Alaska Debt Consolidation Loans - Home Equity Loans & Refinances

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Alaska State Regulators

Alaska Division of Banking, Securities, and Corporations
P.O. Box 110807 Juneau, AK 99811-0807
Telephone: 907-465-2521

Helpful Debt Consolidation Loan Information

Alaska residents wishing to consolidate their debts with a debt consolidation loan should carefully select a reputable loan company to advise them and help them complete the papers necessary to secure them a loan.

In making a wise financial decision it is important to gather as much information as possible on all the debts you currently have to consolidate. Once you have collected this information you will be more prepared to answer any questions that a representative from a company helping you may have. Having the statements from your creditors is beneficial as it will have all the important payoff information as well as account numbers, contact numbers and such.

Most lenders will ask for the same documentation to facilitate your loan request and approve your loan. You will need to complete a 1003 loan application provided by the lender along with a few other mandatory disclosure documents (like in Truth in Lending Disclosure and an authorization to release information to obtain your credit report), some documents you will need to have available for review are your current paycheck stub, your W-2 forms for the last 2 years from your employer if your self employed you will have to supply your complete tax returns for the last 2 years including a profit and loss statement. Some lenders offer no documentation or easy qualifier programs in which they do not require the above documents but most all lender will require a current appraisal of your home though some do not.

We suggest that not only you contact prospective debt consolidation loan companies online but it is also good to contact them via telephone that way you can better judge the professionalism of each company.

Once you have started the process with a company you can always call another one for a second opinion or even a third opinion for that matter. And you can always call your State's Better Business Bureau to see if a prospective company has had any complaints against it. Checking first can help you make an intelligent decision. The Better Business Bureau's nationwide directory online is located at BBB.org

In conclusion preparing your documents first, shopping around, asking questions and investigating companies upfront will help you make a wise debt consolidation loan decision.