Paradise at a glance
- Population: 701 people, the 903rd-largest place among Texas's 1,224 Census places (US Census Bureau, Vintage 2023).
- 2020 Census base: 483 people counted in the 2020 Census (US Census Bureau).
- 2020 to 2023 change: up about 45.1% from the 2020 Census base to the 2023 estimate (US Census Bureau).
- Rank among Texas places: the 903rd-largest of 1,224 (US Census Bureau, 2023 estimate).
- Size percentile: larger than about 26% of the Census places in Texas (US Census Bureau).
- Coordinates: 33.1498 latitude, -97.6886 longitude (US Census Bureau Gazetteer).
- Nearest larger cities (120-mile radius): Bridgeport, TX (6 mi); Decatur, TX (8 mi); Boyd, TX (9 mi); Runaway Bay, TX (11 mi); Chico, TX (12 mi) (US Census Bureau).
- Nearest smaller communities: Lake Bridgeport, TX (9 mi); Sanctuary, TX (17 mi); DISH, TX (22 mi), each a US Census place.
What a personal loan costs in Paradise
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.
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.
A lender weighs your credit profile, income and debts when setting the rate, and a longer term lowers the payment at the cost of more interest overall.
Work out the payment you can comfortably carry each month first, then borrow no more than that figure supports.
Texas lending rules that apply in Paradise
The sourced rows below are the rules a licensed lender must follow when lending in Texas, and therefore in Paradise.
| Rule | Detail | Source |
|---|---|---|
| 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 |
| 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 |
How to compare offers in Paradise
These steps are the ones that most affect the offer you receive in Paradise:
- 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.