Goodman at a glance
- Population: about 1,181, 139th by size in Mississippi of 299 places (Census Vintage 2023 subcounty estimate).
- 2020 Census base: 1,261 residents at the 2020 Census (US Census Bureau, 2020 count).
- 2020 to 2023 change: about 6.3% below the 2020 Census base (US Census Bureau).
- Rank among Mississippi places: 139th-largest of 299 (US Census Bureau, Vintage 2023 estimate).
- Size percentile: roughly 54% of Mississippi's places have fewer residents (US Census Bureau).
- Coordinates: 32.9682 / -89.9127, per the US Census Bureau Gazetteer.
- Nearest larger cities within 120 miles: Durant, MS (8 mi); Lexington, MS (13 mi); Kosciusko, MS (20 mi); Tchula, MS (23 mi); Canton, MS (26 mi) (US Census Bureau).
- Smaller places nearby: Pickens, MS (6 mi); Sallis, MS (9 mi); West, MS (18 mi), per US Census Bureau estimates.
What a personal loan costs in Goodman
A personal loan gives you the full amount at once and spreads repayment over a set number of months at a fixed payment.
APR is the figure that lets you compare like with like, since it wraps fees into the rate; run your own numbers with the personal loan calculator.
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 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 Goodman
The sourced rows below are the rules a licensed lender must follow when lending in Mississippi, and therefore in Goodman.
| Rule | Detail | Source |
|---|---|---|
| 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 |
| 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 |
How to compare offers in Goodman
Before you share your details with a lender in Goodman:
- 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.