Schofield at a glance
- Population: about 2,154 residents, ranking 255th of 605 Census places in Wisconsin (US Census Bureau, Vintage 2023 subcounty estimate).
- 2020 Census base: 2,158 residents (US Census Bureau, 2020 Census).
- 2020 to 2023 change: population fell about 0.2% (US Census Bureau Vintage 2023 estimate vs 2020 Census).
- Rank among Wisconsin places: 255th in population of 605 places (US Census Bureau).
- Size percentile: ahead of around 58% of Wisconsin places in population terms (US Census Bureau).
- Coordinates: 44.9133, -89.6215 (Census Gazetteer, US Census Bureau).
- Nearest larger cities: Rothschild, WI (3 mi); Wausau, WI (4 mi); Weston, WI (4 mi); Kronenwetter, WI (7 mi); Mosinee, WI (9 mi); US Census Bureau population estimates.
- Smaller towns nearby: Marathon City, WI (11 mi); Hatley, WI (14 mi); Edgar, WI (17 mi) (US Census Bureau).
What a personal loan costs in Schofield
With an installment loan the payment is fixed for the life of the loan, so the schedule is predictable from the first month to the last.
The APR is the comparable price of a loan since it folds in fees; model any offer with the personal loan calculator first.
A longer repayment period spreads the cost and increases the interest paid, so compare total cost, not just the monthly figure.
Most lenders offer pre-qualification with a soft credit pull, so you can see an estimated rate and amount without affecting your credit score.
Wisconsin lending rules that apply in Schofield
Where a figure is not published by the state, the row points to the source instead of guessing.
| 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 Schofield
Before you share your details with a lender in Schofield:
- 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.