Baggs at a glance
- Population: a Census-estimated 405, placing it 60th among Wyoming's 99 places (Vintage 2023 subcounty estimate).
- 2020 Census base: 406 people (US Census Bureau, 2020 Census count).
- 2020 to 2023 change: about 0.2% below the 2020 Census base (US Census Bureau).
- Rank among Wyoming places: 60th of the state's 99 Census places (US Census Bureau).
- Size percentile: larger than about 39% of the Census places in Wyoming (US Census Bureau).
- Coordinates: it sits at 41.0347, -107.6573 in the US Census Bureau Gazetteer.
- Nearest larger cities: Craig, CO (36 mi); Hayden, CO (43 mi); Encampment, WY (46 mi); Saratoga, WY (53 mi); Rawlins, WY (56 mi) (Census populations, approximate straight-line distance).
- Nearest smaller communities: Dixon, WY (6 mi); Wamsutter, WY (47 mi); Riverside, WY (47 mi) (Census populations).
What a personal loan costs in Baggs
Personal loans are installment credit — one lump sum, repaid in equal monthly installments across a fixed term you agree to up front.
Compare offers on APR rather than the headline rate — the APR includes most fees, and you can model the total with our personal loan calculator.
Lenders weigh your credit history, income and debts when they set the rate, and the term you choose then determines how that rate compounds into total cost.
A payment that strains the budget is a warning sign; a smaller loan or a little more saving time is the safer route.
Wyoming lending rules that apply in Baggs
The Wyoming rate caps and licensing rules that reach Baggs are listed below, each with its source and retrieval date.
| Rule | Detail | Source |
|---|---|---|
| State lending regulator | Wyoming Division of Banking Source says: The Division is responsible for the chartering and regulation of Wyoming state banks, trust companies, mortgage companies, as well as non-bank financial companies. | Wyoming Division of Banking as of 2026-09-16 |
| Maximum legal interest rate (usury cap) | 36% per year on unpaid principal balances up to $1,000; 21% above $1,000 (Wyo. Stat. § 40-14-310(g)) Source says: shall not exceed the equivalent of thirty-six percent (36%) per year on that part of the unpaid balances of the principal | Wyoming Legislature (Wyoming Statutes) as of 2026-09-16 |
| Payday lending status | Legal with a post-dated check casher license; finance charge capped at the greater of $30 or 20% per month; max term 1 month (Wyo. Stat. § 40-14-363) Source says: No post-dated check finance charge shall exceed the greater of thirty dollars ($30.00) or twenty percent (20%) per month on the principal balance | Wyoming Legislature (Wyoming Statutes) as of 2026-09-16 |
| Small-loan / installment lender licensing | Consumer Lender, Sales Finance Company, Post-Dated Check Casher, and Pawnbroker licenses via NMLS; licensing mandatory per location including online Source says: Licensing is mandatory for every location where business is regularly conducted | Wyoming Division of Banking as of 2026-09-16 |
How to compare offers in Baggs
These steps are the ones that most affect the offer you receive in Baggs:
- Pull your free credit reports and dispute any error — it is the cheapest way to improve the rate you are offered.
- Run your figures through the personal loan calculator on this site so you know the payment before a lender quotes one.
- Pre-qualify with at least three lenders and compare the APR, not the interest rate.
- Check that the lender is licensed in Wyoming using the regulator named above.
- Read the disclosure for origination fees and any prepayment penalty before you sign.