Online Personal Loans in Mississippi
Mississippi, also known as The Magnolia State or The Hospitality state is situated in the southern part of the country. The name of the state of Mississippi comes from the Ojibwe word "misi-ziibi" which means "great river". This refers to the Mississippi river that flows along the western border of the state.
Based on the area it occupies in the country, Mississippi is ranked 32nd most extensive and 31st most populous. Mississippi is also known as one of the poorest states in the country, having the lowest median household income out of all the 50 states. However the state of Mississippi also has the lowest living costs of any of the states.
One of the reasons for Mississippi's current economic situation is its dependence on cotton agriculture prior to the Civil War as well as natural disasters, late development of frontier bottomlands in the Mississippi Delta, low development of railroads and a period in the 80's when corporate industrial development was discouraged in favor of rural agriculture.
In 2012 Mississippi had one of the largest gambling revenues in the country, ranking 6th with $2.25 billion. The revenue from gambling, especially in the Native American casinos is used to support education and economic development. Because Mississippi is one of the poorest states, the financial sector is even more important and having diverse financial opportunities for the residents of Mississippi is very much needed. While short term loans aren't viable over long periods of time and bank loans are not as great in emergency situations we provide an intermediary loan. Personal loans in Mississippi allow borrowers to get up to $5,000 in the time it takes to get a short term loan.
State of Mississippi Economic Indicators:
- Income per capita: $31.186
- Average weekly wage: $729 (fourth quarter of 2013)
- Average household income: $36.919 (2011) 
- State Expenditures ($ in Millions): 19.417 (2013) 
- Unemployment rate: 7.7% (May 2014) 
Credit Scores in Mississippi:
The average credit score of the state of Mississippi was 668 in 2011. During this period, Experian, one of the most important credit reporting agencies in the USA performed a countrywide study on over 3 million credit profiles with credit scores ranging from 330 to 830. Within these parameters Mississippi was ranked 48th out of the 50 states. At that time the US average credit score was 687. This result showed that southern states tend to have lower than average credit scores when compared to the northern ones.
Personal Loans in Mississippi:
As mentioned above, personal loans offer a flexible and balanced financial solution for people with money problems. You can apply for a personal loan in the same time it takes to apply for a short term loans, completely online and free of charge. The main differences between short term loans and personal loans are the following: a larger maximum amount (up to $5,000) and a longer time that you can keep the loan for (up to 36 months). Basically, personal loans are fast, completely online, safe, offer financial assistance up to $5,000 over periods up to 36 months. A reliable and flexible loan for the residents of Mississippi.