Davy at a glance
- Population: about 189, 205th by size in West Virginia of 230 places (Census Vintage 2023 subcounty estimate).
- 2020 Census base: 209 people (US Census Bureau, 2020 Census count).
- 2020 to 2023 change: a loss of about 9.6% since the 2020 count (US Census Bureau).
- Rank among West Virginia places: 205th of the state's 230 Census places (US Census Bureau).
- Size percentile: about 11% of places in West Virginia are smaller (US Census Bureau).
- Coordinates: 37.4776, -81.6419 (Census Gazetteer, US Census Bureau).
- Nearest larger cities (within 120 miles): Welch, WV (4 mi); Kimball, WV (8 mi); Iaeger, WV (9 mi); Pineville, WV (9 mi); Gary, WV (10 mi) (US Census Bureau populations).
- Nearest smaller towns: Keystone, WV (12 mi); Bradshaw, WV (12 mi); Anawalt, WV (15 mi) — US Census Bureau populations.
What a personal loan costs in Davy
Most personal loans are unsecured, meaning no collateral is pledged, and they are repaid in equal installments over a fixed term.
Two loans can share an interest rate and still differ in APR once fees are counted, so compare APR; our personal loan calculator shows the difference over the full term.
The term is the lever: extend it and the payment falls while total interest climbs; shorten it and the reverse happens.
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 Davy
The sourced rows below are the rules a licensed lender must follow when lending in West Virginia, and therefore in Davy.
| Rule | Detail | Source |
|---|---|---|
| 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 |
| 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 |
How to compare offers in Davy
Before you share your details with a lender in Davy:
- 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.