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Alaska debt consolidation or Alaska Debt Settlement
Alaska Debt Consolidation to Help pay off debts
If you've fallen behind on multiple credit cards, loans, and other bills in Alaska, and creditors or debt collection agencies are harassing you to collect those debts, you should consider the help and advice from an Alaska debt consolidation or Alaska debt settlement company.
How can Alaska debt consolidation or debt settlement companies help?
Alaska debt consolidation and Alaska debt settlement companies offer programs that can provide you with some financial relief by helping you to pay off your credit cards and other bills comfortably, often quickly, without defaulting.
An Alaska debt consolidation consultant or Alaska debt settlement consultant will give you a no-obligation, free counseling session where they can review your finances, and based on your unique circumstances, suggest any of these programs:
Alaska debt consolidation is a program where a negotiator from a debt consolidation company works with your creditors or the collection agencies that are contacting you directly to get them to accept your monthly payments at a lower interest rate. Many times, the debt consolidation company will also be able to reduce or eliminate altogether late fees or over-limit fees. With the lower interest rate and no extra fees, your monthly payment will go much further to pay off your debt principal. One great feature of debt consolidation programs is that you only need to make one payment each month that the consolidation company will distribute to all of your creditors, and you will be able to choose the date that your payment will be made each month.
Alaska debt settlement is a program where a professional debt negotiator negotiates with all of your creditors and collection agencies that are contacting you in an attempt to greatly reduce your outstanding principal balances. Of course individual results do vary quite a bit, however, in many cases, dependent upon the amounts that you owe and the creditors involved, you might be able to reduce your outstanding balance by up to 40-60%* of the amount you currently owe.
Alaska Debt Consolidation and Debt Settlement Laws
Customers are equally safeguarded not only from high pressure bullying and strong-arming from collection firms, they are also safeguarded from firms trying to swindle them of fees via debt negotiation and settlement plans. Established companies exist that provide services for debt consolidation and negotiating lower debt principals when borrowers have missed many payments. However, sham businessmen pledge to provide these services customers but they end up charging high fees and providing no service at all. These customers end up with worse credit than they had in the beginning of the process. The majority of the time debt settlement attorneys can assist in apprehending and stopping these schemes and recoup some or all of the customer’s money. Plus, debt settlement attorneys can often provide a more trustworthy form of these services to their customers:
- Entering into legally binding agreements with collection agencies.
- Making sure your debt repayment is properly reported to the credit bureaus.
- Making it easier to incorporate this process into tax filing rather than difficult.
Laws for Debt Harassment in Alaska
Regulations of the federal government are significant in Alaska for debt collection protection, Alaska calls for all debt collections agencies to be licensed and bonded. If a firm fails this requirement it may be charged with a misdemeanor and get a fine or jail term in addition to the charge.
Legal Collections Actions
- Creditors and debt collection firms may speak with customers regarding unpaid debts via mail, phone, or fax.
- If the debt is still delinquent, these firms are legally allowed to take legal action within the state law and to provide any relevant notice to the proper credit reporting bureaus.
Illegal Collections Actions
- Lying or deceiving the customer regarding state law with the intention to threaten a customer into making payments beyond their means.
- Continuing to communicate with customers if the customer has requested the communication to stop, but for an exception when letting the customer know that creditors are taking a specific action legally.
- Disturb, bully, torment, bothering a customer.
- Calling the customer at work if the debt collection firm is aware calls to the workplace is not allowed (by the employer)
- Calling the customer repeatedly to the point of being disruptive, especially at peak hours (before 8:00 a.m. and after 9:00 p.m.), without the customer’s prior consent.
*Individual results may vary. Statements made are only examples of possible outcomes, which are not intended to be a guarantee of any future settlement results. A debt counselor will attempt to understand your current financial situation and determine whether you are qualified for the debt resolution programs offered. Debt consolidation and debt settlement companies will work aggressively to reduce your debt balances, however, creditors are under no contractual obligation to negotiate or accept settlement offers.