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Personal loans in Medicine Bow, WY

In Medicine Bow, a personal loan turns a one-time expense into predictable monthly payments, and the rate you get depends on your credit, income and debts. With roughly 238 people, Medicine Bow ranks 74th of 99 Census places in Wyoming. Wyoming sets the rate caps and licensing rules a lender must follow here, and the sourced table below lists them.

By the Personalloaned Editorial Team · Last updated 2026-09-16

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Medicine Bow at a glance

  • Population: a Census-estimated 238, placing it 74th among Wyoming's 99 places (Vintage 2023 subcounty estimate).
  • 2020 Census base: 242 people counted in the 2020 Census (US Census Bureau).
  • 2020 to 2023 change: a decline of roughly 1.7% between the 2020 count and the 2023 estimate (US Census Bureau).
  • Rank among Wyoming places: 74th by size among 99 communities (US Census Bureau).
  • Size percentile: about 25% of Wyoming's Census places are smaller (US Census Bureau).
  • Coordinates: 41.8995 latitude, -106.2019 longitude (US Census Bureau Gazetteer).
  • Nearest larger cities within 120 miles: Hanna, WY (19 mi); Saratoga, WY (44 mi); Sinclair, WY (48 mi); Laramie, WY (51 mi); Rawlins, WY (53 mi) (US Census Bureau).
  • Nearest smaller communities: Rock River, WY (16 mi); Elk Mountain, WY (18 mi); Riverside, WY (56 mi), each a US Census place.

What a personal loan costs in Medicine Bow

With an installment loan the payment is fixed for the life of the loan, so the schedule is predictable from the first month to the last.

Two loans can share an interest rate and still differ in APR once fees are counted, so compare APR; our personal loan calculator shows the difference over the full term.

Your credit, income and existing debts drive the rate a lender offers, while the term you pick sets how much interest builds on top.

Pre-qualification is a good first filter: it shows the rate and amount a lender may offer before you agree to a full application and a hard inquiry.

Wyoming lending rules that apply in Medicine Bow

The table carries the Wyoming rate and licensing rules that apply to consumer loans made in Medicine Bow.

RuleDetailSource
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 statusLegal 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 licensingConsumer 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
State lending regulatorWyoming 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

How to compare offers in Medicine Bow

Here is a short checklist for comparing personal loans in Medicine Bow:

  1. Pull your free credit reports and dispute any error — it is the cheapest way to improve the rate you are offered.
  2. Run your figures through the personal loan calculator on this site so you know the payment before a lender quotes one.
  3. Pre-qualify with at least three lenders and compare the APR, not the interest rate.
  4. Check that the lender is licensed in Wyoming using the regulator named above.
  5. Read the disclosure for origination fees and any prepayment penalty before you sign.

Common questions

Frequently asked questions

Can I get a personal loan with bad credit in Medicine Bow?
Yes, but expect a higher APR and possibly a smaller amount. Lenders that serve borrowers with lower scores are licensed statewide, so your options in Medicine Bow are the same as elsewhere in Wyoming.
How much can I borrow with a personal loan in Medicine Bow?
Loan amounts are set by each lender and depend on your income, credit and existing debts, so we do not quote a range we cannot source. The Consumer Financial Protection Bureau explains how lenders assess an application, and our personal loan calculator will model the payment for any amount before you apply.
Does a personal loan in Medicine Bow require collateral?
Unsecured personal loans do not require collateral. A secured loan, such as a home-equity or auto-secured loan, does — and it puts the pledged asset at risk if you default.
Will shopping for a loan in Medicine Bow hurt my credit?
Pre-qualification usually uses a soft credit pull that does not affect your score. A full application triggers a hard inquiry, which may lower your score by a few points temporarily.

Nearby places

Where these figures come from

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