Alaska Debt Relief: Is It Possible?
While Alaska may not immediately pop into your mind as the largest state in the U.S., it actually is. The state takes up more space than either California or Texas — the other two largest states in the country. However, despite its size, Alaska also has a very sparse population. Much of the state is virtually uninhabitable due to the icy and wintry conditions throughout the year.
In addition to the extreme temperatures that some parts of Alaska experience, it is also home to over 100 volcanoes. However, these volcanoes rarely erupt. There is lots of natural beauty to experience in Alaska, including numerous lakes and rivers, tall mountains, and glaciers. It is also home to tremendous amounts of sea life, mammals, and fish. In fact, the largest salmon ever caught was caught in the Kenai River and weighed over 97 pounds.
Despite their state’s beauty and reputation as a beautiful location for those who love nature, Alaskans suffer from financial issues, just like others do across the United States. Due to its location, it’s known for its high cost of living. Many people who live in Alaska take on debt in an effort to pay for expensive rent, the high cost of food, and transportation expenses. This debt can lead to a need for Alaska debt relief.
Credit Card Debt in Alaska
The average household in Alaska carries $14,164 in credit card debt. This is much higher than the U.S. average of $8,590. In addition, inflation has surged, with gas prices in Alaska dwarfing those in other states. Costs for all basic living expenses are increasing, including housing, food, and transportation.
Alaska has one of the highest cost of living indexes in the nation. It’s the 6th most expensive state to live in, ranking with a cost index of 129.9, putting it just behind Massachusetts. With such high prices, it’s no surprise that the average Alaskan finds themselves in an endless cycle of earning money, only to see it used immediately to cover the necessities, let alone address rising credit card debt.
If you owe credit card debt in Alaska, use the calculator here to find out how long it will take to pay off your credit cards by making only the minimum payments. The calculator also provides you with the total amount of interest you’ll pay over time — money better put towards covering regular expenses or establishing a savings account!
Ready to Seek Alaska Debt Relief?
At Americor, we offer a number of programs for those seeking to get off the debt treadmill. To learn more, review the links below to find out what option may be best for you:
Top 20 Things Alaska is Known For & Famous For | Lyfepyle
49 Fun and Interesting Alaska State Facts — Gray Line Alaska Blog
2021 Credit Card Debt Study: Trends & Insights (wallethub.com)
Here are the five states with the highest gas prices today | The Hill
Cost of Living Index by State 2022 (worldpopulationreview.com)
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