Pottsboro at a glance
- Population: about 2,779, 512th by size in Texas of 1,224 places (Census Vintage 2023 subcounty estimate).
- 2020 Census base: 2,487 residents (US Census Bureau, 2020 Census).
- 2020 to 2023 change: about 11.7% more residents than the 2020 Census base (US Census Bureau).
- Rank among Texas places: the 512th-largest of 1,224 (US Census Bureau, 2023 estimate).
- Size percentile: larger than about 58% of the Census places in Texas (US Census Bureau).
- Coordinates: 33.7703, -96.6713 (Census Gazetteer, US Census Bureau).
- Nearest larger cities (within 120 miles): Denison, TX (5 mi); Sherman, TX (10 mi); Whitesboro, TX (15 mi); Calera, OK (18 mi); Howe, TX (18 mi) (US Census Bureau populations).
- Smaller places nearby: Knollwood, TX (6 mi); Southmayd, TX (10 mi); Colbert, OK (11 mi), per US Census Bureau estimates.
What a personal loan costs in Pottsboro
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.
Stretching the term lowers the monthly payment but raises the total interest you pay, so the smallest payment is not automatically the cheapest loan.
A payment that strains the budget is a warning sign; a smaller loan or a little more saving time is the safer route.
Texas lending rules that apply in Pottsboro
The table carries the Texas rate and licensing rules that apply to consumer loans made in Pottsboro.
| Rule | Detail | Source |
|---|---|---|
| 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 |
| 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 |
How to compare offers in Pottsboro
The order below is a sensible way to approach a loan in Pottsboro:
- 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.