Carpendale at a glance
- Population: 847 (US Census Bureau, Vintage 2023 subcounty estimate), the 109th-largest of 230 places in West Virginia.
- 2020 Census base: the 2020 Census recorded 860 residents here (US Census Bureau).
- 2020 to 2023 change: down roughly 1.5% across the 2020-to-2023 comparison (US Census Bureau).
- Rank among West Virginia places: 109th largest of 230 (US Census Bureau).
- Size percentile: roughly 53% of places in West Virginia rank below it by population (US Census Bureau).
- Coordinates: 39.6277 latitude, -78.7897 longitude (US Census Bureau Gazetteer).
- Nearest larger cities: Cumberland, MD (2 mi); Frostburg, MD (7 mi); Lonaconing, MD (11 mi); Hyndman, PA (14 mi); Keyser, WV (17 mi), each a US Census place with its estimated population.
- Nearest smaller towns: Ridgeley, WV (1 mi); Wellersburg, PA (8 mi); Midland, MD (9 mi) (US Census Bureau).
What a personal loan costs in Carpendale
Personal loans are installment credit — one lump sum, repaid in equal monthly installments across a fixed term you agree to up front.
Compare every quote on APR because it includes the fees the interest rate hides, and check the payment with our personal loan calculator.
Choosing a longer term eases the monthly budget but adds interest over the life of the loan; a shorter term costs more per month and less overall.
Set the loan amount from the expense itself rather than the maximum you are approved for, and keep the payment within your existing budget.
West Virginia lending rules that apply in Carpendale
The table lists the West Virginia rules that apply to a loan made in Carpendale, each with the regulator that published it.
| Rule | Detail | Source |
|---|---|---|
| Maximum legal interest rate (usury cap) | 31% per year on unsecured loans of $3,500 or less; 27% on $3,500–$15,000; 18% above $15,000 (W. Va. Code § 46A-4-107) Source says: the loan finance charge, calculated according to the actuarial method, may not exceed 31 percent per year | West Virginia Legislature (West Virginia Code) as of 2026-09-16 |
| Payday lending status | Traditional payday lending is generally prohibited; check cashers are regulated under W. Va. Code ch. 32A Source says: Traditional "Payday Lenders" are generally prohibited within this state. | West Virginia Division of Financial Institutions (WV DFI) as of 2026-09-16 |
| Small-loan / installment lender licensing | Regulated consumer lender license required from the Commissioner (W. Va. Code § 46A-4-101) Source says: Unless a person has first obtained a license from the commissioner authorizing the person to make regulated consumer loans | West Virginia Legislature (West Virginia Code) as of 2026-09-16 |
| State lending regulator | West Virginia Division of Financial Institutions (WV DFI) Source says: The West Virginia Division of Financial Institutions is charged with the regulation and supervision of financial institutions chartered by the State of West Virginia. | West Virginia Division of Financial Institutions (WV DFI) as of 2026-09-16 |
How to compare offers in Carpendale
Here is a short checklist for comparing personal loans in Carpendale:
- 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 West Virginia using the regulator named above.
- Read the disclosure for origination fees and any prepayment penalty before you sign.