Find the Best Personal Loan for Your Needs
Pennsylvania is situated in the Mid-Atlantic and northeastern part of the country with the Appalachian Mountains cutting through the middle. The Oil State is amazing and oil shale is the main reason. This state is blowing up with jobs and money because of oil shale.
It is the 5th most populated state and has GDP of $719.8 billion. The residents of Pennsylvania have an average household income of $56,907 and median family income of $72, 313. The Keystone State does have Philadelphia which is not doing well at all because of socialism but the west side of the state is doing very well.
Even though the state is largely rural, its economy is dominated by some of the best Fortune 500 companies headquartered in Pennsylvania. The state has a thriving financial and insurance sector that dominates the economy. The largest private employer in Pennsylvania is Wal-Mart and the University of Pennsylvania, a close second. The state’s unemployment rate is low at 4.6%.
Even though Pennsylvania has a prosperous economy, the state residents do require monetary support in addition to their high income. This is when it helps to take out a personal loan that works perfectly to meet temporary financial requirements.
Personal Loans for Lawyer Fees
Nobody would like to hire a lawyer. Most people who go to a lawyer for help rarely ever do so for a good reason. It usually always means something bad has happened that requires expert intervention to fix it!
The need for legal counsel can arise for a variety of reasons. It can be for the creation of a will or for child support payments, among many other things. No matter what the reason is, the fees charged by lawyers can quickly add up and become large enough to be unmanageable. The rates will go up further if your lawyer is experienced and has been around for a few years.
Expenses associated with lawsuits can leave a huge dent in your budget. However, you can consider taking out a personal loan to pay the legal fees and other overheads. This amount can be repaid over a period of time. These unsecured personal loans are available to people with good credit scores. Remember plenty of people borrow money for legal fees. They can be easily applied online and are usually disbursed within a week.
It is always better to choose personal loans over making payments via credit cards. These loans offer you flexible options to pay and that too within reasonable and competitive interest rates.
Best Banks for Personal Loans in Pennsylvania
Here are the best banks in Pennsylvania for personal loans:
Serving both Maryland and Pennsylvania, PeoplesBank has thrived and expanded through wise financial decisions and great customer service.
First National Bank
Headquartered in Pittsburgh, Pennsylvania, the First National Bank currently has assets amounting to $33 billion and 400 branches across six states.
First Commonwealth Bank
Founded in 1982, the First Commonwealth Bank is operating in 22 counties in Ohio and Pennsylvania. As of writing, $5.6 billion of its money is in loans.
Centric Bank follows the principles of people-centric services through a variety of loan options made available to its customers.
Citizens and Northern Bank
With speedy approval and closing as well as flexible loan terms, Citizens and Northern Bank wins personal loan lenders. Its no-hassle process is the cherry on top.
Mid Penn Bank
Mid Penn Bank offers a range of personal loan solutions to help you with general and specific purchases such as a revolving line of credit and an unsecured personal loan.
A word of caution: Payday installment loans, cash advances, and car title loans may be easier to get but remember they come with much higher interest rates. They can be a good option if you're absolutely sure you can pay it off quickly.
Robert is our in-house expert on personal loans and finance. He got an MBA, specializing in Finance, before joining the workforce. After working for multiple Fortune 500 companies in the past decade, he brings a wealth of knowledge and experience to the table.