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Pawn Shops vs Payday Loans in Evansville, IN
7 pawn shops in and around Evansville — 3.8 per 100,000 residents, compared with 2.2 across Indiana. Call ahead to ask what they're buying and lending on today: inventory needs change weekly. Evansville ranks #6 of 17 Indiana cities with pawn shops by shops per resident.
- Pawn shops
- 7
- Pawn shops per 100k
- 3.8
- Indiana: 2.2
- Big-chain shops
- 2
- Payday & loan stores
- 7
- Population
- 183,323
Pawn shops in Evansville: addresses and phone numbers
| Pawn shop | Address | Phone | Website |
|---|---|---|---|
| CashlandChain | 2039 Washington Ave Evansville, IN 47714 | (812) 471-2824 | cashland.com |
| CashlandChain | 301 E Diamond Ave Evansville, IN 47711 | (812) 421-0265 | cashland.com |
| Fare Loans Jewelry & Pawn | 1432 N Fares Ave Evansville, IN 47711 | (812) 468-4000 | bulletspawn.com |
| Goldman's Pawn Shop | 107 SE 4th St Evansville, IN 47708 | (812) 423-9631 | etsy.com |
| Pawn 2 Cash | 515 E Diamond Ave Evansville, IN 47711 | (812) 602-3408 | p2cpawn.com |
| River City Pawn | 1731 N Green River Rd Evansville, IN 47715 | (812) 477-3345 | rcpawn.com |
| River City Pawn | 201 N Fulton Ave Evansville, IN 47710 | (812) 422-7296 | rcpawn.com |
Pawn shops vs payday loan stores in Evansville
Evansville has 7 pawn shops and 7 payday, installment and title loan stores.
Pawn shops
7
3.8 per 100k residents
Payday & loan stores
7
3.8 per 100k residents
5 store chains
Biggest loan store chains in Evansville: Check Into Cash (2), OneMain Financial (2), Advance America (1), Check 'n Go (1), Mariner Finance (1).
Borrowing $500 for one month: payday vs pawn vs credit union
| Option | How it works | Cost for one month |
|---|---|---|
| Payday loan (~382% 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 Evansville
- 2.8%
- Pawn cost, share of monthly household income in Evansville
- 1.9%
- A $400 emergency equals
- 2.3 days of income
Payday: a typical fee of $75 on a $500 loan for 2 weeks, paid twice for a one-month loan (Indiana 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 Indiana 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 IN | |
|---|---|---|
| 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 Indiana | Pawnbrokers are licensed and regulated by Indiana; fees, terms and holding periods are set by state law | Allowed, up to $605; typical APR ~382% |
Evansville at a glance
- Median household income
- $64,157
- Indiana: $73,437
- Poverty rate
- 14.4%
- Indiana: 12.4%
- Households under $25,000
- 16.6%
- Indiana: 15.4%
- A $400 emergency equals
- 2.3 days of income
Payday and installment loan stores in Evansville
For comparison: storefront payday, installment and title lenders in Evansville with addresses, phone numbers and hours.
| Address | Phone | Hours | Google rating |
|---|---|---|---|
| 619 N Burkhardt Rd Ste B Evansville, IN 47715 | (812) 475-1250 | — | 4.9 |
| 630 E Diamond Ave Evansville, IN 47711 | (812) 423-3880 | — | 4.9 |
| 1813 N Green River Rd Evansville, IN 47715 | (812) 479-6895 | — | 4.1 |
| 5225 Pearl Dr Ste A1 Evansville, IN 47712 | (812) 425-6137 | — | 4.5 |
| 1355 Covert Ave. Evansville, IN 47714 | (812) 471-9143 | Mon–Fri 10:00 AM – 6:00 PM Sat 10:00 AM – 2:00 PM Sun closed |
— |
| 301 N First Ave Evansville, IN 47710 | (812) 468-8000 | — | 4.8 |
| 825 N Green River Rd Evansville, IN 47715 | (812) 473-1676 | — | 4.7 |
Pawn shops near Evansville
More about Evansville
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.