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Personal loans in Forbes, ND

The roughly 38 people who live in Forbes borrow under North Dakota rules; city hall sets no personal-loan rate. Population in Forbes dropped about 2.6% over the three years from 2020 to 2023. The Census estimates 38 residents in Forbes, which ranks it 295th of 355 places in North Dakota. Work out your debt-to-income ratio first; lenders weigh it heavily, and Forbes's 38 residents are no exception. Lenders active in Forbes report to a North Dakota supervisor, identified in the sourced rows below. The nearest larger metro is Ellendale, ND about 13 miles away.

By the Personalloaner Editorial Team · Last updated 2026-09-16

Compare loan offers Run the numbers first

How we get paid: if you apply through the link above, a lending partner may send us a referral fee. It never changes the rate you are offered or what we publish. We are not a lender and we do not process applications. The lowest rates are only available to the most qualified applicants. Full disclosure.

Borrowing in Forbes: the local picture

What follows is Forbes's place in the Census record, alongside the North Dakota rules that govern a personal loan made here.

Forbes's place among North Dakota's 355 places

Set beside North Dakota's 355 places, Forbes ranks 295th by population and holds about 0.0% of the state total. For population change between 2020 and 2023, Forbes ranks 221st of 355 in North Dakota (about the 38th percentile). At about 157 people per square mile, Forbes is the 267th most densely settled place in North Dakota. By land area, its 0.2 square miles rank 294th of 355 places in North Dakota.

Forbes: area, density and distance

Forbes's land area is roughly 0.2 square miles, and the Gazetteer records no significant water area within it. Spread across it are roughly 157 residents per square mile. Fargo, the largest place in North Dakota, is about 113 miles from Forbes. Counting outward 50 miles, 27 larger communities surround Forbes. The 100-mile radius contains 141 larger places.

Steps to take before a Forbes loan

For Forbes's roughly 38 residents, these are the steps that most influence the offer:

  1. Order your free credit reports and dispute anything inaccurate — it is the cheapest way to move the rate you are offered.
  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. Check the North Dakota regulator's records to confirm the lender is licensed here.
  5. Make sure the new payment leaves room in a budget you already keep.
  6. Pick the shortest term whose payment you can comfortably afford.
  7. Do not borrow more than the expense calls for, even if a lender approves a larger amount.

What differs between Forbes and the rest of North Dakota is not the process but the borrower's own file, among the 38 people here.

The anatomy of a Forbes personal loan

Forbes is a small community of about 38 people, and the personal loans written here are mostly unsecured — no collateral, so the lender leans on your credit file. Two numbers drive a Forbes loan: the APR, which includes fees, and the term, which decides how long you keep paying. Because the payment is fixed, the total cost of a Forbes loan is knowable in advance — unlike a revolving card balance.

North Dakota rules behind a Forbes personal loan

Every row below records a North Dakota rule, its publisher and its retrieval date — the same rules a Forbes lender must follow.

RuleDetailSource
State lending regulatorNorth Dakota Department of Financial Institutions (NDDFI)
Source says: "The Department also licenses and regulates Money Brokers... Deferred Presentment Service Providers (Payday Lenders), Collection Agencies, Debt Settlement Service Providers, and Money Transmitters."		North Dakota Department of Financial Institutions
as of 2026-09-16
Small-loan / installment lender licensingMoney broker license required to engage in money brokering (arranging/providing loans); issued by the commissioner of financial institutions.
Source says: "may not engage in money brokering in the state of North Dakota without a money broker license issued by the commissioner" (N.D.C.C. 13-04.1-02).		North Dakota Legislative Branch
as of 2026-09-16
Usury penalties (state-specific rule)Usury forfeits all interest plus 25% of principal; charging usurious interest is a class B misdemeanor.
Source says: "shall be deemed a forfeiture of the entire interest" and "a forfeiture of twenty-five percent of the principal" (N.D.C.C. 47-14-10); usury is a class B misdemeanor (47-14-11).		North Dakota Legislative Branch
as of 2026-09-16
Compare personal loan offers Run the numbers first

How we get paid: if you apply through the link above, a lending partner may send us a referral fee. It never changes the rate you are offered or what we publish. We are not a lender and we do not process applications. The lowest rates are only available to the most qualified applicants. Full disclosure.

Common questions

What are my options in Forbes if my credit is poor?
Borrowing is still possible, but expect a higher APR and a smaller approved amount. Lenders that accept lower scores hold statewide licences, so what is open to you in Forbes is the same as anywhere in North Dakota.
What loan size can I expect in Forbes?
Most personal loans sit somewhere between $1,000 and $50,000, though the figure you are approved for turns on the lender, your income and your credit. Model the monthly payment first with our personal loan calculator.
Do I have to pledge anything to borrow in Forbes?
For an unsecured personal loan, no — there is nothing to pledge. A secured loan, such as home equity or one secured by a vehicle, does require collateral, and default puts that asset at risk.
Does comparing loans in Forbes cost me credit score points?
Not during pre-qualification, which normally uses a soft pull and leaves your score alone. Submitting a full application triggers a hard inquiry, which can trim a few points briefly.

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