Economy and Personal Loans in Colorado
Coloradans in need of financial help have various options to choose from, either in the form of regular bank loans, mortgage loans, short term or personal loans. All of these have their own advantages and disadvantages but when you need a flexible but also quick solution for your financial troubles you can apply for a personal loan. With a personal loan in Colorado you can borrow up to $5,000. This loan can be repaid in a period of up to 36 months in monthly installments and most of the process occurs online, starting with a fast application. The option to repay the loan in monthly installments makes personal loans a much better and flexible alternative to other online loans that force the borrower to repay in full within 30 days. To start the lending process all it takes is to fill out our online form, then it’s up to us to get you funded.
Colorado - Rates & Terms
$1,000 - $5,000
Interest Rate / APR:
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 Colorado:
Based on a study performed by Experian, one of the most important credit reporting agencies in the United States of America the average credit score of the State of Colorado was 692 in the year 2011 when said study was performed. At that time this credit score placed Colorado on the 26th spot out of the 50 states with 5 points above the US average which at that time was 687.
More about Installment Loans in Colorado
Colorado, also known as the Centennial State is the 8th most extensive and 22nd most populous state in the country and is part of the Western United States, Southwestern United States and the Mountain States. The state was named for the Colorado River that springs from the Rocky Mountains within this states territory.
The river known today as the Colorado River was named by spanish travelers that called it the Río Colorado (Coloured River) for the reddish color caused by the silt in the waters. The state got the nickname “Centennial State” because it officially became a state 28 days after the 100th anniversary of the United States Declaration of Independence.
The economy of Colorado was largely centered around mining until the mid 19th century when irrigated agriculture was introduced. By the end of the same century the main economic interests were agriculture and raising livestock. After the second half of the century the industrial and service sectors greatly expanded giving a chance to scientific research and high-tech industries to flourish. Other important industries in Colorado include food processing, chemical products, minerals, transportation equipment and tourism. Although the Coloradoan industry is varied and offers plenty of workplace opportunities there will always be need for financial assistance. For those cases we help provide personal loans in Colorado. 
State of Colorado Economic Indicators:
- Income per capita: $42,802 (in 2010) 
- Average weekly wage: $982 (second quarter of 2013) 
- Average household income: $55,387 (2011) 
- State expenditures ($ in millions): 30,287 
- Unemployment rate: 4.2% (April 2013)