Mabscott at a glance
- Population: 1,282 (US Census Bureau, Vintage 2023 subcounty estimate), the 87th-largest of 230 places in West Virginia.
- 2020 Census base: 1,339 residents at the 2020 Census (US Census Bureau, 2020 count).
- 2020 to 2023 change: a decline of roughly 4.3% between the 2020 count and the 2023 estimate (US Census Bureau).
- Rank among West Virginia places: 87th by size among 230 communities (US Census Bureau).
- Size percentile: about 62% of places in West Virginia are smaller (US Census Bureau).
- Coordinates: 37.7690 latitude, -81.2133 longitude (US Census Bureau Gazetteer).
- Nearest larger cities: Beckley, WV (3 mi); Oak Hill, WV (15 mi); Mullens, WV (16 mi); Hinton, WV (19 mi); Fayetteville, WV (21 mi), each a US Census place with its estimated population.
- Smaller towns nearby: Sophia, WV (5 mi); Lester, WV (6 mi); Mount Hope, WV (9 mi) (US Census Bureau).
What a personal loan costs in Mabscott
Personal loans are closed-end installment debt, so the monthly payment and the payoff date are known from the start.
Judge an offer by its APR, which blends the interest rate with fees, and use the personal loan calculator to see the total cost.
Because interest accrues for longer, a longer term means a lower installment and a higher total cost — decide which matters more to you.
A payment that strains the budget is a warning sign; a smaller loan or a little more saving time is the safer route.
West Virginia lending rules that apply in Mabscott
Every figure in the table below is sourced to a publisher with a date; where a state does not publish a number, we say so rather than estimate.
| 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 Mabscott
A few practical steps will make the process in Mabscott 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 West Virginia using the regulator named above.
- Read the disclosure for origination fees and any prepayment penalty before you sign.