Cheyenne Wells at a glance
- Population: 722, the 172nd-largest community in Colorado out of 270 (US Census Bureau, Vintage 2023).
- 2020 Census base: 754 residents (US Census Bureau, 2020 Census).
- 2020 to 2023 change: about 4.2% below the 2020 Census base (US Census Bureau).
- Rank among Colorado places: 172nd of 270 by population (US Census Bureau, Vintage 2023).
- Size percentile: it exceeds roughly 36% of Colorado's Census places by population (US Census Bureau).
- Coordinates: mapped at 38.8192, -102.3520 by the US Census Bureau Gazetteer.
- Nearest larger cities: Sharon Springs, KS (33 mi); Burlington, CO (34 mi); Goodland, KS (50 mi); Lamar, CO (53 mi); Holly, CO (54 mi) — straight-line distances, US Census Bureau populations.
- Nearest smaller towns: Kit Carson, CO (24 mi); Sheridan Lake, CO (25 mi); Eads, CO (33 mi) (US Census Bureau).
What a personal loan costs in Cheyenne Wells
Personal loans are installment credit — one lump sum, repaid in equal monthly installments across a fixed term you agree to up front.
Judge an offer by its APR, which blends the interest rate with fees, and use the personal loan calculator to see the total cost.
A lender weighs your credit profile, income and debts when setting the rate, and a longer term lowers the payment at the cost of more interest overall.
Most lenders offer pre-qualification with a soft credit pull, so you can see an estimated rate and amount without affecting your credit score.
Colorado lending rules that apply in Cheyenne Wells
The Colorado rate caps and licensing rules that reach Cheyenne Wells are listed below, each with its source and retrieval date.
| Rule | Detail | Source |
|---|---|---|
| State lending regulator | Colorado Attorney General's Office — Consumer Credit Unit (Administrator of the Uniform Consumer Credit Code) Source says: "The Consumer Credit Unit regulates (through licensure/registration programs) companies and individuals involved in consumer lending"; it "licenses non-bank lenders such as finance companies and payday lenders". | Colorado Attorney General — Consumer Protection Section as of 2026-09-16 |
| Maximum legal interest rate (usury cap) | UCCC finance-charge ceilings: 12% per year on non-supervised consumer loans; supervised loans 36% on the first $1,000, 21% on $1,000–$3,000, 15% above $3,000 (or 21% flat); 21% on revolving accounts Source says: "not exceeding twelve percent per year on the unpaid balance of the amount financed"; "Thirty-six percent per year on that part of the unpaid balances of the amount financed that is one thousand dollars or less"; "Twenty-one percent per year on the unpaid balances of the amount financed". | Colorado General Assembly — C.R.S. § 5-2-201 (Colorado Revised Statutes 2024, Title 5) as of 2026-09-16 |
| Payday lending status | Permitted but capped at 36% APR (Proposition 111, effective February 1, 2019) Source says: "a finance charge for each deferred deposit loan or payday loan that must not exceed an annual percentage rate of thirty-six percent". | Colorado General Assembly — C.R.S. § 5-3.1-105 (Deferred Deposit Loan Act) as of 2026-09-16 |
| Small-loan / installment lender licensing | Supervised lender license required from the UCCC Administrator (master license required for more than one place of business); deferred deposit lenders must hold a supervised lender's license Source says: "if a supervised lender has more than one place of business, they must obtain a master license"; "no person shall engage in the business of deferred deposit loans without having first obtained a supervised lender's license" (C.R.S. § 5-3.1-116). | Colorado Attorney General — Uniform Consumer Credit Code licensing as of 2026-09-16 |
How to compare offers in Cheyenne Wells
These steps are the ones that most affect the offer you receive in Cheyenne Wells:
- 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 Colorado using the regulator named above.
- Read the disclosure for origination fees and any prepayment penalty before you sign.