Cash America Pawn
229 W Fireweed Lane
Anchorage, AK
(907) 272-3511
Cash America Pawn is a payday loan company that caters to US citizens offering short-term payday loans, pawn loans and title loans. The official website has very state specific information so if you choose “Alaska” you will be presented with links to the Alaska Division of Banking and Securities and explained in great detail what the law allows for that particular state. There is an area that lets you choose a loan amount followed by the number of days you’d like to repay the loan and the total fees plus APR pops up immediately. This gives you a lot of freedom to see how much you feel you can safely borrow and how much time you need to ensure you can pay it back.
What They Offer
Cash America Pawn offers customers a lot of handy options. You can get a small pawn loan if you only need a few bucks, a payday loan if you need between $300-$500 and a title loan if you need more than that. This range of options is pretty nice so you don’t end up with loans you don’t need. The stores are typically fun to browse as they have a rather large pawn shop area.
Where They Are Located
There are seven different Cash America Pawn stores scattered around Anchorage alone and there are tons of other shops all over the US. You can visit their official website to find a closer store or plan ahead if you’ll be going by one in the future.
Rates/Terms
As with most payday loan companies with an online element, they thoroughly research local and state laws and only offer you loans that comply with these laws. This not only protects you as a consumer but also them as a company that could face legal hardships should they make a financial error. The maximum loan amount for Alaska is $500 and you typically have between 7-20 days to repay it. You can have the option for a 30 day repayment option if you are only paid once per month.
The maximum APR for Alaska is 15% of the entire loan amount or $15 on every $100 you borrow. These laws don’t apply for pawn or title loans so you can often get very good deals that way.
Additional Info
Cash America Pawn provides numerous unique articles related to payday loans on their official website. They offer advice on when a loan is a good idea, how to keep up on the payments, needs vs. wants and much more.
