Economy and Personal Loans in Pennsylvania
The Commonwealth of Pennsylvania, as it is officially called is a small state located between the Mid-Atlantic, Northwest and Great Lakes regions. Also known as the "Keystone State" or "Quaker State", Pennsylvania was one of the original 13 states that founded the United States of America. It is also the 33rd largest by area, 6th by population and 9th by population density, with most of it’s residents located near the cities of Philadelphia, Pittsburgh, Allentown, Erie and Reading.
The state of Pennsylvania has a flourishing economy, ranking 6th in the USA according to information gathered in August 2014. The economy of this state is in such a good state at the moment that if Pennsylvania would be an independent state its economy would be 18th largest in the world.
However, although Pennsylvania is a wealthy state not all of it’s residents have a great financial situation. Pennsylvanians that need some help with their finances have however many options for financing available for them, from regular bank loans to short term online loans.
Personal loans in Pennsylvania have advantages from both types of loans: high loan amounts from bank loans and a quick lending process from online loans. A well balanced loan for those that need to borrow up to 50 000$ and want to repay the loan in easy installments over a long period of time. [1]
State of Pennsylvania Economic Indicators:
- Income per capita: $41,152 (in 2010) [2]
- Average weekly wage: $937 (third quarter of 2014) [3]
- Average household income: $50,228 (2014) [4]
- State expenditures ($ in Millions): 87,466 [5]
- Unemployment rate: 5.3% (March 2015) [7]
Credit Scores in Pennsylvania:
According to a research performed by Experian in 2011 the state of Pennsylvania ranked 13th in the USA based on average credit score with a score of 700, 13 points above the national average which at that time was 687. Experian is one of the most important credit reporting agencies that operates in the United States of America. For this research Experian analyzed over 3 million credit profiles, with scores that ranged from 330 to 830.[6]
Personal Loans in Pennsylvania:
Residents of Pennsylvania that need to borrow up to 50 000$ can apply through our website for a personal loan. These loans have several advantages such as: a quick application and approval time similar to that of online short term loans, a higher amount available (uo to 50 000$), a longer period of time in which to repay the loan (in some cases up to 36 months) and the ability to repay in flexible installments. All of these advantages make personal loans a good decision for people in need of financing.
- http://en.wikipedia.org/wiki/Pennsylvania
- http://www.infoplease.com/ipa/A0104652
- http://www.bls.gov/news.release/cewqtr.t03.htm
- http://en.wikipedia.org/wiki/List_of_U.S._states_by_income
- https://www.nasbo.org/publications-data/state-expenditure-report
- http://www.governing.com/gov-data/economy-finance/average-credit-score-by-state
- http://www.ncsl.org/research/labor-and-employment/state-unemployment-update.aspx