Hallwood at a glance
- Population: about 205 residents, ranking 210th of 227 Census places in Virginia (US Census Bureau, Vintage 2023 subcounty estimate).
- 2020 Census base: 205 residents (US Census Bureau, 2020 Census).
- 2020 to 2023 change: about the same as at the 2020 Census (US Census Bureau).
- Rank among Virginia places: 210th of 227 by population (US Census Bureau, Vintage 2023).
- Size percentile: about 7% of Virginia's Census places are smaller (US Census Bureau).
- Coordinates: it sits at 37.8774, -75.5895 in the US Census Bureau Gazetteer.
- Nearest larger cities (120-mile radius): Bloxom, VA (4 mi); Parksley, VA (7 mi); Accomac, VA (12 mi); Pocomoke City, MD (13 mi); Chincoteague, VA (14 mi) (US Census Bureau).
- Smaller places nearby: Saxis, VA (8 mi); Keller, VA (20 mi); Galestown, MD (48 mi), per US Census Bureau estimates.
What a personal loan costs in Hallwood
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.
APR, not the simple interest rate, reflects what the loan actually costs once fees are included; the personal loan calculator puts a figure on it.
The term is the lever: extend it and the payment falls while total interest climbs; shorten it and the reverse happens.
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.
Virginia lending rules that apply in Hallwood
The sourced rows below are the rules a licensed lender must follow when lending in Virginia, and therefore in Hallwood.
| Rule | Detail | Source |
|---|---|---|
| State lending regulator | Virginia State Corporation Commission, Bureau of Financial Institutions (BFI) Source says: The Bureau of Financial Institutions (BFI) is a regulatory division of the Virginia State Corporation Commission (SCC.) | Virginia State Corporation Commission (SCC) as of 2026-09-16 |
| Maximum legal interest rate (usury cap) | 12% per year maximum contract rate, except as otherwise permitted by law (Va. Code § 6.2-303) Source says: no contract shall be made for the payment of interest on a loan at a rate that exceeds 12 percent per year | Virginia General Assembly (Code of Virginia) as of 2026-09-16 |
| Payday lending status | Legal via licensed short-term lenders; interest capped at a 36% simple annual rate plus limited fees (Va. Code § 6.2-1817) Source says: Interest at a simple annual rate not to exceed 36 percent | Virginia General Assembly (Code of Virginia) as of 2026-09-16 |
| Small-loan / installment lender licensing | Consumer finance license required from the State Corporation Commission (Va. Code § 6.2-1501) Source says: No person shall engage in the business of making loans to individuals for personal, family, household, or other nonbusiness purposes | Virginia General Assembly (Code of Virginia) as of 2026-09-16 |
How to compare offers in Hallwood
A few practical steps will make the process in Hallwood less costly:
- 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 Virginia using the regulator named above.
- Read the disclosure for origination fees and any prepayment penalty before you sign.