Lott at a glance
- Population: a Census-estimated 668, placing it 917th among Texas's 1,224 places (Vintage 2023 subcounty estimate).
- 2020 Census base: 645 residents (US Census Bureau, 2020 Census).
- 2020 to 2023 change: up about 3.6% from the 2020 Census base to the 2023 estimate (US Census Bureau).
- Rank among Texas places: 917th by size among 1,224 communities (US Census Bureau).
- Size percentile: about 25% of places in Texas are smaller (US Census Bureau).
- Coordinates: the Census Gazetteer places it at 31.2063, -97.0336.
- Nearest larger cities within 120 miles: Rosebud, TX (10 mi); Marlin, TX (11 mi); Golinda, TX (11 mi); Bruceville-Eddy, TX (15 mi); Troy, TX (16 mi) (US Census Bureau).
- Nearest smaller communities: Hallsburg, TX (23 mi); Buckholts, TX (24 mi); Kosse, TX (25 mi), each a US Census place.
What a personal loan costs in Lott
The defining feature of a personal loan is the fixed installment: the same payment every month until the term ends.
The number to compare is the APR, not the interest rate, because the APR folds in origination fees and other charges; our personal loan calculator will show what a given amount and term would cost.
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 Lott
The sourced rows below are the rules a licensed lender must follow when lending in Texas, and therefore in Lott.
| Rule | Detail | Source |
|---|---|---|
| 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 |
| 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 |
How to compare offers in Lott
These steps are the ones that most affect the offer you receive in Lott:
- 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.