Hickory Creek at a glance
- Population: 5,688 residents, the 352nd-largest of 1,224 places in Texas (US Census Bureau, Vintage 2023).
- 2020 Census base: 4,723 people counted in the 2020 Census (US Census Bureau).
- 2020 to 2023 change: population rose about 20.4% (US Census Bureau Vintage 2023 estimate vs 2020 Census).
- Rank among Texas places: 352nd in population of 1,224 places (US Census Bureau).
- Size percentile: about 71% of places in Texas are smaller (US Census Bureau).
- Coordinates: the Census Gazetteer places it at 33.1109, -97.0347.
- Nearest larger cities: Lake Dallas, TX (1 mi); Highland Village, TX (2 mi); Corinth, TX (3 mi); Oak Point, TX (5 mi); Lewisville, TX (5 mi), each a US Census place with its estimated population.
- Nearest smaller towns: Shady Shores, TX (4 mi); Copper Canyon, TX (4 mi); Lakewood Village, TX (4 mi) (US Census Bureau).
What a personal loan costs in Hickory Creek
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.
APR, not the simple interest rate, reflects what the loan actually costs once fees are included; the personal loan calculator puts a figure on it.
Stretching the term lowers the monthly payment but raises the total interest you pay, so the smallest payment is not automatically the cheapest loan.
Shop with more than one lender and treat pre-qualification as an estimate, since the final terms follow a full application.
Texas lending rules that apply in Hickory Creek
The table carries the Texas rate and licensing rules that apply to consumer loans made in Hickory Creek.
| 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 Hickory Creek
Before you commit to a personal loan in Hickory Creek, work through these steps:
- 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.