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Pawn Shops vs Payday Loans in Cumming, GA
8 pawn shops in and around Cumming — 4.2 per 100,000 residents, compared with 5.0 across Georgia. Call ahead to ask what they're buying and lending on today: inventory needs change weekly. Cumming ranks #26 of 46 Georgia cities with pawn shops by shops per resident.
- Pawn shops
- 8
- Pawn shops per 100k
- 4.2
- Georgia: 5.0
- Big-chain shops
- 0
- Payday & loan stores
- 6
- Population
- 191,371
Pawn shops in Cumming: addresses and phone numbers
| Pawn shop | Address | Phone | Website |
|---|---|---|---|
| Anchor Pawn | 442 Canton Rd Cumming, GA 30040 | (678) 513-2227 | anchorpawn.com |
| Auto Cash | 1165 Buford Rd #101 Cumming, GA 30041 | (770) 368-6208 | autocashofgeorgia.com |
| Cash Cow Pawn | 535 Canton Hwy Ste A Cumming, GA 30040 | (470) 297-8820 | cashcowpawnshop.com |
| Eagle Pawn and Jewelry | 699 Atlanta Rd Cumming, GA 30040 | (678) 456-8218 | eaglepawnshop.com |
| Five Star Pawn | 1465 Dahlonega Hwy Cumming, GA 30040 | (678) 947-5400 | fivestarpawnshop.com |
| Forsyth Gun & Pawn | 211 Atlanta Rd Cumming, GA 30040 | (770) 889-6564 | forsythcountypawn.com |
| Pawnopoly | 580 Atlanta Rd #220 Cumming, GA 30040 | (678) 505-1501 | pawnopoly.com |
| Quick Draw Pawn And Guns North | 304 E Maple St Cumming, GA 30040 | (770) 605-9510 | — |
Pawn shops vs payday loan stores in Cumming
Cumming has 8 pawn shops and 6 payday, installment and title loan stores.
Pawn shops
8
4.2 per 100k residents
Payday & loan stores
6
3.1 per 100k residents
5 store chains
Biggest loan store chains in Cumming: TitleMax (2), 1st Franklin Financial (1), Lendmark Financial Services (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 (not legal in Georgia) | $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 Cumming
- 1.3%
- Pawn cost, share of monthly household income in Cumming
- 0.9%
- A $400 emergency equals
- 1.1 days of income
Payday: a typical fee of $75 on a $500 loan for 2 weeks, paid twice for a one-month loan (Georgia 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 Georgia 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 GA | |
|---|---|---|
| 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 Georgia | Pawnbrokers are licensed and regulated by Georgia; fees, terms and holding periods are set by state law | Storefront payday loans are not allowed in Georgia |
Cumming at a glance
- Median household income
- $136,395
- Georgia: $79,251
- Poverty rate
- 4.4%
- Georgia: 13.6%
- Households under $25,000
- 5.4%
- Georgia: 15.7%
- A $400 emergency equals
- 1.1 days of income
Payday and installment loan stores in Cumming
For comparison: storefront payday, installment and title lenders in Cumming with addresses, phone numbers and hours.
| Address | Phone | Hours | Google rating |
|---|---|---|---|
| 231 Atlanta Hwy Cumming, GA 30040 | (678) 513-4948 | — | 4.9 |
| 656 Atlanta Hwy Cumming, GA 30040 | (770) 889-8842 | — | 4.9 |
| 1622 Market Pl Blvd Cumming, GA 30041 | (770) 889-4227 | — | 4.6 |
| 911 Market Pl Blvd Ste 12 Cumming, GA 30041 | (678) 456-5492 | — | 4.4 |
| 580 Atlanta Hwy Ste. 214 Cumming, GA 30040 | (770) 886-3238 | — | 4.6 |
| 1685 Market Pl Blvd Cumming, GA 30041 | (678) 947-1134 | — | 3.8 |
Pawn shops near Cumming
More about Cumming
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.