Online Personal Loans in Idaho
The northwestern state of Idaho is ranked 14th based on size, is the 39th most populous out of all the states and like most of the northern states it is above average according to average credit score. Idaho, also known as the "Gem State" is mostly a mountainous state and has received that nickname because of the numerous types of gemstones that have been found there.
Aside from it's nickname the "Gem State" Idaho is also known as the "Potato State" due to the fact that this state produces one third of the entire U.S. production. As such it can safely be said that agriculture is one of the most prominent industries and one of the largest sources of income for Idaho.
However there are also other forces that contribute to the main revenue of this state. Other important industries in Idaho are lumber extraction and manufacturing, mining of silver and other ore, machinery, chemical products, paper products and tourism. Idaho is also known to host activities such as downhill and cross country skiing, snowmobile courses and other winter sports.
The largest industry in Idaho at the moment is the science and technology sector. This sector is responsible for 25% of the total state revenue and over 70% of the total state exports. This large range variety of industries offers job opportunities with incomes varying from low to very high. In this case, some residents of Idaho may be required to look for additional financing from time to time. Personal loans in Idaho cover this need for additional financing by offering a flexible loan that can be borrowed online and can be repaid in scheduled installments.
State of Idaho Economic Indicators:
- Income per capita: $32.257 (2010); 
- Average weekly wage: $683 (second quarter of 2013); 
- Average household income: $43,341; 
- State expenditures ($ in millions): 6,944 (estimated for 2012); 
- Unemployment rate: 6.1% 
Credit Scores in Idaho:
The average statewide credit score of Idaho was 694 in 2011, at the time that Experian, one of the largest credit agencies in the world performed an analysis of the entire United States of America. Idaho's average was 7 points above the U.S. average at that time. This result was consistent with the trend discovered at that time which showed that northern states tend to have higher average credit scores.
Personal Loans in Idaho:
Installment loans, also known as online personal loans are designed for the needs of the borrower with above average credit scores, just below prime. These loans are accessible, flexible and can be applied for online without the need for any paperwork. Residents of Idaho that are eligible for a personal loan can apply on our website as well. We help provide loans up to $5,000, with interest rates as low as 20% APR over periods of up to 36 months. These loans are flexible in the sense that they can be repaid in monthly or bi-weekly installments, until the loan is paid in full. Eligible borrowers that are interested in taking out a loan can do so by filling out their personal information through our website.