The city of Columbus lies at the very center of the state of Ohio. While it’s most widely known for being the capital of Ohio, the 14th largest city in the US, and the home to Ohio State University, there are many other great reasons why people would like to visit Columbus.
If you’re visiting Columbus you likely won’t run out of things to do. There’s museums like the Columbus Museum of Art, or the Center of Science and Industry. You could visit the Franklin Park Conservatory and Botanical Gardens, see a college football game, or check out a number of great theaters.
Columbus is a large city, with a population of 895,877, and a median age of about 32. The median household income is $52,971 and the median property value is $159,400. While there may be many opportunities for employment and high-paying jobs in Columbus, there are still many families and individuals who are struggling financially.
Unfortunately, poverty has become an all-too-common issue in Columbus, just like most other large metropolitan areas. According to the US Census Bureau, 20.4% of people living in Columbus are living below the poverty line. For these people, common everyday tasks like buying groceries or filling the car with gas can be a struggle. This is why many of these people turn to short-term lending options like online installment loans.
Installment Loans
Most commonly, short-term personal loans like payday or online installment loans are used to help people with unexpected bills or expenses. Broken down vehicles, home appliance repairs, unexpected medical bills, and children’s school costs are just a few of the things that cause people to consider personal loans.
It’s of the utmost importance that you do plenty of research before opting for a short-term personal loan. Make sure that you’re capable of paying it back before you take one out. There are many different types of personal loans, and they all have different terms, conditions, and interest rates. Luckily, CreditNinja is here to help.
Read on to learn more about personal loans in Columbus, how they work, and what to watch out for.