Economy and Personal Loans in Oklahoma

Residents of Oklahoma that need financial assistance can apply through our website for personal loans. The maximum amount someone can borrow with one of our personal loans is $5,000 and the period of time the loan can be repaid in depends from customer to customer with a maximum of 36 months. These loans have a lower interest rate than other online loans, are accessible and the lenders provide flexible repayment options. A good balance between regular loans and online loans, personal loans in Oklahoma are a great option for any oklahoman in need of some help.

Credit Scores in Oklahoma:

In 2011, the state of Oklahoma ranked 44th according to a research performed by Experian, one of the most important credit reporting agencies in the United States. At that time the average credit score of the state was 676, significantly lower than the US average which at the time was 687. This result showed at that time that southern US states tend to have an average credit score under the US average while the northern ones are above. [6]

More about Installment Loans in Oklahoma

Oklahoma, the Sooner State. Located in the south central part of the country Oklahoma is the 20th largest state and 28th most populous state in the U.S.A. The name of the state is derived from the words okla and humma from the Choctaw language which translate into "red people" from the native americans that lived in this territory before the non-native settlers came.

The state of Oklahoma is a major producer of natural gas, oil and agricultural products and it’s economy greatly relies on aviation, energy production, biotechnology and telecommunications. In 2007 Oklahoma had one of the fastest growing economies in the United States. The two major hubs are the metropolitan areas around Tulsa and Oklahoma City. Around these two cities live about two thirds of all oklahomans.

Although the economy of Oklahoma is very diverse and it creates a wide array of job opportunities there will still be some people that struggle financially and require some assistance from time to time. For these residents there are many different financing solutions out there, from regular bank loans to short term online loans. Personal loans in Oklahoma are a balance between these two. A resident of Oklahoma can apply online for a personal loan and borrow up to 50 000$, possibly even without collateral. [1]

State of Oklahoma Economic Indicators:

• Income per capita: $36,421 (in 2010) [2]
• Average weekly wage: $826 (third quarter of 2014) [3]
• Average household income: $43,225 (2014) [4]
• State expenditures ($ in millions): 22,301 (2014) [5]
• Unemployment rate: 4.1% (March 2015) [7]

Personal Loans in Oklahoma:

1. http://en.wikipedia.org/wiki/Oklahoma
2. http://www.infoplease.com/ipa/A0104652
3. http://www.bls.gov/news.release/cewqtr.t03.htm
4. http://en.wikipedia.org/wiki/List_of_U.S._states_by_income
5. https://www.nasbo.org/publications-data/state-expenditure-report
6. http://www.governing.com/gov-data/economy-finance/average-credit-score-by-state
7. http://www.ok.gov/oesc_web/Services/Find_Labor_Market_Statistics/