Wells at a glance
- Population: the Census estimates 879 residents, ranking 838th of 1,224 places in Texas (Vintage 2023).
- 2020 Census base: the 2020 count put the population at 855 (US Census Bureau).
- 2020 to 2023 change: roughly 2.8% higher than at the 2020 Census (US Census Bureau).
- Rank among Texas places: 838th largest of 1,224 (US Census Bureau).
- Size percentile: ahead of around 32% of Texas places in population terms (US Census Bureau).
- Coordinates: 31.4916 latitude, -94.9473 longitude (US Census Bureau Gazetteer).
- Nearest larger cities: Alto, TX (13 mi); Hudson, TX (15 mi); Lufkin, TX (17 mi); Nacogdoches, TX (19 mi); Diboll, TX (23 mi); US Census Bureau population estimates.
- Smaller places close by: Kennard, TX (17 mi); Burke, TX (21 mi); Cushing, TX (23 mi) (US Census Bureau).
What a personal loan costs in Wells
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.
Compare offers on APR rather than the headline rate — the APR includes most fees, and you can model the total with our personal loan calculator.
Choosing a longer term eases the monthly budget but adds interest over the life of the loan; a shorter term costs more per month and less overall.
Pre-qualifying with several lenders takes minutes, uses a soft pull, and gives you real numbers to compare before any hard inquiry.
Texas lending rules that apply in Wells
Read the table as the compliance picture for a lender serving Wells: label, sourced figure, publisher and date.
| Rule | Detail | Source |
|---|---|---|
| Small-loan / installment lender licensing | License required for non-depository lenders charging more than 10% interest; Chapter 342 governs consumer loans (Tex. Fin. Code § 342.051) Source says: Non-depository lenders who engage in making, transacting, or collecting loans with a rate of interest greater than 10% must be licensed by the OCCC. | Texas Office of Consumer Credit Commissioner (OCCC) as of 2026-09-16 |
| State lending regulator | Texas Office of Consumer Credit Commissioner (OCCC) Source says: The OCCC licenses and regulates non-depository lenders in the state of Texas. | Texas Office of Consumer Credit Commissioner (OCCC) as of 2026-09-16 |
| Maximum legal interest rate (usury cap) | 10% per year maximum; a greater rate is usurious unless otherwise provided by law (Tex. Fin. Code § 302.001) Source says: The maximum rate or amount of interest is 10 percent a year except as otherwise provided by law. | Texas Legislature (Texas Constitution and Statutes) as of 2026-09-16 |
| Payday lending status | Legal via licensed credit access businesses (payday/title-loan brokers); the third-party lender itself is not licensed (Tex. Fin. Code ch. 393) Source says: the credit access business that serves as the broker is the licensee in this regulated industry | Texas Office of Consumer Credit Commissioner (OCCC) as of 2026-09-16 |
How to compare offers in Wells
Before you share your details with a lender in 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 Texas using the regulator named above.
- Read the disclosure for origination fees and any prepayment penalty before you sign.