Alaska

Alaska is the largest state in the union. Known of natural beauty, Alaska is a frontier and an escape for many people tough enough to live in the Land of the Midnight Sun.

As a result of size and population, Alaska is ranked #48 for population and #50 for population density. Over 738,000 people called Alaska home. Anchorage is the largest city in the Alaska.

Income

The median state income is $76,400. As of 2018, the minimum wage is $9.84 per hour. Unfortunately, 13.8% of Alaskan children under 18 live in poverty. For residents overall, 9.9% of all people in Alaska live under the poverty level.

  • Median state income: $76,400
  • Minimum wage: $9.84/hour
  • Children in poverty: 13.8%
  • People in poverty:9.9%

Is Alaska a Community Property State?

Unfortunately, Alaska is not a community property state. Therefore your assets are not seen as equally owned by you and your spouse. Currently, there are only 10 states that are community property states. In the state of Alaska, the judge will decide which assets are shared by you and your spouse, and what the equity is for each.

There are 10 community property states in which the state sees your assets as community property are Louisiana, Arizona, California, Texas, Washington, Idaho, Nevada, New Mexico, and Wisconsin.

Homeowners

More than half (65.5%) of Alaskans hold a mortgage. The median home price in Alaska is $307,900 (2018). Of course, that median price depends on the location with some areas being much higher.

  • Homeowner rate: 65.5%
  • Median home price: $307,900

Employment

Alaska has a current unemployment rate of 7.3%. The underemployment rate is 12.8%. Underemployment is the percentage of civilian workers who are unemployed, employed part-time or are not seeking employment.

If this is you, we can help. Pacific Debt offers Alaska debt relief solutions tailored to your unique situation and budget. Our certified counselors help you work up a budget, and explain your options.

  • Unemployment: 7.3% (2018)
  • Underemployment: 12.8% (2017)

Alaska Debt

Alaskans carry a lot of debt. The average credit card debt is $13,048 (2018) – the highest in the US. The average student loan debt is $26,171. When you add all that debt on top of the cost of homes (rental or owned), versus the median income, it is very easy for Alaskans to get into debt.

  • Avg credit card debt: $13,048 (2018)
  • Avg mortgage debt: $228,088 (2017)
  • Avg student loan debt: $26,171 (2017)

Alaska Statute of Limitations

Alaska’s statute of limitations lays out maximum time periods that debt collectors can take action against a delinquent debt. These statutes of limitations begin on the date that your debt goes delinquent.

For debts taken out in Alaska, the following are the statutes of limitations for different types of debt.

  • Oral agreements: 6 years
  • Written contracts: 6 years
  • Promissory notes: 3 years
  • Credit cards and other revolving loans:3 years

Alaska Debt Relief & Debt Consolidation

If you have more debt than you can pay off, Pacific Debt can help you consolidate your debt and learn to live debt free. Since 2002, we’ve settled over $200 million in debt for thousands of clients. We are a nationally top ranked debt relief company located in San Diego.

We will help you work through our proven and comprehensive debt relief program. Your certified debt relief counselor will review all your options. If debt settlement is right for you, we move forward with our debt consolidation program and work to save you money. Pacific Debt can help with most unsecured debt like credit cards, personal loans, medical bills and repossessions.

It is not an easy process and it won’t happen overnight, but you can do it. Pacific Debt will be there every step of the way to help.

Debt Collection Laws

Alaskans are protected against unscrupulous debt collectors. The federal Fair Debt Collection Practices Act (FDCPA) prohibits debt collectors from using abusive or harassing bill collection practices. In addition, the Alaska Fair Debt Collection Practices Act (AFDCPA) adds protections against more types of collectors and actions. If you are a victim of any of these actions, you may take legal action against them.

Overall, debt collectors can NOT:

  • Charges more than 10% interest
  • Garnish more than 25% of wages
  • Use/threaten physical force or criminal tactics to harm you, your property, or your reputation
  • Accusing you of committing a crime for not paying the debt
  • Make/threaten to make defamatory statements to someone else
  • Threaten arrest, to seize assets, or garnish wages, unless actually planning to take such action
  • Use obscene or profane language
  • Cause you to spend money you wouldn’t otherwise have spent (ie long-distance telephone calls)
  • Call you repeatedly or let your phone ring repeatedly
  • Call frequently
  • Contact your employer, except to verify employment or health insurance status, garnish wages or locate you
  • Reveal information about debt to anyone except your spouse or your parents if a minor.
  • Publicly publish your name for failing to pay
  • Send a postcard or letter with revealing information on the envelope
  • Claim to be someone other than a debt collector, including a governmental official
  • Use stationary that appears to be from a law firm
  • Charge you collection or attorney’s fees unless legally allowable
  • Threaten to report you to a credit reporting agency if they have no intention of doing so
  • Send a letter claiming to come from a claim, credit, audit, or legal department unless it actually is

Debt collectors must:

  • Disclose caller identification
  • May contact your family to locate you
  • Must serve you with notice of a lawsuit if suing you

Bankruptcy Court Information

Bankruptcy is a legal action that can erase most of your debt as well as your credit history. It is not an action to take lightly. If you do, you must follow the following steps in Alaska.

Persons filing for bankruptcy must:

  • Complete credit counseling within six months before filing for bankruptcy.
  • Complete a financial management instructional course after filing bankruptcy.
  • Complete a Bankruptcy Act Means Test to determine if you are eligible for a Chapter 7 or 13 bankruptcy
  • Itemize current income sources; major financial transactions; monthly living expenses; debts (secured and unsecured); and property (all assets and possessions, not just real estate).
  • Collect last 2 years of tax returns, deeds to real estate you own, car titles, and loan documents
  • File for bankruptcy
      • Chapter 7 bankruptcy fee is $306
      • Chapter 13 bankruptcy fee is $281
  • Meet with court assigned bankruptcy trustee
  • Attend a Meeting of Creditors
  • Confirm plan if filing for Chapter 13 bankruptcy

DISCLAIMER: We are not lawyers and are not giving legal advice. Before filing bankruptcy, talk to a lawyer in your state.

Alaska Better Business Bureau

Pacific Debt is an A+ rated business with the BBB. We have been accredited since 2010. We have received 4.87 out of five stars based on 40 customer reviews with the BBB.

Alaska Debt Relief Reviews

by Dee S.
I am currently in the first stage of…
I am currently in the first stage of the program and so far it has been a great experience. Everyone I have talked to has been very professional and empathetic to our situation. I can only hope that the rest of this process goes as well and I can be free of debt with no regrets.
by Customer
I have had a great experience so far
I have had a great experience so far. I would recommend this company to help take control of your finances.
by Rich H
New Begining
If you are thinking there is no end insight and seeing half of your monthly payments going in their bank while the only means for daily needs is another swipe digging the hole deeper. Do yourself a favor do your homework than call Pacific Debt. and listen to your wayout. They work with you so you can see an end and in good time so you realize the sooner you start you can count down to the new begining.

Alaska Cities Served by Pacific Debt

Adak
Akhiok
Akiachak
Akiak
Akutan
Alakanuk
Alatna
Alcan Border
Aleknagik
Aleneva
Allakaket
Alpine
Ambler
Anaktuvuk Pass
Anchorage municipality
Anchor Point
Anderson
Angoon
Aniak
Anvik
Arctic Village
Atka
Atmautluak
Atqasuk
Attu Station
Barrow
Bear Creek
Beaver
Beluga
Bethel
Bettles
Big Delta
Big Lake
Birch Creek
Brevig Mission
Buckland
Buffalo Soapstone
Butte
Cantwell
Central
Chalkyitsik
Chase
Chefornak
Chenega
Chevak
Chickaloon
Chicken
Chignik
Chignik Lagoon
Chignik Lake
Chiniak
Chisana
Chistochina
Chitina
Chuathbaluk
Circle
Clam Gulch
Clark’s Point
Coffman Cove
Cohoe
Cold Bay
Coldfoot
College
Cooper Landing
Copper Center
Copperville
Cordova
Covenant Life
Craig
Crooked Creek
Crown Point
Cube Cove
Deering
Delta Junction
Deltana
Diamond Ridge
Dillingham
Diomede
Dot Lake
Dot Lake Village
Dry Creek
Eagle
Eagle Village
Edna Bay
Eek
Egegik
Eielson AFB
Ekwok
Elfin Cove
Elim
Emmonak
Ester
Evansville
Excursion Inlet
Fairbanks
False Pass
Farm Loop
Ferry
Fishhook
Flat
Fort Greely
Fort Yukon
Four Mile Road
Fox
Fox River
Fritz Creek
Funny River
Gakona
Galena
Gambell
Game Creek
Gateway
Glacier View
Glennallen
Golovin
Goodnews Bay
Grayling
Gulkana
Gustavus
Haines
Halibut Cove
Happy Valley
Harding-Birch Lakes
Healy
Healy Lake
Hobart Bay
Hollis
Holy Cross
Homer
Hoonah
Hooper Bay
Hope
Houston
Hughes
Huslia
Hydaburg
Hyder
Igiugig
Iliamna
Ivanof Bay
Juneau city and borough
Kachemak
Kake
Kaktovik
Kalifornsky
Kaltag
Karluk
Kasaan
Kasigluk
Kasilof
Kenai
Kenny Lake
Ketchikan
Kiana
King Cove
King Salmon
Kipnuk
Kivalina
Klawock
Klukwan
Knik-Fairview
Knik River
Kobuk
Kodiak
Kodiak Station
Kokhanok
Koliganek
Kongiganak
Kotlik
Kotzebue
Koyuk
Koyukuk
Kupreanof
Kwethluk
Kwigillingok
Lake Louise
Lake Minchumina
Lakes
Larsen Bay
Lazy Mountain
Levelock
Lime Village
Livengood
Lowell Point
Lower Kalskag
Lutak
McCarthy
McGrath
McKinley Park
Manley Hot Springs
Manokotak
Marshall
Meadow Lakes
Mekoryuk
Mendeltna
Mentasta Lake
Metlakatla
Meyers Chuck
Miller Landing
Minto
Moose Creek
Moose Pass
Mosquito Lake
Mountain Village
Mud Bay
Naknek
Nanwalek
Napakiak
Napaskiak
Naukati Bay
Nelchina
Nelson Lagoon
Nenana
New Allakaket
Newhalen
New Stuyahok
Newtok
Nightmute
Nikiski
Nikolaevsk
Nikolai
Nikolski
Ninilchik
Noatak
Nome
Nondalton
Noorvik
North Pole
Northway
Northway Junction
Northway Village
Nuiqsut
Nulato
Nunapitchuk
Old Harbor
Oscarville
Ouzinkie
Palmer
Paxson
Pedro Bay
Pelican
Perryville
Petersburg
Petersville
Pilot Point
Pilot Station
Pitkas Point
Platinum
Pleasant Valley
Point Baker
Point Hope
Point Lay
Point MacKenzie
Pope-Vannoy Landing
Portage Creek
Port Alexander
Port Alsworth
Port Clarence
Port Graham
Port Heiden
Port Lions
Port Protection
Primrose
Prudhoe Bay
Quinhagak
Rampart
Red Devil
Red Dog Mine
Ridgeway
Ruby
Russian Mission
St. George
St. Mary’s
St. Michael
St. Paul
Salamatof
Salcha
Sand Point
Savoonga
Saxman
Scammon Bay
Selawik
Seldovia
Seldovia Village
Seward
Shageluk
Shaktoolik
Sheldon Point (Nunam Iqua)
Shishmaref
Shungnak
Silver Springs
Sitka city and borough
Skagway
Skwentna
Slana
Sleetmute
Soldotna
South Naknek
Stebbins
Sterling
Stevens Village
Stony River
Sunrise
Susitna
Sutton-Alpine
Takotna
Talkeetna
Tanacross
Tanaina
Tanana
Tatitlek
Tazlina
Teller
Tenakee Springs
Tetlin
Thoms Place
Thorne Bay
Togiak
Tok
Toksook Bay
Tolsona
Tonsina
Trapper Creek
Tuluksak
Tuntutuliak
Tununak
Twin Hills
Two Rivers
Tyonek
Ugashik
Unalakleet
Unalaska
Upper Kalskag
Valdez
Venetie
Wainwright
Wales
Wasilla
Whale Pass
White Mountain
Whitestone Logging Camp
Whittier
Willow
Willow Creek
Wiseman
Womens Bay
Wrangell
Y
Yakutat

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