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 Billings, MT
11 pawn shops in and around Billings — 7.6 per 100,000 residents, compared with 6.1 across Montana. Call ahead to ask what they're buying and lending on today: inventory needs change weekly. Billings ranks #4 of 6 Montana cities with pawn shops by shops per resident.
- Pawn shops
- 11
- Pawn shops per 100k
- 7.6
- Montana: 6.1
- Big-chain shops
- 0
- Payday & loan stores
- 1
- Population
- 145,092
Pawn shops in Billings: addresses and phone numbers
| Pawn shop | Address | Phone | Website |
|---|---|---|---|
| Cash King Pawn | 1441 15th St W Billings, MT 59102 | — | — |
| Daddyo's Pawn | 1116 Central Ave Billings, MT 59102 | (406) 252-6516 | daddyospawn.com |
| Express Pawn, Inc. | 1 MacArthur Ave Billings, MT 59101 | (406) 256-7050 | expresspawn.net |
| First National Pawn | 1313 Broadwater Ave Billings, MT 59102 | (406) 245-7022 | firstnationalpawn.com |
| National Pawn | 1416 Main St Billings, MT 59105 | (406) 281-8546 | nationalpawninc.wixsite.com |
| Northside Pawn | 2209 First Ave N Billings, MT 59101 | (406) 896-0333 | northsidepawn.com |
| Northwest Pawn and Gun | 1717 Central Ave Billings, MT 59102 | (406) 256-7871 | northwestpawnandgunbillings.com |
| Pawn Guys | 1842 Main St Billings, MT 59105 | (406) 248-7300 | — |
| Platinum Plus Pawn | 1142 Grand Ave Billings, MT 59102 | (406) 259-2087 | platinumpluspawnmt.com |
| Western Pawn & Bail Bond | 2817 Montana Ave Billings, MT 59101 | (406) 245-2334 | westernpawnandbail.com |
| Yellowstone Pawn | 2011 Grand Ave Billings, MT 59102 | (406) 656-4304 | pawnongrand.com |
Pawn shops vs payday loan stores in Billings
Billings has 11 pawn shops and 1 payday, installment and title loan stores.
Pawn shops
11
7.6 per 100k residents
Payday & loan stores
1
0.7 per 100k residents
1 store chain
Biggest loan store chains in Billings: OneMain Financial (1).
Borrowing $500 for one month: payday vs pawn vs credit union
| Option | How it works | Cost for one month |
|---|---|---|
| Payday loan (not legal in Montana) | $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 Billings
- 2.3%
- Pawn cost, share of monthly household income in Billings
- 1.6%
- A $400 emergency equals
- 1.9 days of income
Payday: a typical fee of $75 on a $500 loan for 2 weeks, paid twice for a one-month loan (Montana 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 Montana 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 MT | |
|---|---|---|
| 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 Montana | Pawnbrokers are licensed and regulated by Montana; fees, terms and holding periods are set by state law | Storefront payday loans are not allowed in Montana |
Billings at a glance
- Median household income
- $76,702
- Montana: $71,403
- Poverty rate
- 10.3%
- Montana: 12.2%
- Households under $25,000
- 13.3%
- Montana: 15.8%
- A $400 emergency equals
- 1.9 days of income
Payday and installment loan stores in Billings
For comparison: storefront payday, installment and title lenders in Billings with addresses, phone numbers and hours.
| Address | Phone | Hours | Google rating |
|---|---|---|---|
| 1633 Main St Unit C Billings, MT 59105 | (406) 238-9800 | — | 4.5 |
Pawn shops near Billings
More about Billings
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.