Economy and Online Personal Loans in Illinois
There are many different ways for a resident of Illinois to find finance, however bank loans have long approval times and short term loans have very short approval times but with a higher interest rate. Personal loans in Illinois are the halfway point between those two loans, with high amounts available, fast approval times and lower rates than online short term loans.
Illinois - Rates & Terms
Loan Amount: 1 000$ - $5,000Interest Rate / APR: Variable
Loan Length: 12 months - 36 months
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Apply Right Now!Credit Scores in Illinois
The average credit score in the state of Illinois is 693, ranking 25th out of all the states of the United States. With the national average FICO Score 689 at the end of 2012 the state of Illinois is one of the states that have a better situation when it comes to the financial health of its residents. [6]
More about Installment Loans in Illinois
The state of Illinois is situated in the Midwestern part of the United States of America, is the 5th state by population and the 25th state by size. Rich in natural resources like coal, timber and petroleum, the state of Illinois has a very diverse economy and is an important transportation hub for the USA. With a wide variety of resources and employment opportunities there is also great variety in income and financial options.[5]
The economy of Illinois is centered around a few industries including machinery, food processing, electronic equipment, fabricated metal products transportation equipment and many others. The agricultural, manufacturing and services sectors are all developed in the State of Illinois providing many different work opportunities for the residents of Illinois.
With a wide range of financial solutions available in the state of Illinois, almost all its residents can find a place to get some help if that time comes. Personal loans in Illinois are one of these solutions and are medium to long term loans that can be repaid in installments within up to of 36 months
State of Illinois Economic Indicators:
- Income per capita: $43,159; [1]
- Average weekly earnings: $922.45 (end of 2012); [2]
- Average household income: $53,234 (end of 2011);[3]
- State expenditures ($ in millions): 213,344 (estimated for 2012); [4]
- Unemployment rate: 9.9%. [1]
- http://en.wikipedia.org/wiki/Economy_of_Illinois
- http://www.iwcc.il.gov/benefits.htm
- http://en.wikipedia.org/wiki/List_of_U.S._states_by_income
- http://www.nasbo.org/sites/default/files/State%20Expenditure%20Report_1.pdf
- http://en.wikipedia.org/wiki/Illinois
- http://www.governing.com/gov-data/economy-finance/average-credit-score-by-state