O'Donnell at a glance
- Population: 724 (US Census Bureau, Vintage 2023 subcounty estimate), the 897th-largest of 1,224 places in Texas.
- 2020 Census base: 709 people counted in the 2020 Census (US Census Bureau).
- 2020 to 2023 change: a gain of roughly 2.1% between the 2020 count and the 2023 estimate (US Census Bureau).
- Rank among Texas places: 897th largest of 1,224 (US Census Bureau).
- Size percentile: about 27% of Texas's Census places are smaller (US Census Bureau).
- Coordinates: latitude 32.9652, longitude -101.8308 (US Census Bureau Gazetteer).
- Nearest larger cities: Tahoka, TX (14 mi); Lamesa, TX (18 mi); Brownfield, TX (29 mi); Post, TX (30 mi); Slaton, TX (35 mi); US Census Bureau population estimates.
- Nearest smaller communities: Los Ybanez, TX (18 mi); Wilson, TX (25 mi); New Home, TX (25 mi) (Census populations).
What a personal loan costs in O'Donnell
Unlike a revolving credit card, a personal loan is closed-end: the balance falls on a fixed schedule and the payment does not change.
Because the APR includes origination and finance charges, it is the honest comparison number; the personal loan calculator turns an APR and term into a monthly payment.
A longer term reduces what you owe each month and increases the total interest, which is the trade-off to weigh before choosing one.
A payment that strains the budget is a warning sign; a smaller loan or a little more saving time is the safer route.
Texas lending rules that apply in O'Donnell
The sourced rows below are the rules a licensed lender must follow when lending in Texas, and therefore in O'Donnell.
| Rule | Detail | Source |
|---|---|---|
| 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 |
| 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 |
How to compare offers in O'Donnell
Before you commit to a personal loan in O'Donnell, work through these steps:
- 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.