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 Florence, KY
5 pawn shops in and around Florence — 8.9 per 100,000 residents, compared with 5.4 across Kentucky. Call ahead to ask what they're buying and lending on today: inventory needs change weekly. Florence ranks #2 of 10 Kentucky cities with pawn shops by shops per resident.
- Pawn shops
- 5
- Pawn shops per 100k
- 8.9
- Kentucky: 5.4
- Big-chain shops
- 0
- Payday & loan stores
- 4
- Population
- 55,880
Pawn shops in Florence: addresses and phone numbers
| Pawn shop | Address | Phone | Website |
|---|---|---|---|
| Dixie Pawn Shop | 7009 Dixie Hwy Ste E Florence, KY 41042 | (859) 525-8494 | dixiepawn.com |
| Northern Kentucky Pawn | 8414 Highway 42 Florence, KY 41042 | — | palletskentucky.com |
| Quick Cash | 167 Lloyd Ave Florence, KY 41042 | (859) 282-7711 | pawnballs.com |
| Stringtown Jewelry & Pawn | 239 Main St Florence, KY 41042 | (859) 371-8128 | stringtownjewelrypawn.com |
| The Castle Jewelry and Pawn | 55 Spiral Dr Florence, KY 41042 | (859) 647-0400 | thecastlejewelry.com |
Pawn shops vs payday loan stores in Florence
Florence has 5 pawn shops and 4 payday, installment and title loan stores.
Pawn shops
5
8.9 per 100k residents
Payday & loan stores
4
7.2 per 100k residents
4 store chains
Biggest loan store chains in Florence: Advance America (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 (~391% 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 Florence
- 2.4%
- Pawn cost, share of monthly household income in Florence
- 1.6%
- A $400 emergency equals
- 1.9 days of income
Payday: the KY maximum — $75 on a $500 loan for 2 weeks, paid twice for a one-month loan. Pawn: an example rate of 20% a month; pawn fees and interest are set by Kentucky 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. Income: U.S. Census Bureau, American Community Survey.
Pawn loan vs payday loan: the key differences
| Pawn loan | Payday loan in KY | |
|---|---|---|
| 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 Kentucky | Pawnbrokers are licensed and regulated by Kentucky; fees, terms and holding periods are set by state law | Allowed, up to $500; typical APR ~391% |
Florence at a glance
- Median household income
- $75,582
- Kentucky: $65,382
- Poverty rate
- 8.9%
- Kentucky: 16.2%
- Households under $25,000
- 11.7%
- Kentucky: 19.8%
- A $400 emergency equals
- 1.9 days of income
Payday and installment loan stores in Florence
For comparison: storefront payday, installment and title lenders in Florence with addresses, phone numbers and hours.
| Address | Phone | Hours | Google rating |
|---|---|---|---|
| 7108 Turfway Road Florence, KY 41042 | (859) 746-0049 | Mon–Thu 10:00 AM – 6:00 PM Fri 9:00 AM – 6:00 PM Sat 9:00 AM – 1:00 PM Sun closed |
— |
| 212 Mt Zion Rd Florence, KY 41042 | (859) 474-5598 | — | — |
| 4971 Houston Rd Florence, KY 41042 | (859) 282-1145 | — | 4.7 |
| 7118 Turfway Rd Florence, KY 41042 | (859) 371-3300 | — | 4.3 |
Pawn shops near Florence
More about Florence
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.