Compare legal limits, fees and the true cost of small loans in your state before you talk to any lender. Compare legal limits, fees and the true cost of small loans in your state.
Pawn Shops vs Payday Loans in Lake Havasu City, AZ
2 pawn shops in and around Lake Havasu City — 3.2 per 100,000 residents, compared with 2.8 across Arizona. Call ahead to ask what they're buying and lending on today: inventory needs change weekly. Lake Havasu City ranks #10 of 21 Arizona cities with pawn shops by shops per resident.
- Pawn shops
- 2
- Pawn shops per 100k
- 3.2
- Arizona: 2.8
- Big-chain shops
- 0
- Payday & loan stores
- 3
- Population
- 61,852
Pawn shops in Lake Havasu City: addresses and phone numbers
| Pawn shop | Address | Phone | Website |
|---|---|---|---|
| Jum-Pawn-It | 296 London Bridge Rd Lake Havasu City, AZ 86403 | (928) 854-6288 | havasupawn.com |
| MR. PAWN | 3319 Maricopa Ave Havasu, AZ 86406 | (928) 453-7296 | mrpawnarizona.com |
Pawn shops vs payday loan stores in Lake Havasu City
Lake Havasu City has 3 payday, installment and title loan stores but only 2 pawn shops.
Pawn shops
2
3.2 per 100k residents
Payday & loan stores
3
4.9 per 100k residents
3 store chains
Biggest loan store chains in Lake Havasu City: ACE Cash Express (1), Check Into Cash (1), loanDepot (1).
Borrowing $500 for one month: payday vs pawn vs credit union
| Option | How it works | Cost for one month |
|---|---|---|
| Payday loan (not legal in Arizona) | $75.00 fee every 2 weeks, renewed once | $150.00 |
| Pawn loan (example: 20% a month) | You leave an item worth more than the loan; repay to get it back | $100.00 |
| Credit union PAL (28% APR + $20 fee) | Repaid in installments; membership required | $31.67 |
- Payday cost, share of monthly household income in Lake Havasu City
- 2.7%
- Pawn cost, share of monthly household income in Lake Havasu City
- 1.8%
- A $400 emergency equals
- 2.2 days of income
Payday: a typical fee of $75 on a $500 loan for 2 weeks, paid twice for a one-month loan (Arizona payday rules are not set in dollars or payday loans are not allowed). Pawn: an example rate of 20% a month; pawn fees and interest are set by Arizona law and vary by shop — ask for the total in writing. PAL: payday alternative loan from a federal credit union, capped at 28% APR plus an application fee of up to $20.
Pawn loan vs payday loan: the key differences
| Pawn loan | Payday loan in AZ | |
|---|---|---|
| What you need | An item of value (jewelry, gold, electronics, tools, firearms) and an ID | A bank account, proof of income and an ID |
| Credit check | None | Usually none |
| How much you get | A fraction of the item's resale value | Based on your income, up to the state limit |
| If you can't repay | The shop keeps the item; no collections and no credit damage | Fees pile up with renewals; the debt can go to collections |
| Bank account access | None | Lender can debit your account or cash your check |
| Rules in Arizona | Pawnbrokers are licensed and regulated by Arizona; fees, terms and holding periods are set by state law | Storefront payday loans are not allowed in Arizona |
Lake Havasu City at a glance
- Median household income
- $67,195
- Arizona: $81,327
- Poverty rate
- 13.6%
- Arizona: 12.9%
- Households under $25,000
- 17.2%
- Arizona: 13.8%
- A $400 emergency equals
- 2.2 days of income
Payday and installment loan stores in Lake Havasu City
For comparison: storefront payday, installment and title lenders in Lake Havasu City with addresses, phone numbers and hours.
| Address | Phone | Hours | Google rating |
|---|---|---|---|
| 20 Acoma Blvd N Ste 4 Lake Havasu City, AZ 86403 | (928) 854-4447 | — | 5.0 |
| 1666 McCulloch Blvd N Lake Havasu City, AZ 86403 | (928) 854-4666 | — | 4.9 |
| 490 Lake Havasu Ave #106 Lake Havasu City, AZ 86403 | (928) 302-2060 | — | 4.9 |
Pawn shops near Lake Havasu City
More about Lake Havasu City
Pawn shop listings: © Overture Maps Foundation (CDLA-Permissive 2.0), including Foursquare OS Places and © OpenStreetMap contributors; filtered and de-duplicated by us. Population, income and poverty: U.S. Census Bureau, American Community Survey. Call ahead to confirm hours and what a shop buys or lends on.