Online Personal Loans in Maryland
As mentioned in the first part of our article, 36MonthLoans.com is a website that can help residents of Maryland find a lender based on their needs and more importantly based on their credit score. The lenders we work with provide personal loans up to $25,000 that can be repaid in 36 months even to borrowers with a credit score just below prime. In the state of Maryland we also provide personal lines of credit which let the borrower have more control over how the money is transferred. Once a personal line of credit is opened, the customer can withdraw the amount he needs at the time of his choosing up to the amount that was approved. Hopefully this offers some additional insight into the financial opportunities available for marylanders. As always, good fortune and remember to be a responsible borrower.
These two types of credit are very similar, the only difference being that with a personal line of credit you can withdraw the money as you please instead of receiving it all at one time. This method of borrowing is fast, convenient and perfect for emergencies. We hope this helps you make a better decision when it comes to borrowing and remember to always be a responsible borrower as we try to be a responsible loan matching service.
Maryland - Rates & Terms
$1,000 - $25,000
Interest Rate / APR:
Variable (more details
12 months - 36 months
If you meet the requirements and qualify for one of our personal loans we will provide you with a financial solution tailored to your needs, based on your financial eligibility. Once approved for a loan you will be provided the full details of the offer including: interest rate, repayment term, payment amount and the total cost of the loan.
Credit Scores in Maryland:
The average credit score of the state of Maryland was 687 in 2011 when Experian, one of the important credit reporting agencies in the United States performed a research on all the states. The state of Maryland ranked 30th out of all the states and had the exact same average credit score as the average score of the United States which at that time was 687.
More about Installment Loans in Maryland
One of the smallest states in the Mid-Atlantic Region, Maryland is also one of the most densely populated in the area and is occasionally referred to as the Old Line State, the Free State or the Chesapeake Bay State. Although the State of Maryland is officially named after Queen Henrietta Maria, some historians also believe that the name derives from the biblical Mary, mother of Jesus said by George Calvert, the first Lord of Baltimore just prior to his passing.
Maryland is considered to be the wealthiest state in the nation because it has the highest median household income followed by New Jersey and Connecticut. Maryland is also the state with the lowest poverty rate, 7.8%.
Maryland's economy is based on several important activities. One of the most important is the tertiary service sector and one of the major service is transportation by rail and trucks. One other service activity involves the technical and administrative tasks of the defense and aerospace industries and bio-research laboratories in the Baltimore/Washington region.
The food production sector of Maryland is also important for the gross domestic product of this state. Commercial fishing is the most important for this sector and it revolves around the Chesapeake Bay. There are however large agricultural areas as well that sustain food production in Maryland. Other industries include manufacturing, mining and tourism.
As we can see, Maryland is one of the wealthiest states in the USA, however even the best states have residents with lower income. For these residents that need financial assistance there are many various services that can offer financial assistance. 36MonthLoans.com provides one of those services through matching of residents with lenders that can provide personal loans and personal lines of credit in Maryland.
State of Maryland Economic Indicators:
- Income per capita: $49,025 (2010); 
- Average weekly wage: $1,005 (second quarter of 2013); 
- Average household income: $70,004 (in 2011); 
- State expenditures ($ in millions): 
- Unemployment rate: 6.6% (March 2012)