Hackett at a glance
- Population: about 845 residents, ranking 197th of 500 Census places in Arkansas (US Census Bureau, Vintage 2023 subcounty estimate).
- 2020 Census base: 781 residents in the 2020 Census, per the US Census Bureau.
- 2020 to 2023 change: an increase of about 8.2% since the 2020 count (US Census Bureau).
- Rank among Arkansas places: 197th-largest of 500 (US Census Bureau, Vintage 2023 estimate).
- Size percentile: larger than about 61% of the Census places in Arkansas (US Census Bureau).
- Coordinates: 35.1880 latitude, -94.4103 longitude (US Census Bureau Gazetteer).
- Nearest larger cities: Pocola, OK (5 mi); Greenwood, AR (10 mi); Arkoma, OK (10 mi); Fort Smith, AR (11 mi); Barling, AR (12 mi) — straight-line distances, US Census Bureau populations.
- Nearest smaller towns: Bonanza, AR (3 mi); Rock Island, OK (4 mi); Midland, AR (7 mi) (US Census Bureau).
What a personal loan costs in Hackett
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.
Two loans can share an interest rate and still differ in APR once fees are counted, so compare APR; our personal loan calculator shows the difference over the full term.
The term is the lever: extend it and the payment falls while total interest climbs; shorten it and the reverse happens.
Pre-qualifying with several lenders takes minutes, uses a soft pull, and gives you real numbers to compare before any hard inquiry.
Arkansas lending rules that apply in Hackett
The Arkansas rate caps and licensing rules that reach Hackett are listed below, each with its source and retrieval date.
| Rule | Detail | Source |
|---|---|---|
| Payday lending status | Not permitted — all storefront payday lending eliminated; the Attorney General has worked to eliminate all forms of payday lending since 2008 Source says: "the Attorney General's office has worked to eliminate all forms of payday lending in Arkansas"; "all storefront payday loan operations in Arkansas have been shut down". | Arkansas Attorney General — Consumer Protection Division as of 2026-09-16 |
| Small-loan / installment lender licensing | See the latest published figure value_text left null: the State Bank Department does not publish a consumer small-loan license rate schedule that could be verified; storefront payday lending has been eliminated (see Payday lending status). See the linked regulator page for the licensee categories it supervises. | Arkansas State Bank Department as of 2026-09-16 |
| State lending regulator | Arkansas State Bank Department Source says: "The Department is charged with regulating state-chartered commercial banks with main offices in Arkansas". | Arkansas State Bank Department as of 2026-09-16 |
| Maximum legal interest rate (usury cap) | 17% per annum for loans not made by or to governmental units or by federally insured depository institutions (Amendment 89, effective January 1, 2011) Source says: "shall not exceed seventeen percent (17%) per annum". | Arkansas Legislature — Arkansas Constitution, Amendment 89, § 3 (proposed by H.J.R. 1004 of 2009) as of 2026-09-16 |
How to compare offers in Hackett
These steps are the ones that most affect the offer you receive in Hackett:
- 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 Arkansas using the regulator named above.
- Read the disclosure for origination fees and any prepayment penalty before you sign.