Alaska Debt Relief Guide
Alaska is considered one of the most expensive states to live in. For one, Alaska is miles away from the “lower” 48 states, which makes it harder to bring in consumer goods. Thankfully, Alaskans have access to Permanent Fund Dividend checks to offset the higher cost of living, as well as having no state or income tax.
However, even with those added financial perks, Alaskans and the state have been heavily affected by the pandemic. This has led to an increase in credit card debt. In fact, Alaskans have more credit card debt than consumers in any other state, with an average balance of $6,617.
“Many credit users in Alaska are getting to a point where their debt levels are simply unsustainable,” says Gary Herman, President of Consolidated Credit. “At a certain point, you simply won’t be able to keep up with the bills and maintain a balanced budget. For Alaskans facing these types of debt levels, it’s critical that they develop the right plan to pay off their debt.”