Matador at a glance
- Population: about 546 residents, ranking 956th of 1,224 Census places in Texas (US Census Bureau, Vintage 2023 subcounty estimate).
- 2020 Census base: the 2020 Census recorded 567 residents here (US Census Bureau).
- 2020 to 2023 change: down roughly 3.7% across the 2020-to-2023 comparison (US Census Bureau).
- Rank among Texas places: the 956th-largest of 1,224 (US Census Bureau, 2023 estimate).
- Size percentile: it is larger than about 22% of the places in Texas (US Census Bureau).
- Coordinates: 34.0151, -100.8211 (US Census Bureau Gazetteer).
- Nearest larger cities: Floydada, TX (30 mi); Paducah, TX (30 mi); Crosbyton, TX (35 mi); Lockney, TX (36 mi); Spur, TX (37 mi); each population is a US Census Bureau estimate.
- Nearest smaller communities: Roaring Springs, TX (8 mi); Turkey, TX (27 mi); Dickens, TX (27 mi), each a US Census place.
What a personal loan costs in Matador
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.
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.
Lenders weigh your credit history, income and debts when they set the rate, and the term you choose then determines how that rate compounds into total cost.
Pre-qualifying with several lenders takes minutes, uses a soft pull, and gives you real numbers to compare before any hard inquiry.
Texas lending rules that apply in Matador
The sourced rows below are the rules a licensed lender must follow when lending in Texas, and therefore in Matador.
| 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 Matador
These steps are the ones that most affect the offer you receive in Matador:
- 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.