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Pawn Shops vs Payday Loans in Jackson, MS
11 pawn shops in and around Jackson — 7.3 per 100,000 residents, compared with 5.1 across Mississippi. Call ahead to ask what they're buying and lending on today: inventory needs change weekly. Jackson ranks #2 of 8 Mississippi cities with pawn shops by shops per resident.
- Pawn shops
- 11
- Pawn shops per 100k
- 7.3
- Mississippi: 5.1
- Big-chain shops
- 3
- Payday & loan stores
- 2
- Population
- 151,025
Pawn shops in Jackson: addresses and phone numbers
| Pawn shop | Address | Phone | Website |
|---|---|---|---|
| Capital Pawn - Jackson | 3295 Highway 80 W Jackson, MS 39204 | (601) 355-7296 | capitalpawn.com |
| Charlie's Pawn Shop | 5320 Clinton Blvd Jackson, MS 39209 | (601) 922-9744 | charliespawnshop.com |
| Collateral Lenders | 817 E River Pl Jackson, MS 39202 | (601) 340-4001 | collaterallenders.com |
| Discount Pawn & Jewelry | 3770 Highway 80 W Jackson, MS 39209 | (601) 923-8999 | — |
| DJ's Silvermine | 4631 N Hwy 55 Jackson, MS 39206 | (601) 982-1188 | — |
| Jackson Jewelry & Pawn | 3705 N West St Jackson, MS 39216 | (601) 713-2274 | bigasspawnshop.com |
| Momentum Pawn | 1425 University Blvd Jackson, MS 39204 | (601) 352-5252 | momentumpawn.com |
| Momentum Pawn | 4325 N State St Jackson, MS 39206 | (601) 981-7296 | — |
| USA PawnChain | 1171 Bobby Rush Blvd Jackson, MS 39209 | (601) 501-7296 | usapawn.com |
| USA PawnChain | 203 W Woodrow Wilson Ave Jackson, MS 39213 | (015) 017-2961 | usapawn.com |
| USA PawnChain | 2685 I 55 S Jackson, MS 39204 | (601) 501-7296 | usapawn.com |
Pawn shops vs payday loan stores in Jackson
Jackson has 11 pawn shops and 2 payday, installment and title loan stores.
Pawn shops
11
7.3 per 100k residents
Payday & loan stores
2
1.3 per 100k residents
2 store chains
Biggest loan store chains in Jackson: Advance America (1), Check Into Cash (1).
Borrowing $500 for one month: payday vs pawn vs credit union
| Option | How it works | Cost for one month |
|---|---|---|
| Payday loan (~521% APR) | $100.00 fee every 2 weeks, renewed once | $200.00 |
| 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 Jackson
- 5.5%
- Pawn cost, share of monthly household income in Jackson
- 2.7%
- A $400 emergency equals
- 3.3 days of income
Payday: the MS maximum — $100 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 Mississippi 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 MS | |
|---|---|---|
| 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 Mississippi | Pawnbrokers are licensed and regulated by Mississippi; fees, terms and holding periods are set by state law | Allowed, up to $500; typical APR ~521% |
Jackson at a glance
- Median household income
- $44,026
- Mississippi: $57,184
- Poverty rate
- 27.6%
- Mississippi: 19.2%
- Households under $25,000
- 30.5%
- Mississippi: 23.8%
- A $400 emergency equals
- 3.3 days of income
Payday and installment loan stores in Jackson
For comparison: storefront payday, installment and title lenders in Jackson with addresses, phone numbers and hours.
| Address | Phone | Hours | Google rating |
|---|---|---|---|
| 1444 Bobby Rush Blvd. Jackson, MS 39204 | (601) 352-6004 | Mon–Thu 10:00 AM – 6:00 PM Fri 9:00 AM – 6:00 PM Sat–Sun closed |
— |
| 4896 Hwy 18 W Jackson, MS 39204 | (601) 922-1904 | — | 3.9 |
Pawn shops near Jackson
More about Jackson
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.