Bolton at a glance
- Population: 421, the 215th-largest community in Mississippi out of 299 (US Census Bureau, Vintage 2023).
- 2020 Census base: the 2020 count put the population at 440 (US Census Bureau).
- 2020 to 2023 change: down about 4.3% from the 2020 Census base to the 2023 estimate (US Census Bureau).
- Rank among Mississippi places: 215th-largest of 299 (US Census Bureau, Vintage 2023 estimate).
- Size percentile: ahead of around 28% of Mississippi places in population terms (US Census Bureau).
- Coordinates: 32.3546, -90.4586 (US Census Bureau Gazetteer).
- Nearest larger cities: Clinton, MS (7 mi); Raymond, MS (7 mi); Edwards, MS (9 mi); Jackson, MS (15 mi); Byram, MS (15 mi) (Census populations, approximate straight-line distance).
- Nearest smaller towns: Learned, MS (12 mi); Bentonia, MS (21 mi); Satartia, MS (22 mi) (US Census Bureau).
What a personal loan costs in Bolton
A personal loan gives you the full amount at once and spreads repayment over a set number of months at a fixed payment.
The advertised interest rate leaves out fees that the APR captures, which is why APR is the number to weigh; try the personal loan calculator before you apply.
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.
A useful rule is to keep the new payment inside the room your budget already has, so the loan eases pressure instead of adding to it.
Mississippi lending rules that apply in Bolton
The sourced rows below are the rules a licensed lender must follow when lending in Mississippi, and therefore in Bolton.
| Rule | Detail | Source |
|---|---|---|
| Small-loan / installment lender licensing | Small loan license required (Small Loan Regulatory Law; Miss. Code § 75-67-105) Source says: "No person shall engage in the business of lending money ... without being the holder of a valid and subsisting license" | Mississippi Department of Banking and Consumer Finance as of 2026-09-16 |
| State lending regulator | Mississippi Department of Banking and Consumer Finance (DBCF) Source says: "The Mississippi Department of Banking and Consumer Finance's (DBCF) mission is to regulate, supervise and safeguard financial institutions chartered and licensed in Mississippi" | Mississippi Department of Banking and Consumer Finance as of 2026-09-16 |
| Delayed-deposit (payday) fee caps | $20 per $100 advanced on checks ≤$250; $21.95 per $100 on checks over $250 (DBCF rule) Source says: "Delayed deposit transaction: $20.00 per $100.00 advanced for checks $250.00 and under" | Mississippi Secretary of State (DBCF administrative regulations) as of 2026-09-16 |
| Maximum legal interest rate (usury cap) | See the latest published figure value_text left null: the maximum finance charge for licensed small-loan lenders is set by Miss. Code § 75-17-21, which § 75-67-119 references as the limit; no retrievable official page published the current figure for direct verification. | Mississippi Department of Banking and Consumer Finance as of 2026-09-16 |
| Payday lending status | Legal and licensed — check cashers (delayed-deposit/payday transactions) are licensed consumer-finance industries regulated by DBCF (Miss. Code § 75-67-501 et seq.) Source says: "These industries include Money Transmitter, Small Loan, Check Cashers, Pawnbroker, Title Pledge, Consumer Loan Broker" | Mississippi Department of Banking and Consumer Finance as of 2026-09-16 |
How to compare offers in Bolton
The steps below are worth completing first when you borrow in Bolton:
- 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 Mississippi using the regulator named above.
- Read the disclosure for origination fees and any prepayment penalty before you sign.