. They may also require verification of address to verify you live in Alaska, as well as proof of income.

Think About Borrowing From Us

We are an online service that offers payday loan applications online in the State of Alaska. We are working closely with hundreds of lenders who provide services online. Plan to receive your cash advance by the next business day.

If you would rather, you can always search for the closest payday loan storefront and apply there. This might boost the likelihood that you see your cash on the same business day as long as you apply before 10:30 AM.

To find a payday advance loan storefront close to you, search for your city on the list below: