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 Terre Haute, IN
4 pawn shops in and around Terre Haute — 4.3 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. Terre Haute ranks #5 of 17 Indiana cities with pawn shops by shops per resident.
- Pawn shops
- 4
- Pawn shops per 100k
- 4.3
- Indiana: 2.2
- Big-chain shops
- 1
- Payday & loan stores
- 4
- Population
- 92,927
Pawn shops in Terre Haute: addresses and phone numbers
| Pawn shop | Address | Phone | Website |
|---|---|---|---|
| Do Right | 1729 S 7th St Terre Haute, IN 47802 | (812) 230-2045 | doright50551110-341298.hibustudio.com |
| First Cash PawnChain | 11 W Honey Creek Dr Terre Haute, IN 47802 | (812) 238-3663 | firstcash.com |
| Pawn It | 1956 N 25th St Terre Haute, IN 47804 | (812) 235-9361 | pawnit-indiana.com |
| Pawn It Inc | 329 E Voorhees St Terre Haute, IN 47802 | (812) 235-9800 | pawnit-indiana.com |
Pawn shops vs payday loan stores in Terre Haute
Terre Haute has 4 pawn shops and 4 payday, installment and title loan stores.
Pawn shops
4
4.3 per 100k residents
Payday & loan stores
4
4.3 per 100k residents
4 store chains
Biggest loan store chains in Terre Haute: Advance America (1), Check Into Cash (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 (~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 Terre Haute
- 3.4%
- Pawn cost, share of monthly household income in Terre Haute
- 2.3%
- A $400 emergency equals
- 2.7 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% |
Terre Haute at a glance
- Median household income
- $53,155
- Indiana: $73,437
- Poverty rate
- 20.6%
- Indiana: 12.4%
- Households under $25,000
- 24.9%
- Indiana: 15.4%
- A $400 emergency equals
- 2.7 days of income
Payday and installment loan stores in Terre Haute
For comparison: storefront payday, installment and title lenders in Terre Haute with addresses, phone numbers and hours.
| Address | Phone | Hours | Google rating |
|---|---|---|---|
| 1800 Fort Harrison Rd., Ste. 3 Terre Haute, IN 47804 | (812) 466-1094 | Mon–Fri 10:00 AM – 6:00 PM Sat 10:00 AM – 2:00 PM Sun closed |
— |
| 2736 Wabash Ave Ste a Terre Haute, IN 47803 | (812) 478-3243 | — | 4.9 |
| 3183 S 3rd Pl Terre Haute, IN 47802 | (812) 235-9000 | — | 5.0 |
| 100 S 8th St Terre Haute, IN 47807 | (812) 232-0211 | — | 4.3 |
Pawn shops near Terre Haute
More about Terre Haute
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.