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 Washington, DC
4 pawn shops in and around Washington — 0.6 per 100,000 residents, compared with 0.6 across District of Columbia. Call ahead to ask what they're buying and lending on today: inventory needs change weekly. Washington ranks #1 of 1 District of Columbia cities with pawn shops by shops per resident.
- Pawn shops
- 4
- Pawn shops per 100k
- 0.6
- District of Columbia: 0.6
- Big-chain shops
- 3
- Payday & loan stores
- 11
- Population
- 671,768
Pawn shops in Washington: addresses and phone numbers
| Pawn shop | Address | Phone | Website |
|---|---|---|---|
| Crown Pawnbrokers | 1726 14th St NW Washington, DC 20009 | (202) 332-2522 | crownpawnbrokers.com |
| First Cash PawnChain | 1726 Wisconsin Ave NW Washington, DC 20007 | (202) 333-2274 | firstcash.com |
| First Cash PawnChain | 6400 Georgia Ave NW Washington, DC 20012 | (202) 882-2000 | firstcash.com |
| First Cash PawnChain | 7301 Georgia Ave NW Washington, DC 20012 | (202) 829-0145 | firstcash.com |
Pawn shops vs payday loan stores in Washington
Washington has 11 payday, installment and title loan stores but only 4 pawn shops.
Pawn shops
4
0.6 per 100k residents
Payday & loan stores
11
1.6 per 100k residents
2 store chains
Biggest loan store chains in Washington: ACE Cash Express (10), loanDepot (1).
Borrowing $500 for one month: payday vs pawn vs credit union
| Option | How it works | Cost for one month |
|---|---|---|
| Payday loan ( APR) | $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 Washington
- 1.6%
- Pawn cost, share of monthly household income in Washington
- 1.1%
Payday: a typical fee of $75 on a $500 loan for 2 weeks, paid twice for a one-month loan (District of Columbia 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 District of Columbia 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 DC | |
|---|---|---|
| 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 |
Washington at a glance
- Median household income
- $111,467
- District of Columbia: $111,467
- Poverty rate
- 15.2%
- District of Columbia: 15.2%
Payday and installment loan stores in Washington
For comparison: storefront payday, installment and title lenders in Washington with addresses, phone numbers and hours.
| Address | Phone | Hours | Google rating |
|---|---|---|---|
| 1245 Good Hope Road Southeast Washington, DC 20020 | (202) 678-0400 | — | 4.9 |
| 1512 Benning Rd NE Washington, DC 20002 | (202) 388-4409 | — | 4.9 |
| 1786 Florida Ave NW Washington, DC 20009 | (202) 483-2740 | — | 5.0 |
| 2441 Good Hope Ct SE Washington, DC 20020 | (202) 889-8831 | — | 4.9 |
| 2922 Martin Luther King Jr Ave SE Washington, DC 20032 | (202) 574-0028 | — | 4.9 |
| 3663 Georgia Ave NW Washington, DC 20010 | (202) 723-1107 | — | 4.9 |
| 3829 Pennsylvania Ave. SE Washington, DC 20020 | (202) 575-2095 | — | 5.0 |
| 3903 Benning Rd NE Washington, DC 20019 | (202) 397-4280 | — | 5.0 |
| 512 H St NE Washington, DC 20002 | (202) 543-7144 | — | 4.9 |
| 6221 Georgia Ave NW Washington, DC 20011 | (202) 726-8174 | — | 4.9 |
| 80 M St SE Washington, DC 20003 | (202) 975-6350 | — | 4.3 |
More about Washington
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.