With a population of about 13,000, Bedford is located in the Cuyahoga County in Ohio. It is located southeast of Cleveland and has a diverse economy. There two main commercial districts. The first one being Automile which is heavily dependent on automobile dealerships while the other one being the Historical District which caters to tourism. Other than these there are also some large companies which provide employment like Xellia Pharmaceuticals and Art of Beauty while Nature Stone is a local company. There is also the Bedford Medical Centre which offers employment. There are other small businesses as well which help the local economy.
If you have been thinking about borrowing some cash for personal or small needs, then it’s good news for you. It couldn’t be a better time after the new legislation adopted by the State of Ohio. Forget triple digit APRs, they have now been capped at 28%, with a cap of 60% on fees and interests. Along with this you get a minimum of 91 days to repay the loan with a maximum term of a year. An exception here is if your monthly interests are not more than 7% of net income. Also you wont be able to borrow anymore if you are in more than $2,500 in debt.