Gassaway at a glance
- Population: the Census estimates 734 residents, ranking 120th of 230 places in West Virginia (Vintage 2023).
- 2020 Census base: 759 people counted in the 2020 Census (US Census Bureau).
- 2020 to 2023 change: about 3.3% below the 2020 Census base (US Census Bureau).
- Rank among West Virginia places: 120th largest of 230 (US Census Bureau).
- Size percentile: about 48% of West Virginia's Census places are smaller (US Census Bureau).
- Coordinates: it sits at 38.6667, -80.7704 in the US Census Bureau Gazetteer.
- Nearest larger cities within 120 miles: Sutton, WV (3 mi); Glenville, WV (19 mi); Summersville, WV (27 mi); Weston, WV (31 mi); Spencer, WV (33 mi) (US Census Bureau).
- Nearest smaller towns: Flatwoods, WV (7 mi); Burnsville, WV (15 mi); Sand Fork, WV (17 mi) (US Census Bureau).
What a personal loan costs in Gassaway
Unlike a revolving credit card, a personal loan is closed-end: the balance falls on a fixed schedule and the payment does not change.
The advertised interest rate leaves out fees that the APR captures, which is why APR is the number to weigh; try the personal loan calculator before you apply.
Your credit, income and existing debts drive the rate a lender offers, while the term you pick sets how much interest builds on top.
Pre-qualification is a good first filter: it shows the rate and amount a lender may offer before you agree to a full application and a hard inquiry.
West Virginia lending rules that apply in Gassaway
The table carries the West Virginia rate and licensing rules that apply to consumer loans made in Gassaway.
| 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 Gassaway
Here is a short checklist for comparing personal loans in Gassaway:
- 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.