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Pawn Shops vs Payday Loans in Independence, MO
5 pawn shops in and around Independence — 3.9 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. Independence ranks #4 of 12 Missouri cities with pawn shops by shops per resident.
- Pawn shops
- 5
- Pawn shops per 100k
- 3.9
- Missouri: 3.0
- Big-chain shops
- 2
- Payday & loan stores
- 10
- Population
- 128,218
Pawn shops in Independence: addresses and phone numbers
| Pawn shop | Address | Phone | Website |
|---|---|---|---|
| 23rd Street Pawn | 2230 S Norton Ave B Independence, MO 64050 | (816) 886-1016 | 23pawn.com |
| Cash America PawnChain | 11501 E US Hwy 24 Independence, MO 64054 | (816) 836-9994 | find.cashamerica.us |
| Cash America PawnChain | 1417 S Noland Rd Independence, MO 64055 | (816) 833-8300 | cashamerica.us |
| Shop 'N Pawn | 12807 E US Hwy 40 Independence, MO 64055 | (816) 358-7296 | shopandpawn.com |
| Shop 'n Pawn Of Independence (on The Independence Square) | 211 N Osage St Independence, MO 64050 | (816) 254-0022 | shopnpawnofindependence.com |
Pawn shops vs payday loan stores in Independence
Independence has 10 payday, installment and title loan stores but only 5 pawn shops.
Pawn shops
5
3.9 per 100k residents
Payday & loan stores
10
7.8 per 100k residents
8 store chains
Biggest loan store chains in Independence: TitleMax (3), 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 (~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 Independence
- 3.0%
- Pawn cost, share of monthly household income in Independence
- 2.0%
- A $400 emergency equals
- 2.4 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% |
Independence at a glance
- Median household income
- $60,969
- Missouri: $73,651
- Poverty rate
- 15.0%
- Missouri: 12.7%
- Households under $25,000
- 18.6%
- Missouri: 16.2%
- A $400 emergency equals
- 2.4 days of income
Payday and installment loan stores in Independence
For comparison: storefront payday, installment and title lenders in Independence with addresses, phone numbers and hours.
| Address | Phone | Hours | Google rating |
|---|---|---|---|
| 10704 E US Hwy 24 Sugar Creek, MO 64054 | (816) 285-8595 | — | 5.0 |
| 11313 E US Hwy 40 Independence, MO 64055 | (816) 353-1754 | — | 4.9 |
| 16820 S Hub Dr Independence, MO 64055 | (816) 595-2900 | — | 4.9 |
| 3517 S. Noland Rd. Independence, MO 64055 | (816) 833-5718 | Mon–Fri 10:00 AM – 6:00 PM Sat 10:00 AM – 2:00 PM Sun closed |
— |
| 3801 S Noland Rd C Independence, MO 64055 | (816) 237-5801 | — | 4.4 |
| 20130 E Jackson Dr Independence, MO 64057 | (816) 299-4588 | — | 4.7 |
| 4201 S Noland Rd T Independence, MO 64055 | (816) 350-3245 | — | 4.4 |
| 10808 East 23rd St S Ste B Independence, MO 64052 | (816) 254-5509 | — | 4.9 |
| 11221 East 23rd St S Independence, MO 64052 | (816) 833-1200 | — | 4.8 |
| 2411 Rte 291 Ste P Independence, MO 64057 | (816) 461-5827 | — | 4.9 |
Pawn shops near Independence
More about Independence
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.