Mount Pleasant at a glance
- Population: about 16,055, 183rd by size in Texas of 1,224 places (Census Vintage 2023 subcounty estimate).
- 2020 Census base: the 2020 count put the population at 16,081 (US Census Bureau).
- 2020 to 2023 change: roughly 0.2% fewer residents than at the 2020 Census (US Census Bureau).
- Rank among Texas places: 183rd of the state's 1,224 Census places (US Census Bureau).
- Size percentile: roughly 85% of Texas's places have fewer residents (US Census Bureau).
- Coordinates: 33.1582, -94.9745 (Census Gazetteer, US Census Bureau).
- Nearest larger cities: Sulphur Springs, TX (37 mi); Longview, TX (46 mi); Paris, TX (48 mi); Texarkana, TX (55 mi); Marshall, TX (56 mi); each population is a US Census Bureau estimate.
- Nearest smaller towns: Winfield, TX (8 mi); Miller's Cove, TX (8 mi); Rocky Mound, TX (10 mi) (US Census Bureau).
What a personal loan costs in Mount Pleasant
Most personal loans are unsecured, meaning no collateral is pledged, and they are repaid in equal installments over a fixed term.
The APR is the comparable price of a loan since it folds in fees; model any offer with the personal loan calculator first.
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.
Set the loan amount from the expense itself rather than the maximum you are approved for, and keep the payment within your existing budget.
Texas lending rules that apply in Mount Pleasant
Where a figure is not published by the state, the row points to the source instead of guessing.
| Rule | Detail | Source |
|---|---|---|
| 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 |
| 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 |
How to compare offers in Mount Pleasant
These steps are the ones that most affect the offer you receive in Mount Pleasant:
- 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.