Torrington at a glance
- Population: a Census-estimated 6,212, placing it 16th among Wyoming's 99 places (Vintage 2023 subcounty estimate).
- 2020 Census base: 6,123 people (US Census Bureau, 2020 Census count).
- 2020 to 2023 change: about 1.5% growth over the 2020 Census base (US Census Bureau).
- Rank among Wyoming places: 16th of the state's 99 Census places (US Census Bureau).
- Size percentile: it exceeds roughly 84% of Wyoming's Census places by population (US Census Bureau).
- Coordinates: it sits at 42.0650, -104.1735 in the US Census Bureau Gazetteer.
- Nearest larger cities within 120 miles: Scottsbluff, NE (30 mi); Gering, NE (31 mi); Alliance, NE (67 mi); Cheyenne, WY (72 mi); Douglas, WY (79 mi) (US Census Bureau).
- Smaller towns nearby: Henry, NE (8 mi); Lingle, WY (10 mi); Yoder, WY (12 mi) (US Census Bureau).
What a personal loan costs in Torrington
A personal loan is an installment loan: you receive a lump sum and repay it in fixed monthly payments over a set term, usually two to seven years.
The APR is the comparable price of a loan since it folds in fees; model any offer with the personal loan calculator first.
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.
Wyoming lending rules that apply in Torrington
Every figure in the table below is sourced to a publisher with a date; where a state does not publish a number, we say so rather than estimate.
| Rule | Detail | Source |
|---|---|---|
| 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 status | Legal 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 licensing | Consumer 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 regulator | Wyoming 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 Torrington
These steps are the ones that most affect the offer you receive in Torrington:
- 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 Wyoming using the regulator named above.
- Read the disclosure for origination fees and any prepayment penalty before you sign.