Personal loans in Colfax, ND

A larger market lies at Walcott, ND about 6 miles away. The 2020 count to the 2023 estimate shows about 20.2% growth in Colfax. For the 202 people in Colfax, North Dakota runs its own consumer-lending licensing, and the sourced table below lists the figures that apply. If debt is already a strain, a nonprofit credit counsellor can help Colfax residents before they take on more.

Where Colfax stands

Most of what governs a Colfax loan is written in North Dakota law rather than in the city; the sourced notes below make that split concrete.

• Population: an estimated 202 residents, 157th of 355 places in North Dakota (Census Vintage 2023 subcounty estimate).
• Population trend: Roughly 20.2% more residents than the 2020 Census counted.
• People gained or lost: about 34 more since the 2020 base.
• Size percentile: Colfax sits ahead of around 56% of North Dakota places, at 202 people.
• Population density: 200 people per square mile on 1.0 square miles of land.
• Land area: Colfax covers 1.0 square miles, the 106th-largest area among North Dakota's 355 places.
• State share: roughly 0.0% of North Dakota's residents live in Colfax (202 people).
• National rank: Colfax sits 16,452nd by population among the 19,457 places in this dataset.
• Growth rank: Colfax's 2020-to-2023 change ranks 4th of 355 places in North Dakota.
• Against the state trend: Colfax's 20.2% change compares with a North Dakota average of -1.2% across its 355 places.
• Density rank: Colfax places 248th among North Dakota's places by people per square mile.
• Against the state median: Colfax runs about 200 residents per square mile, where the North Dakota median is 352.
• Location: latitude 46.4709, longitude -96.8725 (Census Gazetteer).
• Nearest larger cities: Walcott (6 mi); Abercrombie (7 mi); Oxbow (14 mi); Kindred (14 mi); Wahpeton (19 mi). Living near a larger metro rarely changes what is available in Colfax.
• Smaller towns nearby: Christine (8 mi); Wolverton (9 mi); Kent (9 mi).
• Smaller neighbours: 38 places smaller than Colfax sit within 50 miles.
• Within 100 miles: 143 places are larger than Colfax.

How North Dakota law applies in Colfax

North Dakota has no separate rate rule for Colfax; the sourced rows below are what reach every lender that serves its 202 people.

How lenders reach Colfax

Colfax is lightly settled, with about 200 people per square mile and 42 larger places within 50 miles. Whether Colfax has a local branch or not, a North Dakota-licensed lender can serve its 202 people online on the same terms. For a larger market, the closest option is Walcott, ND about 6 miles away.

The geography behind Colfax

Colfax's land area is roughly 1.0 square miles, and the Gazetteer records no significant water area within it. That land carries about 200 people per square mile. The largest place in North Dakota, Fargo, lies about 27 miles away. Within 50 miles of Colfax there are 42 larger Census places. By land area it ranks 106th of 355 North Dakota places.

How a Colfax personal loan is priced

Colfax is a small community of about 202 people, and the personal loans written here are mostly unsecured — no collateral, so the lender leans on your credit file. The rate you see advertised is a range, not a promise, until a lender reviews your file in Colfax. A longer term lowers the monthly payment on a Colfax loan but raises total interest, so the smallest payment is not the cheapest loan.

A pre-application checklist for Colfax

A sensible order of operations for a loan in Colfax, home to about 202 people:

1. Order your free credit reports and dispute anything inaccurate — it is the cheapest way to move the rate you are offered.
2. Model the payment on the calculator before a lender models it for you.
3. Gather at least three pre-qualified offers and line up the APR, not the headline rate.
4. Look the lender up in the North Dakota regulator's licence records before you sign.
5. Look for an origination fee or prepayment penalty in the written disclosure.
6. Make sure the new payment leaves room in a budget you already keep.
7. Weigh a shorter term's higher payment against the interest it saves.

The process is identical across North Dakota; what changes is your credit file, not the fact that Colfax holds 202 people.