Reedsville at a glance
- Population: 526 (US Census Bureau, Vintage 2023 subcounty estimate), the 145th-largest of 230 places in West Virginia.
- 2020 Census base: the 2020 count put the population at 532 (US Census Bureau).
- 2020 to 2023 change: down about 1.1% from the 2020 Census base to the 2023 estimate (US Census Bureau).
- Rank among West Virginia places: 145th out of 230 Census places (US Census Bureau).
- Size percentile: about 37% of West Virginia's Census places are smaller (US Census Bureau).
- Coordinates: 39.5103 / -79.8005, per the US Census Bureau Gazetteer.
- Nearest larger cities: Kingwood, WV (7 mi); Morgantown, WV (12 mi); Westover, WV (13 mi); Granville, WV (14 mi); Star City, WV (14 mi) — straight-line distances, US Census Bureau populations.
- Nearest smaller communities: Masontown, WV (3 mi); Tunnelton, WV (9 mi); Albright, WV (9 mi), each a US Census place.
What a personal loan costs in Reedsville
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.
Because the APR includes origination and finance charges, it is the honest comparison number; the personal loan calculator turns an APR and term into a monthly payment.
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.
Before you borrow, decide what the loan is for and whether the monthly payment fits a budget you can already meet without taking on new debt.
West Virginia lending rules that apply in Reedsville
The West Virginia rate caps and licensing rules that reach Reedsville are listed below, each with its source and retrieval date.
| Rule | Detail | Source |
|---|---|---|
| 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 |
| 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 |
How to compare offers in Reedsville
The steps below are worth completing first when you borrow in Reedsville:
- 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.