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Pawn Shops vs Payday Loans in Clinton Township, MI
2 pawn shops in and around Clinton Township — 2.0 per 100,000 residents, compared with 1.6 across Michigan. Call ahead to ask what they're buying and lending on today: inventory needs change weekly. Clinton Township ranks #19 of 28 Michigan cities with pawn shops by shops per resident.
- Pawn shops
- 2
- Pawn shops per 100k
- 2.0
- Michigan: 1.6
- Big-chain shops
- 0
- Payday & loan stores
- 1
- Population
- 100,029
Pawn shops in Clinton Township: addresses and phone numbers
| Pawn shop | Address | Phone | Website |
|---|---|---|---|
| The Cash Exchange Automotive Pawnbroker | 35732 Groesbeck Hwy Clinton Twp, MI 48035 | (586) 477-1988 | thecashexchange.com |
| The Cash Exchange Pawnbrokers | 35943 S Gratiot Ave Clinton Twp, MI 48035 | (586) 792-2274 | thecashexchange.com |
Pawn shops vs payday loan stores in Clinton Township
Clinton Township has 2 pawn shops and 1 payday, installment and title loan stores.
Pawn shops
2
2.0 per 100k residents
Payday & loan stores
1
1.0 per 100k residents
1 store chain
Biggest loan store chains in Clinton Township: Advance America (1).
Borrowing $500 for one month: payday vs pawn vs credit union
| Option | How it works | Cost for one month |
|---|---|---|
| Payday loan (~369% 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 Clinton Township
- 2.5%
- Pawn cost, share of monthly household income in Clinton Township
- 1.7%
- A $400 emergency equals
- 2.0 days of income
Payday: a typical fee of $75 on a $500 loan for 2 weeks, paid twice for a one-month loan (Michigan 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 Michigan 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 MI | |
|---|---|---|
| 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 Michigan | Pawnbrokers are licensed and regulated by Michigan; fees, terms and holding periods are set by state law | Allowed, up to $600; typical APR ~369% |
Clinton Township at a glance
- Median household income
- $72,504
- Michigan: $75,812
- Poverty rate
- 10.2%
- Michigan: 13.3%
- Households under $25,000
- 14.5%
- Michigan: 16.1%
- A $400 emergency equals
- 2.0 days of income
Payday and installment loan stores in Clinton Township
For comparison: storefront payday, installment and title lenders in Clinton Township with addresses, phone numbers and hours.
| Address | Phone | Hours | Google rating |
|---|---|---|---|
| 21372 Hall Road Clinton Township, MI 48038 | (586) 468-6835 | Mon–Thu 10:00 AM – 6:00 PM Fri 9:00 AM – 6:00 PM Sat 10:00 AM – 2:00 PM Sun closed |
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Pawn shops near Clinton Township
More about Clinton Township
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.