With a total population of 2,537,990 residents in the city and greater metro area, according to the 2014 U.S. census and this number expected to rise in the next several years the city of Charlotte is definitely growing. Statistics also show that its population density is 1105 percent higher than the rest of the state, and this is leading to a boom in the construction industry. The housing market is also seeing an upswing with more new residents looking for a place to live.
The average age of Charleston residents is 33.4, and this is helping to give the city an energetic feel that is helping to attract new businesses in. Men do outnumber women by a significant percent, and this can make for a lively and competitive dating scene. Over 50 percent of the city’s population is Caucasian, with 34 percent comprised of African Americans.
Over 50 percent of residents are also married, and most households have at least one adult that is gainfully employed.
The average credit score is 670
and while this is not excellent it is also not considered poor. With plenty of employment options, decent credit scores and the stability that generally comes with being married it is hard to understand why so many residents are finding that they need financing from a Buy Here Pay Here lot.
The fact remains that many residents are still trying to recover from the recent recession, and even a credit score of 670 is not always enough to assure traditional lenders that you are a safe bet. For many residents the high interest auto loans offered at the Buy Here Pay Here lots are their only option when they need to purchase a new or used vehicle.