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Installment loans seekers in the Sunshine State can request funding for up to $40,000 using the short form below. To begin the process, simply fill in your first name, last name, and email address. Then, after clicking the “Get Started” button, we will attempt to find you loan companies for people in Florida.
Unlike some short-term loans, an installment loan is paid back over time. Rather than paying back the entire loan in one single payment, you pay it off in monthly payments which go toward the interest and the principal. The APR will vary depending on the lender as well as your situation. LoanStart.com’s partners offer APRs starting at 4.84 percent.
People in Florida are taking out installment loans for a number of reasons, some of which are outlined below:
If you believe a personal loan is a good option for you, fill in our online form today.
With just over 20 million residents, Florida is the third most populated state in the US. The Sunshine State also has the 4th largest economy by GDP. Florida is world famous for its miles and miles of beaches, theme parks, and numerous cruise ships ports, so it's no surprise that tourism is one of Florida’s biggest industries. The tourism industry has set records for six years in a row. In 2016, Florida welcomed 112.8 million tourists and the industry employed 1.4 million workers.
Florida is also the fourth largest exporter of goods in the nation. Real estate, phosphate mining, agriculture, fishing, international banking, healthcare research along with aerospace and defense are also important industries.
In Florida, the average home price is around $175,300, which is below the national average. The average rent in Florida is near the national average for all rental categories. The cost of living in the Sunshine State is also near the national average.
Some scammers prey on vulnerable consumers who have financial needs. To protect yourself from loan scams, here are some things to keep in mind:
Before requesting a loan, check to make sure you meet the criteria for age, residency, employment, and other requirements. Beginning this way may make for a smoother process when applying for a loan.
Also, when considering a loan, it may be tempting to borrow more than you need. It should be noted, though, that a larger loan translates to more money to pay back in the future.
Also, be aware that borrowing money comes with responsibilities. Upon signing a loan agreement, you accept the burden of fully repaying the loan amount as well as paying any fees, interest, and charges associated with borrowing money. Also, late payments or the failure to repay a loan may subject you to debt collectors and will hurt your credit score.
Those who wish to educate themselves more on regulations and issues regarding consumer finance can visit the Florida Office of Financial Regulation’s Division of Consumer Finance.