Texarkana at a glance
- Population: about 35,741, 103rd by size in Texas of 1,224 places (Census Vintage 2023 subcounty estimate).
- 2020 Census base: 36,236 people counted in the 2020 Census (US Census Bureau).
- 2020 to 2023 change: population fell about 1.4% (US Census Bureau Vintage 2023 estimate vs 2020 Census).
- Rank among Texas places: 103rd by size among 1,224 communities (US Census Bureau).
- Size percentile: it exceeds roughly 92% of Texas's Census places by population (US Census Bureau).
- Coordinates: 33.4492, -94.0850 (US Census Bureau Gazetteer).
- Nearest larger cities (120-mile radius): Bossier City, LA (69 mi); Shreveport, LA (70 mi); Longview, TX (75 mi); Hot Springs, AR (93 mi); Tyler, TX (106 mi) (US Census Bureau).
- Nearest smaller towns: Nash, TX (3 mi); Wake Village, TX (3 mi); Red Lick, TX (5 mi) (US Census Bureau).
What a personal loan costs in Texarkana
Unlike a revolving credit card, a personal loan is closed-end: the balance falls on a fixed schedule and the payment does not change.
APR, not the simple interest rate, reflects what the loan actually costs once fees are included; the personal loan calculator puts a figure on it.
A longer term reduces what you owe each month and increases the total interest, which is the trade-off to weigh before choosing one.
If you are consolidating debt, the loan only helps if you stop adding to the balances it clears; otherwise the total debt grows.
Texas lending rules that apply in Texarkana
The Texas rate caps and licensing rules that reach Texarkana are listed below, each with its source and retrieval date.
| 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 Texarkana
The steps below are worth completing first when you borrow in Texarkana:
- 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.