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 New Orleans, LA
6 pawn shops in and around New Orleans — 1.4 per 100,000 residents, compared with 3.2 across Louisiana. Call ahead to ask what they're buying and lending on today: inventory needs change weekly. New Orleans ranks #19 of 19 Louisiana cities with pawn shops by shops per resident.
- Pawn shops
- 6
- Pawn shops per 100k
- 1.4
- Louisiana: 3.2
- Big-chain shops
- 4
- Payday & loan stores
- 8
- Population
- 414,097
Pawn shops in New Orleans: addresses and phone numbers
| Pawn shop | Address | Phone | Website |
|---|---|---|---|
| Cash America PawnChain | 1601 Newton St New Orleans, LA 70114 | (504) 362-3446 | find.cashamerica.us |
| Cash America PawnChain | 3051 Gentilly Blvd New Orleans, LA 70122 | (504) 283-4743 | cashamerica.com |
| Cash America PawnChain | 3315 Jefferson Hwy Jefferson, LA 70121 | (504) 828-4655 | cashamerica.com |
| Cash America PawnChain | 5771 Crowder Blvd New Orleans, LA 70127 | (504) 241-1656 | find.cashamerica.us |
| Fischer's Loan Company | 1036 Canal St New Orleans, LA 70112 | (504) 568-9105 | fischersjewelryoncanal.com |
| Magazine Pawn Shop | 3315 Magazine St New Orleans, LA 70115 | (504) 891-1332 | magazinepawn.com |
Pawn shops vs payday loan stores in New Orleans
New Orleans has 8 payday, installment and title loan stores but only 6 pawn shops.
Pawn shops
6
1.4 per 100k residents
Payday & loan stores
8
1.9 per 100k residents
3 store chains
Biggest loan store chains in New Orleans: ACE Cash Express (6), Advance America (1), OneMain Financial (1).
Borrowing $350 for one month: payday vs pawn vs credit union
| Option | How it works | Cost for one month |
|---|---|---|
| Payday loan (~780% APR) | $68.62 fee every 2 weeks, renewed once | $137.24 |
| Pawn loan (example: 20% a month) | You leave an item worth more than the loan; repay to get it back | $70.00 |
| Credit union PAL (28% APR + $20 fee) | Repaid in installments; membership required | $28.17 |
- Payday cost, share of monthly household income in New Orleans
- 2.7%
- Pawn cost, share of monthly household income in New Orleans
- 1.4%
- A $400 emergency equals
- 2.4 days of income
Payday: the LA maximum — $68.62 on a $350 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 Louisiana 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 LA | |
|---|---|---|
| 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 Louisiana | Pawnbrokers are licensed and regulated by Louisiana; fees, terms and holding periods are set by state law | Allowed, up to $350; typical APR ~780% |
New Orleans at a glance
- Median household income
- $59,924
- Louisiana: $62,722
- Poverty rate
- 21.5%
- Louisiana: 19.0%
- Households under $25,000
- 27.1%
- Louisiana: 22.6%
- A $400 emergency equals
- 2.4 days of income
Payday and installment loan stores in New Orleans
For comparison: storefront payday, installment and title lenders in New Orleans with addresses, phone numbers and hours.
| Address | Phone | Hours | Google rating |
|---|---|---|---|
| 1026 Canal St New Orleans, LA 70112 | (504) 566-1683 | — | 4.9 |
| 2729 St Claude Ave New Orleans, LA 70117 | (504) 948-9327 | — | 5.0 |
| 3150 Gentilly Blvd New Orleans, LA 70122 | (504) 944-2274 | — | 4.9 |
| 401 S Claiborne Ave New Orleans, LA 70112 | (504) 529-5219 | — | 5.0 |
| 4103 Jefferson Hwy Jefferson, LA 70121 | (504) 837-6552 | — | 4.9 |
| 4638 Washington Ave New Orleans, LA 70125 | (504) 486-8950 | — | 5.0 |
| 2093 Caton St. New Orleans, LA 70122 | (504) 288-6538 | Mon–Thu 10:00 AM – 6:00 PM Fri 9:00 AM – 6:00 PM Sat 9:00 AM – 1:00 PM Sun closed |
— |
| 6600 Franklin Ave Ste A9 New Orleans, LA 70122 | (504) 282-0286 | — | 4.4 |
Pawn shops near New Orleans
More about New Orleans
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.