Personal loans in Clayton, NM

Local context for Clayton

Here is the sourced Census picture for Clayton, plus the New Mexico lending rules that apply to a loan taken out here.

• Population: an estimated 2,581 residents, 42nd of 105 places in New Mexico (Census Vintage 2023 subcounty estimate).
• Population trend: A loss of roughly 2.8% between 2020 and 2023.
• People gained or lost: about 73 fewer since the 2020 base.
• Size percentile: Clayton's 2,581 people outrank roughly 60% of the places in New Mexico.
• Land and density: 7.8 square miles of land carry roughly 331 residents per square mile.
• Land area rank: Clayton's 7.8 square miles rank 36th of 105 places in New Mexico.
• Water area rank: Clayton ranks 31st among New Mexico's 105 places, with 0.03 sq mi.
• State share: roughly 0.2% of New Mexico's residents live in Clayton (2,581 people).
• National standing: Clayton ranks 6,747th of 19,457 US places.
• Growth in New Mexico: Clayton stands 84th by percentage change from 2020 to 2023, among 105 places.
• Against the state trend: Clayton's 2.8% change compares with a New Mexico average of -0.8% across its 105 places.
• Density in New Mexico: Clayton ranks 68th by people per square mile.
• Density in context: Clayton's 331 people per square mile sit against a New Mexico median of 475.
• Location: 36.4460, -103.1489 (US Census Bureau Gazetteer).
• Nearest larger cities: Dalhart (44 mi); Cactus (69 mi); Dumas (77 mi); Raton (78 mi); Trinidad (90 mi). A branch is convenient; it is not what sets your APR.
• Smaller places nearby: Texline (9 mi); Grenville (28 mi); Boise City (41 mi).
• Smaller places within 50 miles: 4 of them.
• At 100 miles: 7 larger Census places fall inside that radius.

How lenders reach Clayton

With about 331 residents per square mile, Clayton is lightly settled, and 1 larger Census places sit within 50 miles. Lenders licensed in New Mexico reach Clayton's 2,581 residents online, so the nearest branch is not what sets your APR. For a larger market, the closest option is Dalhart, TX about 44 miles away.

Clayton: area, density and distance

The Census Gazetteer records 7.8 square miles of land and 0.03 square miles of water within Clayton. With 2,581 residents, the land area yields roughly 331 people per square mile. For the state's biggest city, Albuquerque, the distance is roughly 217 miles. Within 50 miles of Clayton there are 1 larger Census places. The 100-mile radius contains 7 larger places.

New Mexico rules behind a Clayton personal loan

This table holds the New Mexico rate and licensing rules for consumer loans made to Clayton's 2,581 residents.

Steps to take before a Clayton loan

Complete these steps first when you borrow in Clayton (2,581 residents):

1. Get your credit reports, dispute what is wrong, and only then start shopping.
2. Price the payment first with our personal loan calculator before any lender quotes you.
3. Line up several pre-qualified offers and let the APR decide.
4. Confirm the New Mexico licence with the regulator named above before committing.
5. Decide the purpose and how you will repay it before approaching any lender.
6. When debt already feels heavy, a nonprofit credit counsellor is worth a call first.
7. Look for an origination fee or prepayment penalty in the written disclosure.

The process is identical across New Mexico; what changes is your credit file, not the fact that Clayton holds 2,581 people.

The anatomy of a Clayton personal loan

Clayton is a small community of about 2,581 people, and the personal loans written here are mostly unsecured — no collateral, so the lender leans on your credit file. A lender serving Clayton's 2,581 residents must disclose the APR and finance charge in writing before you sign. Because the payment is fixed, the total cost of a Clayton loan is knowable in advance — unlike a revolving card balance.