Ceredo at a glance
- Population: 1,341 — 82nd in West Virginia, which has 230 Census places (US Census Bureau, Vintage 2023).
- 2020 Census base: the 2020 count put the population at 1,408 (US Census Bureau).
- 2020 to 2023 change: about 4.8% below the 2020 Census base (US Census Bureau).
- Rank among West Virginia places: the 82nd-largest of 230 (US Census Bureau, 2023 estimate).
- Size percentile: roughly 64% of places in West Virginia rank below it by population (US Census Bureau).
- Coordinates: 38.3957 / -82.5484, per the US Census Bureau Gazetteer.
- Nearest larger cities: Kenova, WV (2 mi); South Point, OH (2 mi); Catlettsburg, KY (3 mi); Huntington, WV (6 mi); Ashland, KY (7 mi); US Census Bureau population estimates.
- Nearest smaller towns: Chesapeake, OH (5 mi); Proctorville, OH (9 mi); Bellefonte, KY (10 mi) (US Census Bureau).
What a personal loan costs in Ceredo
A personal loan hands you a single sum and a repayment schedule of equal monthly installments over an agreed term.
Judge an offer by its APR, which blends the interest rate with fees, and use the personal loan calculator to see the total cost.
Your credit, income and existing debts drive the rate a lender offers, while the term you pick sets how much interest builds on top.
If you are consolidating debt, the loan only helps if you stop adding to the balances it clears; otherwise the total debt grows.
West Virginia lending rules that apply in Ceredo
Each row below is a West Virginia rule with its publisher and the date it was retrieved.
| Rule | Detail | Source |
|---|---|---|
| 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 |
| 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 |
How to compare offers in Ceredo
These steps are the ones that most affect the offer you receive in Ceredo:
- 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.