Economy and Personal Loans in Iowa
Personal loans in Iowa provide a flexible financial solution for residents that need a bit more than what regular online loans can provide. Through a personal loan an eligible borrower can get up to $5,000 on a single loan that can be paid in monthly installments over a long period of time, usually up to 36 months depending on the lender that will fund your loan. With personal loans you get a good balance of easy application process and high premiums, two advantages of online loans and regular bank loans. This is what makes personal loans an attractive solution for those with financial difficulties.
Iowa - Rates & TermsLoan Amount: $1,000 - $5,000
Interest Rate / APR: Variable
Loan Length: 12 months - 36 months
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Credit Scores in Iowa:
According to a research performed in 2011 by Experian, one of the largest credit reporting agencies in the USA the State of Iowa ranked 8th that year based on “Average Credit Score” with a score of 708. These average credit scores were computed using a sample of 3 million credit profiles, with scores ranging from 330 to 830. The same year the average FICO score of the United States of 687, thus placing the state of Iowa 21 points above average.
More about Installment Loans in Iowa
The midwestern state of Iowa, also known by it’s nickname the Hawkeye State is located between the eastern Mississippi River and the western Missouri and Big Sioux rivers, thus making it the only state in the country that has both eastern and western borders made up entirely of rivers. During the colonial times the current state of Iowa was part of French Louisiana and Spanish Louisiana, becoming a state of it’s own after the Louisiana Purchase.
In its early history the state of Iowa was primarily focused on agriculture, transitioning to a diversified economy in the latter half of the 20th century. Currently the main economies of Iowa are manufacturing, processing, financial services, biotechnology, green energy production and information technology.
In 2010, Iowa ranked 6th best state on CNBC’s list of "Top States". The state scored in 10 categories such as "Cost of Doing Business" where it ranked 1st and "Economy" where it ranked 10th as well as many other great rankings. In 2011 Iowa also ranked 8th in "Average Credit Scores" in a research performed by Experian.
The state of Iowa as we have seen is one of the best states in the country to live in however even some of the best states have residents with financial problems. Therefore having the right kind of financial help is very important. There are many financing opportunities to be found here, from regular bank loans and mortgage loans to personal loans in Iowa. The latter is a balanced loan that combines the benefits of speed related to online loans and the benefits of bigger premiums found in bank loans. 
State of Iowa Economic Indicators:
- Income per capita: $38,281 (in 2010) 
- Average weekly wage: $800 (third quarter of 2014) 
- Average household income: $49,427 (2014) 
- State expenditures ($ in Millions): 20,150 
- Unemployment rate: 4.0% (March 2015)