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 Columbia, MO
3 pawn shops in and around Columbia — 1.9 per 100,000 residents, compared with 3.0 across Missouri. Call ahead to ask what they're buying and lending on today: inventory needs change weekly. Columbia ranks #10 of 12 Missouri cities with pawn shops by shops per resident.
- Pawn shops
- 3
- Pawn shops per 100k
- 1.9
- Missouri: 3.0
- Big-chain shops
- 0
- Payday & loan stores
- 8
- Population
- 157,464
Pawn shops in Columbia: addresses and phone numbers
| Pawn shop | Address | Phone | Website |
|---|---|---|---|
| Family Pawn | 915 Business Loop 70 E Columbia, MO 65201 | (573) 443-8673 | familypawn.com |
| Family Pawn On Paris Road | 2416 Paris Rd Columbia, MO 65202 | (573) 474-1262 | familypawn.com |
| Tiger Pawn | 1209 Business Loop 70 E Columbia, MO 65201 | (573) 442-7100 | tigerpawnstore.com |
Pawn shops vs payday loan stores in Columbia
Columbia has 8 payday, installment and title loan stores but only 3 pawn shops.
Pawn shops
3
1.9 per 100k residents
Payday & loan stores
8
5.1 per 100k residents
8 store chains
Biggest loan store chains in Columbia: Advance America (1), Check 'n Go (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 (~462% 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 Columbia
- 2.7%
- Pawn cost, share of monthly household income in Columbia
- 1.8%
- A $400 emergency equals
- 2.2 days of income
Payday: a typical fee of $75 on a $500 loan for 2 weeks, paid twice for a one-month loan (Missouri 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 Missouri 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 MO | |
|---|---|---|
| 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 Missouri | Pawnbrokers are licensed and regulated by Missouri; fees, terms and holding periods are set by state law | Allowed, up to $500; typical APR ~462% |
Columbia at a glance
- Median household income
- $66,332
- Missouri: $73,651
- Poverty rate
- 19.8%
- Missouri: 12.7%
- Households under $25,000
- 19.4%
- Missouri: 16.2%
- A $400 emergency equals
- 2.2 days of income
Payday and installment loan stores in Columbia
For comparison: storefront payday, installment and title lenders in Columbia with addresses, phone numbers and hours.
| Address | Phone | Hours | Google rating |
|---|---|---|---|
| 300 E. Ash Street Columbia, MO 65201 | (573) 449-8550 | Mon–Fri 10:00 AM – 6:00 PM Sat 10:00 AM – 1:00 PM Sun closed |
— |
| 805 E Nifong Blvd E Columbia, MO 65201 | (573) 449-5250 | — | 4.7 |
| 3304 W Broadway Business Park Ct Ste H Columbia, MO 65203 | (573) 397-5850 | — | 4.7 |
| 2703 E Broadway #222 Columbia, MO 65201 | (573) 303-0051 | — | 4.7 |
| 21 Conley Rd Ste p Columbia, MO 65201 | (573) 442-9553 | — | 3.4 |
| 1414 Interstate 70 Dr SW C Columbia, MO 65203 | (573) 443-0065 | — | 5.0 |
| 1412 Interstate 70 Dr SW Ste 104 & 105 Columbia, MO 65203 | (573) 441-2565 | — | 4.9 |
| 1202 Business Loop 70 E Columbia, MO 65201 | (573) 443-1845 | — | 4.9 |
Pawn shops near Columbia
More about Columbia
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.