Silver Creek at a glance
- Population: 172 (US Census Bureau, Vintage 2023 subcounty estimate), the 275th-largest of 299 places in Mississippi.
- 2020 Census base: the 2020 Census recorded 179 residents here (US Census Bureau).
- 2020 to 2023 change: about 3.9% below the 2020 Census base (US Census Bureau).
- Rank among Mississippi places: 275th in population of 299 places (US Census Bureau).
- Size percentile: it is larger than about 8% of the places in Mississippi (US Census Bureau).
- Coordinates: 31.6048, -90.0023 (Census Gazetteer, US Census Bureau).
- Nearest larger cities (120-mile radius): Prentiss, MS (8 mi); Monticello, MS (8 mi); New Hebron, MS (9 mi); Bassfield, MS (17 mi); Georgetown, MS (21 mi) (US Census Bureau).
- Nearest smaller places: Sylvarena, MS (46 mi); Learned, MS (52 mi); Montrose, MS (58 mi) (US Census Bureau estimates).
What a personal loan costs in Silver Creek
With an installment loan the payment is fixed for the life of the loan, so the schedule is predictable from the first month to the last.
APR is the figure that lets you compare like with like, since it wraps fees into the rate; run your own numbers with the personal loan calculator.
The term is the lever: extend it and the payment falls while total interest climbs; shorten it and the reverse happens.
Most lenders offer pre-qualification with a soft credit pull, so you can see an estimated rate and amount without affecting your credit score.
Mississippi lending rules that apply in Silver Creek
The Mississippi rate caps and licensing rules that reach Silver Creek are listed below, each with its source and retrieval date.
| Rule | Detail | Source |
|---|---|---|
| Small-loan / installment lender licensing | Small loan license required (Small Loan Regulatory Law; Miss. Code § 75-67-105) Source says: "No person shall engage in the business of lending money ... without being the holder of a valid and subsisting license" | Mississippi Department of Banking and Consumer Finance as of 2026-09-16 |
| State lending regulator | Mississippi Department of Banking and Consumer Finance (DBCF) Source says: "The Mississippi Department of Banking and Consumer Finance's (DBCF) mission is to regulate, supervise and safeguard financial institutions chartered and licensed in Mississippi" | Mississippi Department of Banking and Consumer Finance as of 2026-09-16 |
| Delayed-deposit (payday) fee caps | $20 per $100 advanced on checks ≤$250; $21.95 per $100 on checks over $250 (DBCF rule) Source says: "Delayed deposit transaction: $20.00 per $100.00 advanced for checks $250.00 and under" | Mississippi Secretary of State (DBCF administrative regulations) as of 2026-09-16 |
| Maximum legal interest rate (usury cap) | See the latest published figure value_text left null: the maximum finance charge for licensed small-loan lenders is set by Miss. Code § 75-17-21, which § 75-67-119 references as the limit; no retrievable official page published the current figure for direct verification. | Mississippi Department of Banking and Consumer Finance as of 2026-09-16 |
| Payday lending status | Legal and licensed — check cashers (delayed-deposit/payday transactions) are licensed consumer-finance industries regulated by DBCF (Miss. Code § 75-67-501 et seq.) Source says: "These industries include Money Transmitter, Small Loan, Check Cashers, Pawnbroker, Title Pledge, Consumer Loan Broker" | Mississippi Department of Banking and Consumer Finance as of 2026-09-16 |
How to compare offers in Silver Creek
Run through this list before signing anything in Silver Creek:
- 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 Mississippi using the regulator named above.
- Read the disclosure for origination fees and any prepayment penalty before you sign.