Debt Relief Programs in Alaska
Alaska has widely been seen as one of the more expensive states to live in due to its high cost of living, and many residents use credit cards to help get by. According to the 2019 Experian Consumer Credit Review, Alaskans carry the highest credit card balance, with an average balance of just over $8,000.
If you live in Alaska and find yourself overwhelmed with unsecured debt, you may feel like you won’t be able to get out from under it. Don’t worry — Century is ready to help. Our credit card debt settlement services, available to consumers in Alaska, can help you with your financial burden.
How to Pay Off Debt in Alaska
Fortunately, there are several ways for Alaskans to pay off their debt. If you want to avoid bankruptcy and reduce your debt in a timely manner, you should consider a debt relief solution. Century’s Certified Debt Specialists will personalize a debt settlement program based on your circumstances and support you through the next steps.
You’re a good candidate for debt settlement if you:
Have an overwhelming amount of credit card debt
Can’t afford your monthly credit card payments
Have large medical bills you can’t afford to pay
Why Consider Debt Settlement?
Debt settlement is a negotiated agreement in which a lender accepts less than the full amount owed (sometimes significantly less) to legally settle a debt. This can be a viable alternative to bankruptcy and may be an especially good solution if your debts are held by debt collectors.
For Alaska residents, debt settlement may be the best option for getting out of debt and making a fresh financial start.
It's As Easy As 1, 2, 3 ...
Century’s focus is completely on you.
We are experienced in helping our client’s get on a path toward better financial health. Check out our easy, three step program below.
With a 95.4% customer satisfaction rating, Century Support Services has settled more than $1.3 billion in debt for 250,000+ clients. We have the resources and the expertise to resolve your financial burdens.
Benefits of Debt Settlement
There are various benefits that come with debt settlement, such as:
Avoid having to file for bankruptcy
May prevent you from being sued or having a court judgment against you
Have a significant portion of your debt resolved
Settle your debts in less time
Settle your debts without compromising the other important financial obligations
Drawbacks of Debt Settlement
In addition to benefits, there are also drawbacks to debt settlement, including:
You may owe taxes on the amount of debt that’s settled
It could negatively affect your credit rating
Some creditors may refuse to negotiate. However, Century has built relationships with most creditors which has bolstered our ability to settle debt.
Fees and interest may be placed on late or delayed payments
Tips for Alaskan Residents to Stay Debt Free
Below are three of our top tips for staying debt free so you can have the financial peace you deserve.
First, set a realistic budget and be proactive about managing it by having weekly check-ins to see how your actual spending compares to your budget. Make any necessary adjustments and, over time, you’ll find your budget is fairly accurate. But continue to be diligent about taking the time to manage your budget every week and tweak it as necessary. By staying on top of your budget, your finances will never get out of control.
Second, if possible, avoid using credit cards. If you have to (or prefer to) use them for certain purchases, be sure you can pay off the balance quickly — ideally at the end of the month to avoid interest.
Third, save regularly. Put a set amount of money into an emergency fund each month until you have enough to cover 6 months’ worth of living expenses. Once your emergency fund is built up, create a savings account for big purchases such as vacations, holidays and new appliances. By having this money saved up, you won’t need to go into debt by using a credit card.
Debt & Financial Resources for Alaskans
For additional information about Alaska debt relief, check out the following resources. You’ll find them to be helpful on your journey toward paying off debt.
Looking for a Debt Settlement Company in Alaska?
Century Can Help!
You aren’t alone in finding a solution to resolving your debt. Our debt settlement program is designed to get you on the path toward better financial health and enjoying your life again. Financial independence isn’t out of reach — it can be yours with a little help from Century Support Services.
If you live in Alaska and need help with credit card or other types of unsecured debt, contact us to see if you qualify.