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Personal loans in McCool, MS

Borrowers in McCool use personal loans to consolidate balances or cover a one-time cost, and the terms depend on your credit, income and existing obligations. Census estimates count about 105 residents in McCool, making it the 291st-largest of 299 places in Mississippi. The rate caps and licensing requirements that apply to a lender in Mississippi are set out in the sourced table below.

By the Personalloaned Editorial Team · Last updated 2026-09-16

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McCool at a glance

  • Population: about 105 residents, ranking 291st of 299 Census places in Mississippi (US Census Bureau, Vintage 2023 subcounty estimate).
  • 2020 Census base: 105 people at the 2020 Census, the baseline for the trend below (US Census Bureau).
  • 2020 to 2023 change: essentially flat from the 2020 Census base to the 2023 estimate (US Census Bureau).
  • Rank among Mississippi places: 291st out of 299 Census places (US Census Bureau).
  • Size percentile: about 3% of places in Mississippi are smaller (US Census Bureau).
  • Coordinates: 33.1989 latitude, -89.3407 longitude (US Census Bureau Gazetteer).
  • Nearest larger cities (120-mile radius): Weir, MS (5 mi); French Camp, MS (7 mi); Ethel, MS (9 mi); Ackerman, MS (13 mi); Louisville, MS (17 mi) (US Census Bureau).
  • Smaller places nearby: Slate Springs, MS (38 mi); Memphis, AL (60 mi); Ethelsville, AL (67 mi), per US Census Bureau estimates.

What a personal loan costs in McCool

A personal loan hands you a single sum and a repayment schedule of equal monthly installments over an agreed term.

Compare offers on APR rather than the headline rate — the APR includes most fees, and you can model the total with our personal loan calculator.

Your credit, income and existing debts drive the rate a lender offers, while the term you pick sets how much interest builds on top.

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.

Mississippi lending rules that apply in McCool

Every figure in the table below is sourced to a publisher with a date; where a state does not publish a number, we say so rather than estimate.

RuleDetailSource
Small-loan / installment lender licensingSmall 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 regulatorMississippi 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 statusLegal 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 McCool

Here is a short checklist for comparing personal loans in McCool:

  1. Pull your free credit reports and dispute any error — it is the cheapest way to improve the rate you are offered.
  2. Run your figures through the personal loan calculator on this site so you know the payment before a lender quotes one.
  3. Pre-qualify with at least three lenders and compare the APR, not the interest rate.
  4. Check that the lender is licensed in Mississippi using the regulator named above.
  5. Read the disclosure for origination fees and any prepayment penalty before you sign.

Common questions

Frequently asked questions

Can I get a personal loan with bad credit in McCool?
Yes, but expect a higher APR and possibly a smaller amount. Lenders that serve borrowers with lower scores are licensed statewide, so your options in McCool are the same as elsewhere in Mississippi.
How much can I borrow with a personal loan in McCool?
Loan amounts are set by each lender and depend on your income, credit and existing debts, so we do not quote a range we cannot source. The Consumer Financial Protection Bureau explains how lenders assess an application, and our personal loan calculator will model the payment for any amount before you apply.
Does a personal loan in McCool require collateral?
Unsecured personal loans do not require collateral. A secured loan, such as a home-equity or auto-secured loan, does — and it puts the pledged asset at risk if you default.
Will shopping for a loan in McCool hurt my credit?
Pre-qualification usually uses a soft credit pull that does not affect your score. A full application triggers a hard inquiry, which may lower your score by a few points temporarily.

Nearby places

Where these figures come from

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