Shady Shores at a glance
- Population: 2,957 (US Census Bureau, Vintage 2023 subcounty estimate), the 497th-largest of 1,224 places in Texas.
- 2020 Census base: 2,766 residents in the 2020 Census, per the US Census Bureau.
- 2020 to 2023 change: roughly 6.9% higher than at the 2020 Census (US Census Bureau).
- Rank among Texas places: 497th-largest of 1,224 (US Census Bureau, Vintage 2023 estimate).
- Size percentile: larger than about 59% of the Census places in Texas (US Census Bureau).
- Coordinates: 33.1621, -97.0350 (Census Gazetteer, US Census Bureau).
- Nearest larger cities: Corinth, TX (2 mi); Lake Dallas, TX (2 mi); Oak Point, TX (3 mi); Hickory Creek, TX (4 mi); Highland Village, TX (5 mi), each a US Census place with its estimated population.
- Nearest smaller communities: Lakewood Village, TX (4 mi); Cross Roads, TX (5 mi); Copper Canyon, TX (6 mi), each a US Census place.
What a personal loan costs in Shady Shores
A personal loan is structured as an installment plan, with a set number of monthly payments and a fixed amount due each time.
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.
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.
Texas lending rules that apply in Shady Shores
Each row below is a Texas rule with its publisher and the date it was retrieved.
| 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 Shady Shores
These steps are the ones that most affect the offer you receive in Shady Shores:
- 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.