Paddock Lake at a glance
- Population: 2,986 residents, the 213th-largest of 605 places in Wisconsin (US Census Bureau, Vintage 2023).
- 2020 Census base: 2,922 people (US Census Bureau, 2020 Census count).
- 2020 to 2023 change: about 2.2% more residents than the 2020 Census base (US Census Bureau).
- Rank among Wisconsin places: the 213th-largest of 605 (US Census Bureau, 2023 estimate).
- Size percentile: roughly 65% of places in Wisconsin rank below it by population (US Census Bureau).
- Coordinates: 42.5705 / -88.1068, per the US Census Bureau Gazetteer.
- Nearest larger cities: Salem Lakes, WI (3 mi); Bristol, WI (6 mi); Antioch, IL (7 mi); Twin Lakes, WI (8 mi); Union Grove, WI (9 mi) (Census populations, approximate straight-line distance).
- Smaller places close by: Old Mill Creek, IL (11 mi); Genoa City, WI (12 mi); Richmond, IL (13 mi) (US Census Bureau).
What a personal loan costs in Paddock Lake
Personal loans are installment credit — one lump sum, repaid in equal monthly installments across a fixed term you agree to up front.
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.
A longer repayment period spreads the cost and increases the interest paid, so compare total cost, not just the monthly figure.
A payment that strains the budget is a warning sign; a smaller loan or a little more saving time is the safer route.
Wisconsin lending rules that apply in Paddock Lake
The sourced rows below are the rules a licensed lender must follow when lending in Wisconsin, and therefore in Paddock Lake.
| Rule | Detail | Source |
|---|---|---|
| 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 |
| 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 |
How to compare offers in Paddock Lake
Before you share your details with a lender in Paddock Lake:
- 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.