Scottsburg at a glance
- Population: roughly 126 people; 219th of 227 places in Virginia (Census Vintage 2023 subcounty estimate).
- 2020 Census base: 128 residents in the 2020 Census, per the US Census Bureau.
- 2020 to 2023 change: roughly 1.6% fewer residents than at the 2020 Census (US Census Bureau).
- Rank among Virginia places: 219th-largest of 227 (US Census Bureau, Vintage 2023 estimate).
- Size percentile: about 4% of places in Virginia are smaller (US Census Bureau).
- Coordinates: latitude 36.7592, longitude -78.7912 (US Census Bureau Gazetteer).
- Nearest larger cities: South Boston, VA (8 mi); Halifax, VA (8 mi); Clarksville, VA (16 mi); Chase City, VA (18 mi); Drakes Branch, VA (19 mi); US Census Bureau population estimates.
- Nearest smaller communities: Virgilina, VA (15 mi); Middleburg, NC (36 mi); Macon, NC (45 mi) (Census populations).
What a personal loan costs in Scottsburg
The defining feature of a personal loan is the fixed installment: the same payment every month until the term ends.
Judge an offer by its APR, which blends the interest rate with fees, and use the personal loan calculator to see the total cost.
Because interest accrues for longer, a longer term means a lower installment and a higher total cost — decide which matters more to you.
Most lenders offer pre-qualification with a soft credit pull, so you can see an estimated rate and amount without affecting your credit score.
Virginia lending rules that apply in Scottsburg
The table lists the Virginia rules that apply to a loan made in Scottsburg, each with the regulator that published it.
| Rule | Detail | Source |
|---|---|---|
| Small-loan / installment lender licensing | Consumer finance license required from the State Corporation Commission (Va. Code § 6.2-1501) Source says: No person shall engage in the business of making loans to individuals for personal, family, household, or other nonbusiness purposes | Virginia General Assembly (Code of Virginia) as of 2026-09-16 |
| State lending regulator | Virginia State Corporation Commission, Bureau of Financial Institutions (BFI) Source says: The Bureau of Financial Institutions (BFI) is a regulatory division of the Virginia State Corporation Commission (SCC.) | Virginia State Corporation Commission (SCC) as of 2026-09-16 |
| Maximum legal interest rate (usury cap) | 12% per year maximum contract rate, except as otherwise permitted by law (Va. Code § 6.2-303) Source says: no contract shall be made for the payment of interest on a loan at a rate that exceeds 12 percent per year | Virginia General Assembly (Code of Virginia) as of 2026-09-16 |
| Payday lending status | Legal via licensed short-term lenders; interest capped at a 36% simple annual rate plus limited fees (Va. Code § 6.2-1817) Source says: Interest at a simple annual rate not to exceed 36 percent | Virginia General Assembly (Code of Virginia) as of 2026-09-16 |
How to compare offers in Scottsburg
The order below is a sensible way to approach a loan in Scottsburg:
- 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 Virginia using the regulator named above.
- Read the disclosure for origination fees and any prepayment penalty before you sign.