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Collection Agencies in Alaska

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List of collection agencies in Alaska.

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Debt Collection Laws in Alaska

here are some relevant federal and state laws that were in effect:

  1. Fair Debt Collection Practices Act (FDCPA): This federal law is applicable nationwide, including Alaska. It prohibits debt collectors from using abusive, unfair, or deceptive practices to collect from consumers and provides several protections to consumers regarding when and how they can be contacted by debt collectors.
  2. Fair Credit Reporting Act (FCRA): This federal law regulates how consumer credit information is collected, shared, and used. Consumers have the right to access their credit report and dispute any inaccuracies.
  3. Alaska Statute of Limitations: In Alaska, the statute of limitations for a creditor to sue for unpaid debt varies depending on the type of debt. As of 2021, the limitation for oral and open-ended accounts (like credit cards) is three years, and for written contracts, it’s six years.
  4. Alaska Exemption Laws: Alaska has laws that can protect certain types of property from being seized by creditors to fulfill a debt. Alaska’s exemptions are generally more generous than those in many other states, particularly with respect to the homestead exemption, which was $72,900 as of 2021.
  5. Garnishment Laws in Alaska: If a creditor sues and gets a judgment against a debtor, they can garnish the debtor’s wages or bank accounts to satisfy the debt. Alaska law limits the amount that can be garnished to the lesser of 25% of disposable earnings or the amount by which the individual’s weekly income exceeds 30 times the federal minimum wage.
  6. Alaska Debt Collection Regulations: Alaska requires debt collection agencies to be licensed and bonded in Alaska. They are regulated by the Alaska Department of Commerce, Community, and Economic Development. Unfair or deceptive practices could result in penalties or license revocation.
  7. Alaska Unfair Trade Practices and Consumer Protection Act: While this law doesn’t specifically target debt collection, it prohibits unfair or deceptive acts or practices in the conduct of trade or commerce, which can potentially be applied to some debt collection practices.

It’s always best to consult with a legal expert or official state resources for the most accurate and up-to-date information.

Suppose a debtor disputes the debt or requests the name and address of the original creditor in writing within 30 days of receiving an initial validation notice. In that case, the debt collector cannot attempt to collect the debt until the debt collector mails verification of the debt to the concerned person.

Anchorage, Juneau, Wasilla, Sitka and Fairbanks are the most prominent cities in AK.