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Pawn Shops vs Payday Loans in Dover, DE
5 pawn shops in and around Dover — 6.5 per 100,000 residents, compared with 2.3 across Delaware. Call ahead to ask what they're buying and lending on today: inventory needs change weekly. Dover ranks #1 of 4 Delaware cities with pawn shops by shops per resident.
- Pawn shops
- 5
- Pawn shops per 100k
- 6.5
- Delaware: 2.3
- Big-chain shops
- 0
- Payday & loan stores
- 6
- Population
- 77,274
Pawn shops in Dover: addresses and phone numbers
| Pawn shop | Address | Phone | Website |
|---|---|---|---|
| Atlantic Finance & Pawn | 1650 S Governors Ave Dover, DE 19904 | (302) 672-7296 | atlanticfinanceandpawn.com |
| Dover Jewelry and Pawn Exchange | 558 North Dupont Highway Dover, DE 19901 | (302) 322-2274 | doverjewelryandpawn.com |
| Mid Atlantic Jewelry and Pawn Shop | 3050 N Dupont Hwy #1 Dover, DE 19901 | (302) 674-1313 | atlanticfinanceandpawn.com |
| Midatlantic Jewelry & Pawn Sth | 1255 S State St Dover, DE 19901 | (302) 735-8880 | midatlantic-sth.edan.io |
| The Trading Post | 4008 S Dupont Hwy Dover, DE 19901 | (302) 538-5198 | — |
Pawn shops vs payday loan stores in Dover
Dover has 6 payday, installment and title loan stores but only 5 pawn shops.
Pawn shops
5
6.5 per 100k residents
Payday & loan stores
6
7.8 per 100k residents
6 store chains
Biggest loan store chains in Dover: Advance America (1), Approved Cash (1), Check 'n Go (1), Mariner Finance (1), OneMain Financial (1).
Borrowing $500 for one month: payday vs pawn vs credit union
| Option | How it works | Cost for one month |
|---|---|---|
| Payday loan (~521%+ 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 Dover
- 2.8%
- Pawn cost, share of monthly household income in Dover
- 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 (Delaware 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 Delaware 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 DE | |
|---|---|---|
| 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 Delaware | Pawnbrokers are licensed and regulated by Delaware; fees, terms and holding periods are set by state law | Allowed, up to $1,000; typical APR ~521%+ |
Dover at a glance
- Median household income
- $65,368
- Delaware: $86,313
- Poverty rate
- 15.5%
- Delaware: 10.7%
- Households under $25,000
- 17.1%
- Delaware: 12.3%
- A $400 emergency equals
- 2.2 days of income
Payday and installment loan stores in Dover
For comparison: storefront payday, installment and title lenders in Dover with addresses, phone numbers and hours.
| Address | Phone | Hours | Google rating |
|---|---|---|---|
| 264 S. DuPont Highway Dover, DE 19901 | (302) 734-6961 | Mon–Fri 10:00 AM – 6:00 PM Sat–Sun closed |
— |
| Liberty Loans 589 N Dupont Hwy Dover, DE 19901 | (302) 730-0141 | — | 4.6 |
| 283 N Dupont Hwy B Dover, DE 19901 | (302) 736-1348 | — | 4.8 |
| 222 S Dupont Hwy Ste. 206 Dover, DE 19901 | (302) 346-1595 | — | 4.9 |
| 1001 S Bradford St #4 Dover, DE 19904 | (302) 674-3900 | — | 4.4 |
| 127 S Dupont Hwy Dover, DE 19901 | (302) 747-1050 | — | 4.9 |
Pawn shops near Dover
More about Dover
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.