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 Merced, CA
1 pawn shop in Merced — call ahead to ask what it's buying and lending on today.
- Pawn shops
- 1
- Pawn shops per 100k
- 0.9
- California: 1.4
- Big-chain shops
- 0
- Payday & loan stores
- 6
- Population
- 109,664
Pawn shops in Merced: addresses and phone numbers
| Pawn shop | Address | Phone | Website |
|---|---|---|---|
| Central Valley Pawn | 28 W Main St Merced, CA 95340 | (209) 384-8783 | mercedlaw.com |
Pawn shops vs payday loan stores in Merced
Merced has 6 payday, installment and title loan stores but only 1 pawn shops.
Pawn shops
1
0.9 per 100k residents
Payday & loan stores
6
5.5 per 100k residents
6 store chains
Biggest loan store chains in Merced: ACE Cash Express (1), Advance America (1), Check Into Cash (1), Lendmark Financial Services (1), OneMain Financial (1).
Borrowing $300 for one month: payday vs pawn vs credit union
| Option | How it works | Cost for one month |
|---|---|---|
| Payday loan (~460% APR) | $45.00 fee every 2 weeks, renewed once | $90.00 |
| Pawn loan (example: 20% a month) | You leave an item worth more than the loan; repay to get it back | $60.00 |
| Credit union PAL (28% APR + $20 fee) | Repaid in installments; membership required | $27.00 |
- Payday cost, share of monthly household income in Merced
- 1.8%
- Pawn cost, share of monthly household income in Merced
- 1.2%
- A $400 emergency equals
- 2.4 days of income
Payday: the CA maximum — $45 on a $300 loan for 2 weeks, paid twice for a one-month loan. Pawn: an example rate of 20% a month; pawn fees and interest are set by California 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. Income: U.S. Census Bureau, American Community Survey.
Pawn loan vs payday loan: the key differences
| Pawn loan | Payday loan in CA | |
|---|---|---|
| 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 California | Pawnbrokers are licensed and regulated by California; fees, terms and holding periods are set by state law | Allowed, up to $300; typical APR ~460% |
Merced at a glance
- Median household income
- $61,564
- California: $102,369
- Poverty rate
- 22.0%
- California: 12.0%
- Households under $25,000
- 20.0%
- California: 12.7%
- A $400 emergency equals
- 2.4 days of income
Payday and installment loan stores in Merced
For comparison: storefront payday, installment and title lenders in Merced with addresses, phone numbers and hours.
| Address | Phone | Hours | Google rating |
|---|---|---|---|
| 1340 W Olive Ave #102 Merced, CA 95348 | (209) 385-2271 | — | 4.9 |
| 1828 West Olive Ave. Merced, CA 95348 | (209) 384-7621 | Mon–Fri 10:00 AM – 6:00 PM Sat 9:00 AM – 1:00 PM Sun closed |
— |
| 1206 W Olive Ave Merced, CA 95348 | (209) 383-9118 | — | 4.9 |
| 510 W Main St Ste D Merced, CA 95340 | (209) 723-4206 | — | 4.1 |
| 113 W El Portal Dr a Merced, CA 95348 | (209) 383-5929 | — | 3.6 |
| 1950 Yosemite Pkwy Merced, CA 95341 | (209) 263-0776 | — | 4.9 |
Pawn shops near Merced
More about Merced
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.