Thousands of Alaskans get so squeezed on their finances every year that they turn to high-interest payday loans to help cover their bills. That may sound manageable — short-term borrowing with …
This item is available in full to subscribers.
To continue reading, you will need to either log in to your subscriber account below or purchase a subscription.
Please log in to continue |
Thousands of Alaskans get so squeezed on their finances every year that they turn to high-interest payday loans to help cover their bills. That may sound manageable — short-term borrowing with the intent to pay back the debt with the next paycheck — but it digs a deep hole into financial quicksand for many people. More than 7,000 Alaskans took out payday loans totaling $17.4 million in 2023, according to the state’s Division of Banking
