Thorp at a glance
- Population: 1,775 (US Census Bureau, Vintage 2023 subcounty estimate), the 274th-largest of 605 places in Wisconsin.
- 2020 Census base: 1,790 people counted in the 2020 Census (US Census Bureau).
- 2020 to 2023 change: population fell about 0.8% (US Census Bureau Vintage 2023 estimate vs 2020 Census).
- Rank among Wisconsin places: the 274th-largest of 605 (US Census Bureau, 2023 estimate).
- Size percentile: it is larger than about 55% of the places in Wisconsin (US Census Bureau).
- Coordinates: 44.9580 latitude, -90.8022 longitude (US Census Bureau Gazetteer).
- Nearest larger cities: Stanley, WI (7 mi); Abbotsford, WI (24 mi); Colby, WI (24 mi); Medford, WI (26 mi); Spencer, WI (28 mi); each population is a US Census Bureau estimate.
- Nearest smaller communities: Lublin, WI (9 mi); Withee, WI (10 mi); Boyd, WI (12 mi), each a US Census place.
What a personal loan costs in Thorp
Personal loans are installment credit — one lump sum, repaid in equal monthly installments across a fixed term you agree to up front.
The advertised interest rate leaves out fees that the APR captures, which is why APR is the number to weigh; try the personal loan calculator before you apply.
Stretching the term lowers the monthly payment but raises the total interest you pay, so the smallest payment is not automatically the cheapest loan.
A payment that strains the budget is a warning sign; a smaller loan or a little more saving time is the safer route.
Wisconsin lending rules that apply in Thorp
Each row below is a Wisconsin rule with its publisher and the date it was retrieved.
| Rule | Detail | Source |
|---|---|---|
| Maximum legal interest rate (usury cap) | 12% per year maximum ($12 per $100) on the declining principal balance, except as authorized by other statutes (Wis. Stat. § 138.05(1)(a)) Source says: At the rate of $12 upon $100 for one year computed upon the declining principal balance of the loan or forbearance | Wisconsin State Legislature as of 2026-09-16 |
| Payday lending status | Legal and licensed by the DFI Division of Banking; statewide database tracking (Wis. Stat. § 138.14) Source says: "Licensee" means a person holding a license issued by the division under sub. (5) | Wisconsin State Legislature as of 2026-09-16 |
| Small-loan / installment lender licensing | Licensed lender license required from the Division of Banking (Wis. Stat. § 138.09) Source says: Before any person may do business under this section, that person shall first obtain a license from the division. | Wisconsin State Legislature as of 2026-09-16 |
| State lending regulator | Wisconsin Department of Financial Institutions (DFI), Division of Banking Source says: "Department" means the department of financial institutions | Wisconsin State Legislature as of 2026-09-16 |
How to compare offers in Thorp
The steps below are worth completing first when you borrow in Thorp:
- 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 Wisconsin using the regulator named above.
- Read the disclosure for origination fees and any prepayment penalty before you sign.