Alaska Payday Loan Laws Examined in New Article and Video by Consumer Finance Site

ANCHORAGE, Alaska - Sept. 18, 2013 - PRLog -- CashAdvanceOnline.net, the leading consumer finance site and short term loan finder has published a brand new article and video in its payday loans series. They aim to give consumers a handy summary of the main laws surrounding payday loans within the state, with the video being a narrated summary of the article. The site hopes that the article and video will give borrowers the knowledge to select a payday loan carefully from responsible and legally compliant lenders.

In Alaska, payday loans are permitted to a maximum of $500 for a minimum of 14 days. There is no maximum loan length. The maximum finance applicable to a $100 loan for 14 days is $20 plus a $5 non-refundable origination fee. This corresponds to general finance charges of 17.5% plus the origination fee. An Alaskan borrower can have as many payday loans as they need provided that each loan is of no more than $500 each. If a consumer in Alaska cannot repay their loan by the repayment date, they can roll it over twice for 14 more days each time. The finance charge can be legally applied to each rollover.

A spokesperson for CashAdvanceOnline.net made the announcement of the article’s publication in the following statement that was released to the press.

“We are very pleased to announce the publication of a new article and video on Alaska payday loans. Consumers can read the article and watch the video to help them understand their rights and how the law operates to protect them from predatory lenders. We encourage consumers read the article and watch the video before accepting a payday loan from a lender. We can help introduce them to professional and reputable companies for free via our comparison service.”

The site will be continuing to publish more articles addressing the laws of cash advance loans in each state alphabetically. CashAdvanceOnline.net is a McAfee Secure™ rated website, boasting the mark of approval from the world’s leading internet security firm. The site receives robust daily testing for viruses, online security, malware and other malicious threats to ensure total safety.

http://www.youtube.com/watch?v=a2fJPQPiByo



Read the full article and see the video at: http://www.cashadvanceonline.net/alaska-payday-loans/

Photo:
https://www.prlog.org/12210628/1