Hoover is a small town in Alabama, located in the north-central part of the state. It is divided between Jefferson and Shelby counties, and it is also the biggest suburban area near Birmingham. In 2018, Hoover, Alabama had around 85,110 residents, so it ranks as the 6th largest city in Alabama.
Hoover’s tax revenue relies on the Riverchase Galleria center, which includes retail, tourism, and business industries. Along with the Riverchase Office Park, it hosts a number of big corporations. Some of the largest employers in Hoover, Alabama are Walmart, Blue Cross Blue Shield of Alabama, T-Mobile, City of Hoover, and Hoover Board of Education.
If you are looking to settle down in Hoover, renting an apartment could cost you around $1,000 per month. This is slightly above the national average. The median cost of an average home in Hoover, Alabama is around $271,600, also above the U.S. average. Still, the percentage of homeowners in this city is fairly high – around 69% of residents live in their own home.
Hoover’s unemployment rate is, on the other hand, fairly low – only 2.8% compared to the national average of 3.7%. Future job growth is predicted to be around 32.5%, which will affect the overall prosperity of this city. The average income per capita has been around $44,000, while the average household income is close to $84,100. The median selected monthly costs for a homeowner (mortgage included) are around $1,785.
If you are a Hoover resident and some unpredicted events have made it hard for you to make ends meet, online personal loans in Hoover may help you. There are a number of options to choose from including cash advance loans, installment loans, and more. Read on to learn more about your options in Hoover.
what are personal loans?
Personal, or consumer loans, can be a suitable solution if you need to borrow money for multiple purposes. A personal loan is one used for personal purposes as opposed to commercial or business purposes. Consumers usually take out personal loans to:
- Consolidate their debts
- Pay for medical emergencies that exceed their insurance
- Fund a vehicle repair
- Cover moving expenses
As you can see, personal loans are often useful to address an emergency need that exceeds your income.
You usually do not have to pay back the money you have borrowed for your personal loan all at once. Personal loans are often paid back in monthly installments that include a portion of the principal and the interest. The interest rate depends on your credit report in many ways: your credit score, your financial history, and your income are all taken into account. Also, different lenders will offer different interest rates to their clients.
Your lender may demand that you back up the loan with collateral – an asset that the lender can take if you fail to repay your loan on time. Common examples of secured loans include auto loans, mortgages, and title loans.
If your credit history is good and your income is high enough to make a trustworthy client, the lender may approve a signature loan, or an unsecured loan. This means no collateral is required, only your signature.
personal loan benefits
Why are personal loans convenient solutions for many people? Here are a couple of reasons why this type of loan may resolve your financial troubles:
- You do not have to wait for weeks to have your application approved (or declined), and you can avoid the overwhelming paperwork conventional loans usually require. The application process is done online, and hearing back from the lender is a matter of just a few days or less.
- You should not be worried if your credit score is not perfect. Your lender can approve your application even if your credit score is lower than you would like.
- Your monthly payments will stay the same throughout the repayment period if your interest rate is fixed. You will not have to deal with any unpleasant surprises, and you can plan your budget around these payments.
- These loans are excellent for debt consolidation, so you can continue paying off the borrowed money at a decent interest rate that will not force you into more debt.
- The fixed repayment schedule and a reasonable amount of time to pay off the debt gives you an opportunity to organize your finances and plan your expenses in advance.
What our borrowers are saying
References
- https://www.niche.com/places-to-live/hoover-jefferson-al/
- https://www.bestplaces.net/jobs/city/alabama/hoover
- https://www.census.gov/quickfacts/hoovercityalabama
Card Offers
Merit Platinum Card
- $750 Merchandise Credit Line
- No Employment or Credit Check Needed
- Zero Sign-Up Fees
View Details
Description
If you have less than perfect credit or no credit, then Merit Platinum is perfect for you.
Benefits
- $750 Merchandise Credit Line
- Start Shopping in Minutes!
- Zero Sign-Up Fees
- Bad Credit? No Credit? You’re Welcome!
- No Employment or Credit Check Needed
- Fast, Easy Application
opensky® Launch Secured Visa® Credit Card
- Start building credit with just $100 – secure your line with a low, refundable security deposit
- No credit check required – 89% approval rate with zero credit risk to apply!
View Details
Description
Join 1.6 million+ cardholders who have used opensky® to build better credit!
Benefits
- Annual fee billed in monthly installments of $2 per month in year 1 and $3 per month thereafter
- Earn up to 10% cash back on everyday purchases
- Affordable payments – minimum payment as low as $10
- Boost your credit score fast—2 out of 3 opensky® cardholders see an average increase of 47 points after 6 months
- Track your progress with free access to your FICO® score in our mobile app
- Build your credit history with reporting to all three major credit bureaus: Experian, Equifax, and TransUnion
- Seamless payments—add your card to Apple Pay, Google Pay, and Samsung Pay
- Fast and easy application—apply in minutes with our mobile-first experience
- Flexible payment options—pick a due date that works for you
- More time to fund—spread your security deposit over 60 days with layaway
Find The Card for You
- Cards for Every Credit Score
- See if you’re eligible with no impact to your credit
- Compare Top Card Offers and Apply Online!
View Details
Description
Need a card? We can help. Find the card that’s right for you in seconds—with no impact to your credit score!
Benefits
- Cards for every credit score
- See if you’re eligible with no impact to your credit
- Get personalized card offers in seconds
- Compare your offers and apply with confidence
FIT™ Platinum Mastercard®
- $400 Initial Credit Limit
- Perfect card for everyday purchases and unexpected expenses
- Monthly reporting to the three major credit bureaus
View Details
Description
Less than perfect credit? We understand. The FIT Mastercard is ideal for people looking to rebuild their credit.
Benefits
- Unsecured credit card requires No Security Deposit
- Use your card everywhere Mastercard is accepted at millions of locations
- Enjoy peace of mind with Mastercard Zero Liability Protection for unauthorized purchases (subject to Mastercard guidelines)
Imagine® Visa® Credit Card
- Up to $1,000 credit limit subject to credit approval
- Earn Cash Back Rewards* – 3% on Eligible Gas, Groceries, and Utilities, and 1% on All Other Eligible Purchases
View Details
Description
Imagine provides more spending power for day-to-day expenses with no security deposit or hidden fees and zero fraud liability.
Benefits
- Earn Cash Back Rewards* – 3% on Eligible Gas, Groceries, and Utilities, and 1% on All Other Eligible Purchases
- Up to $1,000 credit limit subject to credit approval
- $0 fraud liability**
- No Security Deposit
- The Imagine Card is issued by WebBank
Disclaimers
Review Cardholder Agreement for rate and fee information
*See Program Terms for important information about the cash back rewards program.
**Zero liability subject to Visa’s Zero Liability Policy.
OneMain Financial BrightWay® Card
- Earn unlimited 1% cash back on purchases.
- Qualify for rewards like a credit limit increase (subject to credit approval) or APR decrease in as little as six months.
View Details
Description
Building your credit? The BrightWay credit card may help you get started.
Benefits
- See if you’re pre-approved with no impact to your credit score.
- Qualify for rewards like a credit limit increase (subject to credit approval) or APR decrease in as little as six months.
- Earn unlimited 1% cash back on purchases.
- Building your credit? We report to the major credit bureaus and good payment habits can pay off.
- Easily manage your account and make payments using BrightWay App.
- BrightWay cards are issued by WebBank.
Disclaimers
- See the OneMain Financial BrightWay® Card rates and fees.
Reflex® Platinum Mastercard®
- Up to $1,000 Initial Credit Limit
- See if you Pre-Qualify with No Impact to your Credit Score
- Monthly reporting to the three major credit bureaus
View Details
Description
Less than perfect credit? We understand. The Reflex Mastercard is ideal for people looking to rebuild their credit.
Benefits
- Unsecured credit card requires No Security Deposit
- Perfect card for everyday purchases and unexpected expenses
- Use your card everywhere Mastercard is accepted at millions of locations
- Enjoy peace of mind with Mastercard Zero Liability Protection for unauthorized purchases (subject to Mastercard guidelines)
Surge® Platinum Mastercard®
- Up to $1,000 Initial Credit Limit
- See if you Pre-Qualify with No Impact to your Credit Score
- Monthly reporting to the three major credit bureaus
View Details
Description
Less than perfect credit? We understand. The Surge Mastercard is ideal for people looking to rebuild their credit.
Benefits
- Unsecured credit card requires No Security Deposit
- Perfect card for everyday purchases and unexpected expenses
- Use your card everywhere Mastercard is accepted at millions of locations
- Enjoy peace of mind with Mastercard Zero Liability Protection for unauthorized purchases (subject to Mastercard guidelines)
View More Card Offers
PREMIER Bankcard® Mastercard® Credit Card
- Pre-qualify with no impact to your credit score
- Start building credit by keeping your balance low and paying all your bills on time each month
- Award-winning, U.S.-based customer service
View Details
Description
Helping people build credit is our first priority – start your credit-building journey today. Start building credit by keeping your balance low and paying all your bills on time each month.
Benefits
- Pre-qualify with no impact to your credit score
- We report monthly to the Consumer Reporting Agencies to help you build your credit
- Award-winning, U.S.-based customer service
Destiny® Mastercard® with Instant Credit
- Guaranteed $700 credit limit, if approved
- Apply with Confidence! There is no impact to your credit score if you’re not approved. See terms.
- Trusted by more than 1 million customers
View Details
Description
The Destiny Mastercard provides an opportunity for those with imperfect credit.
Benefits
- A guaranteed $700 credit limit to help get your financial goals on track, if approved.
- Don’t wait for your card to come in the mail. If approved, add your card to your mobile wallet and shop today. See Terms.
- Apply with Confidence! There is no impact to your credit score if you’re not approved. See terms.
- Trusted by more than a million customers with reporting to all three major credit bureaus, so you get credit for all of your hard work.
- No security deposit, just instant purchasing power. See Terms.
- Zero Fraud Liability – Peace of mind that comes with having a Mastercard.
- Get the credit you deserve, even with less-than-perfect history.
Current Build Visa® Credit Card
- Credit for everyone – Regardless of your credit history!
- Get paid up to 2 days faster – Using Direct Deposit*
- Reports monthly to all three major credit bureaus
View Details
Description
Current Build Card has made credit building simpler, safer, and smarter so now you can get credit for the banking you do everyday.
Benefits
- Credit for everyone – Regardless of your credit history!
- Get paid up to 2 days faster – Using Direct Deposit.*
- Reports monthly to all three major credit bureaus.
- Build credit not debt.
- Grow your savings – Earn up to a 4.00% Bonus on Savings Pods**
- View Product Disclosures
Disclaimers
Current is a financial technology company, not an FDIC-insured bank. FDIC insurance up to $250,000 only covers the failure of an FDIC-insured bank. Certain conditions must be satisfied for pass-through deposit insurance coverage to apply. Banking services provided by Choice Financial Group, Member FDIC, and/or Cross River Bank, Member FDIC. The Current Visa® Debit Card, which may be issued by Choice Financial Group and/or Cross River Bank, and the Current Visa® secured charge card issued by Cross River Bank, are both pursuant to licenses from Visa U.S.A. Inc. and may be used everywhere Visa debit or credit cards are accepted. Current deposit account required to apply for the Current Visa® secured charge card. Independent approval required.
*Faster access to funds is based on comparison of traditional banking policies and deposit of paper checks from employers and government agencies versus deposits made electronically. Direct deposit and earlier availability of funds is subject to timing of payer’s submission of deposits.
**Boost Bonuses are credited to your Savings Pods within 48 hours of enabling the Boost feature and on a daily basis thereafter, provided that the Savings Pod has accrued a Boost Bonus of at least $0.01. No minimum balance required. The Boost rate on Savings Pods is variable and may change at any time. The disclosed rate is effective as of August 1, 2023. Must have $0.01 in Savings Pods to earn a Boost rate of either 0.25% or 4.00% annually on the portion of balances up to $2000 per Savings Pod, up to $6000 total. The remaining balance earns 0.00%. To earn a Boost rate of 4.00% with at least one Eligible Payroll Deposit equalling a minimum of $200. For more information, please refer to Current Boost Terms and Conditions.
Walmart MoneyCard
- 3% cashback at Walmart.com, 2% at fuel stations, 1% in-store, up to $75 each year*
- Get your pay up to 2 days before payday with free Direct Deposit™
- Unlock overdraft protection up to $200–opt in with eligible direct deposit
View Details
Description
The Walmart MoneyCard just keeps getting better!
Benefits
Get your pay up to 2 days before payday
With free ASAP Direct Deposit™, you can stop waiting for Friday & make payday Wednesday.
Bank on your schedule
Skip a trip to the bank & manage your money from the palm of your hands with the MoneyCard app.
Unlock overdraft protection up to $200
Opt in & enjoy coverage levels for purchase transactions based on your eligible direct deposit.
Save more with no monthly fees
No monthly fee when you direct deposit $500+ in previous monthly period. Otherwise, $5.94 a month.
Disclaimers
*Up to $75 per year. Subject to eligibility. Redeem rewards upon each anniversary of opening the account, using our website or app. See Deposit Account Agreement.