Legal Status: Legal
Citation: Alaska Stat. §§ 06.50.010 et seq.
Alaska State Licensed Online Lenders:
CashCentral.com, CashNetUSA.com, CheckCity.com, SpeedyCash.com
Maximum Loan Amount: $500
Loan Term: Min: 14 days
Maximum Finance Rate and Fees: $5 + the lesser of $15 per $100 or 15%
Finance Charge for 14-day $100 loan: $20.00
APR for 14-day $100 loan: 520%
Collection Fees: $30 NSF fee; Court costs of up to $700 over the amount of the payment (if disclosed in loan agreement)
Criminal Action: Prohibited(Unless check returned due to closed account)
Where to Complain, Get Information:
Regulator: Alaska Division of Banking and Securities
Address: P.O. Box 110807 Juneau AK 99811
Fax: (907) 465-2549
Alaska Department of Commerce, Community and Economic Development
Division of Banking and Securities
Consumer Services – File a Complaint
Questions Regarding California Deferred Deposit Transaction Law
Predatory Lending Fact Sheet
Online Resources: Deferred Deposit Quick Links
The table below will display a representation of different loans with an annual interest rate of 35%*. Interest rates are set after assessing each customer's credit worthiness through traditional credit checks.
|Borrowed Amount||Loan Period||Monthly Payments||Total Payable Amount|
* The interest rate displayed in the examples table above is only representative. Not all customers will be eligible for a loan with the lowest interest rate. The APR and loan amount is determined by several factors such as: credit history, employment history, even state law.