Alaska is known to have the highest amount of credit card debt compared to anywhere else in the nation. The average credit card debt per Alaskan is $7,148. There is good news though, debt collection agencies within Alaska have to licensed and bonded. If an agency goes after an Alaskan for various amounts of debt but do not have a license and bond, than they can be charged with a misdemeanor with a possible fine and jail time. For the agencies that are licensed and bonded to work within Alaska, they can collect debt. They are not allowed to harass consumers but can call on a normal basis to collect the debt. There are legitimate debt settlement companies that can provide services for reducing debt when people are behind in their payments. There are ways to check if an Alaskan debt settlement company is fraudulent.
In the process of checking an Alaskan debt settlement company, make sure they have been around for some time (not just a few days). This way consumers can tell they are not a company that will walk away with their money over night. The company should have a respectable BBB rating of at least an A-. When speaking to the sales person and compliance department, make sure all the details and questions are flushed out, if the terms are not transparent either ask them to elaborate on them or leave before signing any contracts. If the consumer feels everything is fine and the company is reputable, they should choose a great debt settlement company to reduce their debt.
Alaska debt settlement is a perfectly legal solution for consumers who are deep in debt and seeking an alternative to bankruptcy. Pay As You Settle (PAYS) adheres to the Federal Trade Commission (FTC) ruling for a debt settlement program. The FTC created a law stating that debt settlement companies cannot charge for fees before services are rendered. Since PAYS was created with the consumer in mind,this program began months before the law became intact. The Pay As You Settle (PAYS) debt settlement process involves negotiating with creditors to reduce the overall debt into a lump sum payment. Most debt settlement companies negotiate only with unsecured debt; these include medical and credit card debts. Secure Debt which most debt settlement companies cannot negotiate are student loads, auto financing and mortgages. Junk debt buyers (collection agencies) agree to take less than the original amount owed to the creditors since they bought the debt at a fraction of the overall cost. Most good debt settlement companies can cut the balance of the debt by 35-50% and then pay the creditor with a lump sum to resolve the debt amount.
PAYS understands that every debt is unique and everyone has their own circumstances. At PAYS we have dedicated negotiators working on a reasonable settlement that benefits you, the consumer. So if this sounds like the program that works for you. Give us a call at 1-877-849-5710 to become part of our program. The PAYS goal is to help our customers regain a sense of financial control so the consumer can rest easier at night.
Our debt settlement program is free* for consumers with any amount of debt. If you need help with your debt, fill out the form on the left or call 1-877-849-5710 to talk to our debt settlement negotiators.
Pay as You Settle® (PAYS) is the nation’s leading and only state-certified pay as you go debt settlement program. Our goal at PAYS is to ensure that each customer gets back on track to financial well-being.
*Debt settlement program is free until services are rendered
