Seven Points at a glance
- Population: 1,469 residents, the 691st-largest of 1,224 places in Texas (US Census Bureau, Vintage 2023).
- 2020 Census base: 1,367 people at the 2020 Census, the baseline for the trend below (US Census Bureau).
- 2020 to 2023 change: population rose about 7.5% (US Census Bureau Vintage 2023 estimate vs 2020 Census).
- Rank among Texas places: the 691st-largest of 1,224 (US Census Bureau, 2023 estimate).
- Size percentile: roughly 44% of places in Texas rank below it by population (US Census Bureau).
- Coordinates: 32.3387 / -96.2344, per the US Census Bureau Gazetteer.
- Nearest larger cities: Tool, TX (5 mi); Gun Barrel City, TX (6 mi); Mabank, TX (8 mi); Kerens, TX (14 mi); Malakoff, TX (17 mi) — straight-line distances, US Census Bureau populations.
- Nearest smaller towns: Kemp, TX (7 mi); Enchanted Oaks, TX (9 mi); Payne Springs, TX (10 mi) — US Census Bureau populations.
What a personal loan costs in Seven Points
Personal loans are installment credit — one lump sum, repaid in equal monthly installments across a fixed term you agree to up front.
The number to compare is the APR, not the interest rate, because the APR folds in origination fees and other charges; our personal loan calculator will show what a given amount and term would cost.
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.
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 Seven Points
The Texas rate caps and licensing rules that reach Seven Points are listed below, each with its source and retrieval date.
| 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 Seven Points
Before you share your details with a lender in Seven Points:
- 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.