Clarkton at a glance
- Population: roughly 956 people; 346th of 937 places in Missouri (Census Vintage 2023 subcounty estimate).
- 2020 Census base: 1,008 people (US Census Bureau, 2020 Census count).
- 2020 to 2023 change: a loss of about 5.2% since the 2020 count (US Census Bureau).
- Rank among Missouri places: 346th out of 937 Census places (US Census Bureau).
- Size percentile: roughly 63% of places in Missouri rank below it by population (US Census Bureau).
- Coordinates: it sits at 36.4520, -89.9681 in the US Census Bureau Gazetteer.
- Nearest larger cities: Campbell, MO (7 mi); Malden, MO (10 mi); Piggott, AR (14 mi); Portageville, MO (15 mi); Bernie, MO (15 mi), each a US Census place with its estimated population.
- Nearest smaller towns: Gideon, MO (3 mi); Holcomb, MO (5 mi); Tallapoosa, MO (9 mi) — US Census Bureau populations.
What a personal loan costs in Clarkton
With an installment loan the payment is fixed for the life of the loan, so the schedule is predictable from the first month to the last.
The APR is the comparable price of a loan since it folds in fees; model any offer with the personal loan calculator first.
A longer term reduces what you owe each month and increases the total interest, which is the trade-off to weigh before choosing one.
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.
Missouri lending rules that apply in Clarkton
The sourced rows below are the rules a licensed lender must follow when lending in Missouri, and therefore in Clarkton.
| Rule | Detail | Source |
|---|---|---|
| Small-loan / installment lender licensing | Consumer credit lenders licensed and regulated by the Division of Finance's consumer credit section (Chapters 367 and 408, RSMo) Source says: "The consumer credit section of the Missouri Division of Finance is responsible for licensing and regulating various types of consumer finance companies" | Missouri Division of Finance as of 2026-09-16 |
| State lending regulator | Missouri Division of Finance (Department of Commerce and Insurance) Source says: "We regulate state-chartered banks, trust companies, consumer credit facilities, mortgage brokers, and savings and loan institutions" | Missouri Division of Finance as of 2026-09-16 |
| Additional loan fee cap (30+ day loans) | Up to 10% of principal, capped at $100 (RSMo § 408.140) Source says: "a fee, not to exceed ten percent of the principal amount loaned not to exceed one hundred dollars may be charged by the lender" | Missouri Revisor of Statutes as of 2026-09-16 |
| Maximum legal interest rate (usury cap) | 10% per annum, or the higher published 'market rate' (RSMo § 408.030) Source says: "a rate of interest not exceeding ten percent per annum on money due or to become due upon any contract" | Missouri Revisor of Statutes as of 2026-09-16 |
| Payday lending status | Legal and licensed — unsecured loans of $500 or less require a license from the Director of the Division of Finance (RSMo § 408.500) Source says: "in the business of making unsecured loans of five hundred dollars or less shall obtain a license from the director of the division of finance" | Missouri Revisor of Statutes as of 2026-09-16 |
How to compare offers in Clarkton
Here is a short checklist for comparing personal loans in Clarkton:
- 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 Missouri using the regulator named above.
- Read the disclosure for origination fees and any prepayment penalty before you sign.