Wellington at a glance
- Population: 1,821 people, the 637th-largest place among Texas's 1,224 Census places (US Census Bureau, Vintage 2023).
- 2020 Census base: 1,890 residents (US Census Bureau, 2020 Census).
- 2020 to 2023 change: a loss of about 3.7% since the 2020 count (US Census Bureau).
- Rank among Texas places: 637th largest of 1,224 (US Census Bureau).
- Size percentile: it exceeds roughly 48% of Texas's Census places by population (US Census Bureau).
- Coordinates: 34.8538, -100.2140 (Census Gazetteer, US Census Bureau).
- Nearest larger cities: Memphis, TX (21 mi); Childress, TX (29 mi); Clarendon, TX (39 mi); Mangum, OK (40 mi); Sayre, OK (45 mi); each population is a US Census Bureau estimate.
- Smaller towns nearby: Dodson, TX (13 mi); Hollis, OK (20 mi); Estelline, TX (25 mi) (US Census Bureau).
What a personal loan costs in Wellington
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.
Compare every quote on APR because it includes the fees the interest rate hides, and check the payment with our personal loan calculator.
A lender weighs your credit profile, income and debts when setting the rate, and a longer term lowers the payment at the cost of more interest overall.
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.
Texas lending rules that apply in Wellington
The table carries the Texas rate and licensing rules that apply to consumer loans made in Wellington.
| Rule | Detail | Source |
|---|---|---|
| Small-loan / installment lender licensing | License required for non-depository lenders charging more than 10% interest; Chapter 342 governs consumer loans (Tex. Fin. Code § 342.051) Source says: Non-depository lenders who engage in making, transacting, or collecting loans with a rate of interest greater than 10% must be licensed by the OCCC. | Texas Office of Consumer Credit Commissioner (OCCC) as of 2026-09-16 |
| State lending regulator | Texas Office of Consumer Credit Commissioner (OCCC) Source says: The OCCC licenses and regulates non-depository lenders in the state of Texas. | Texas Office of Consumer Credit Commissioner (OCCC) as of 2026-09-16 |
| Maximum legal interest rate (usury cap) | 10% per year maximum; a greater rate is usurious unless otherwise provided by law (Tex. Fin. Code § 302.001) Source says: The maximum rate or amount of interest is 10 percent a year except as otherwise provided by law. | Texas Legislature (Texas Constitution and Statutes) as of 2026-09-16 |
| Payday lending status | Legal via licensed credit access businesses (payday/title-loan brokers); the third-party lender itself is not licensed (Tex. Fin. Code ch. 393) Source says: the credit access business that serves as the broker is the licensee in this regulated industry | Texas Office of Consumer Credit Commissioner (OCCC) as of 2026-09-16 |
How to compare offers in Wellington
The steps below are worth completing first when you borrow in Wellington:
- 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 Texas using the regulator named above.
- Read the disclosure for origination fees and any prepayment penalty before you sign.