Cumberland at a glance
- Population: about 2,304 residents, ranking 244th of 605 Census places in Wisconsin (US Census Bureau, Vintage 2023 subcounty estimate).
- 2020 Census base: 2,271 residents in the 2020 Census, per the US Census Bureau.
- 2020 to 2023 change: an increase of about 1.5% since the 2020 count (US Census Bureau).
- Rank among Wisconsin places: the 244th-largest of 605 (US Census Bureau, 2023 estimate).
- Size percentile: about 60% of places in Wisconsin are smaller (US Census Bureau).
- Coordinates: 45.5361 latitude, -92.0248 longitude (US Census Bureau Gazetteer).
- Nearest larger cities (within 120 miles): Barron, WI (13 mi); Rice Lake, WI (14 mi); Spooner, WI (21 mi); Amery, WI (23 mi); Osceola, WI (36 mi) (US Census Bureau populations).
- Nearest smaller towns: Almena, WI (8 mi); Turtle Lake, WI (12 mi); Haugen, WI (13 mi) — US Census Bureau populations.
What a personal loan costs in Cumberland
The defining feature of a personal loan is the fixed installment: the same payment every month until the term ends.
Judge an offer by its APR, which blends the interest rate with fees, and use the personal loan calculator to see the total cost.
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.
Pre-qualifying with several lenders takes minutes, uses a soft pull, and gives you real numbers to compare before any hard inquiry.
Wisconsin lending rules that apply in Cumberland
Each row below is a Wisconsin rule with its publisher and the date it was retrieved.
| Rule | Detail | Source |
|---|---|---|
| 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 |
| 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 |
How to compare offers in Cumberland
Run through this list before signing anything in Cumberland:
- 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.