Scottsville at a glance
- Population: 335, the 1,073rd-largest community in Texas out of 1,224 (US Census Bureau, Vintage 2023).
- 2020 Census base: 334 people counted in the 2020 Census (US Census Bureau).
- 2020 to 2023 change: about 0.3% growth over the 2020 Census base (US Census Bureau).
- Rank among Texas places: 1,073rd largest of 1,224 (US Census Bureau).
- Size percentile: roughly 12% of Texas's places have fewer residents (US Census Bureau).
- Coordinates: 32.5404 latitude, -94.2393 longitude (US Census Bureau Gazetteer).
- Nearest larger cities: Marshall, TX (7 mi); Waskom, TX (11 mi); Jefferson, TX (17 mi); Greenwood, LA (18 mi); Mooringsport, LA (19 mi); each population is a US Census Bureau estimate.
- Smaller places nearby: Uncertain, TX (13 mi); Belcher, LA (28 mi); Gilliam, LA (30 mi), per US Census Bureau estimates.
What a personal loan costs in Scottsville
A personal loan is an installment loan: you receive a lump sum and repay it in fixed monthly payments over a set term, usually two to seven years.
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.
The term is the lever: extend it and the payment falls while total interest climbs; shorten it and the reverse happens.
Before you borrow, decide what the loan is for and whether the monthly payment fits a budget you can already meet without taking on new debt.
Texas lending rules that apply in Scottsville
The Texas rate caps and licensing rules that reach Scottsville are listed below, each with its source and retrieval date.
| Rule | Detail | Source |
|---|---|---|
| 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 |
| 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 |
How to compare offers in Scottsville
These steps are the ones that most affect the offer you receive in Scottsville:
- 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.