Phillips at a glance
- Population: roughly 1,516 people; 302nd of 605 places in Wisconsin (Census Vintage 2023 subcounty estimate).
- 2020 Census base: 1,529 residents at the 2020 Census (US Census Bureau, 2020 count).
- 2020 to 2023 change: about 0.9% below the 2020 Census base (US Census Bureau).
- Rank among Wisconsin places: 302nd-largest of 605 (US Census Bureau, Vintage 2023 estimate).
- Size percentile: larger than about 50% of the Census places in Wisconsin (US Census Bureau).
- Coordinates: latitude 45.6940, longitude -90.4014 (US Census Bureau Gazetteer).
- Nearest larger cities: Park Falls, WI (17 mi); Tomahawk, WI (37 mi); Ladysmith, WI (37 mi); Medford, WI (39 mi); Rhinelander, WI (47 mi); each population is a US Census Bureau estimate.
- Nearest smaller places: Prentice, WI (12 mi); Catawba, WI (13 mi); Kennan, WI (14 mi) (US Census Bureau estimates).
What a personal loan costs in Phillips
Most personal loans are unsecured, meaning no collateral is pledged, and they are repaid in equal installments over a fixed term.
APR is the figure that lets you compare like with like, since it wraps fees into the rate; run your own numbers with the personal loan calculator.
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.
Wisconsin lending rules that apply in Phillips
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 |
|---|---|---|
| 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 |
| 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 |
How to compare offers in Phillips
Here is a short checklist for comparing personal loans in Phillips:
- 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.