Debt Consolidation: Anchorage Residents Have Options Available
When you think of Anchorage, Alaska, the first thing that may come to mind is the attendant wild life. After all, the city’s motto is “Big Wild Life.” But you may not be aware that Anchorage’s airport is a major refueling stop for many international flights due to its location. Flights from New York, Frankfurt, and Tokyo can reach the aptly named “air crossroads of the world” in under 10 hours.
Moreover, Anchorage is Alaska’s most populous city and contains more than 40 percent of the state’s total population. If you’re one of its estimated 298,192 residents, you may find yourself (along with many of your neighbors) in a bit of a financial bind. If you’re currently growing your debt more than your savings, take heart—debt relief could be just a phone call away. Whether it’s debt settlement, debt counseling or debt consolidation, Anchorage residents like you can find help today.
Which Debt Relief Solution Is Right For You?
There are a variety of debt solutions available to those burdened by massive debt. There’s no one-size-fits-all solution, but there are options that might fit your debt situation better.
For Anchorage residents burdened with more than $10,000 in debt, debt consolidation may be a good option. It involves getting a consolidation loan to cover your debts. Instead of paying several bills to several creditors, you pay one to a debt consolidation company or bank.
Sticking with minimum payments might seem like the simplest solution. However, it will most likely lead to you paying more over time thanks to compounding interest, and it can take a long time to pay off.
If you have a lot of debt, debt resolution could be the right choice. With debt resolution, you work with a company to reduce the total amount you owe and resolve debt for less. The company negotiates with your creditors on your behalf while you save into a program account you control. When the debt settlement company reaches an agreement with one of your creditors, you can use the funds you saved to settle the debt. The process continues with each enrolled debt until it has all been resolved.
Debt Consolidation in Anchorage
Debt consolidation in Anchorage may simplify the debt repayment process and make debt resolution less stressful. Most debt consolidation loans are secured loans, which requires collateral — a high-value asset such as a home or a car. On the one hand, it can help you get a lower interest rate, which means you pay less over time. On the other hand, if you do fall behind or can’t make your payments, you’re in danger of losing your house or your car.
The other debt consolidation option is to get an unsecured loan. These usually carry much higher interest rates because the lending company doesn’t have any guarantee that you’ll repay the entire loan, especially if you have bad credit. Be careful that this won’t lead to a much larger owed amount over time.
The National Civic League has named Anchorage an All-America City four times over the past half century. This honor is bestowed on 10 communities each year. Winners can be communities of any size whose citizens achieve outstanding results in solving issues that affect the community. “Anchortown” has also been named by Kiplinger as the most tax-friendly city in the United States. There are so many great reasons to live here, yet if you’re one of the millions of Americans burdened by massive debt, this may not provide much comfort. A good place to start looking for a solution is to speak with a debt specialist at 800-910-0065 and find out how you can start your journey toward financial freedom.
End Your Debt
Find out how our program could help.
- One low monthly program deposit
- Settlements for less than owed
- Debt could be resolved in 24-48 months