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Pawn Shops vs Payday Loans in Asheboro, NC
5 pawn shops in and around Asheboro — 8.5 per 100,000 residents, compared with 3.5 across North Carolina. Call ahead to ask what they're buying and lending on today: inventory needs change weekly. Asheboro ranks #1 of 34 North Carolina cities with pawn shops by shops per resident.
- Pawn shops
- 5
- Pawn shops per 100k
- 8.5
- North Carolina: 3.5
- Big-chain shops
- 0
- Payday & loan stores
- 3
- Population
- 58,853
Pawn shops in Asheboro: addresses and phone numbers
| Pawn shop | Address | Phone | Website |
|---|---|---|---|
| Asheboro Gold & Pawn | 378 N Fayetteville St Asheboro, NC 27203 | (336) 328-0303 | asheboropawn.com |
| Broken Clays | 319 Nc-42 E Asheboro, NC 27205 | (336) 626-8900 | brokenclaysguns.com |
| Garner Brothers-Randolph County Pawn Stars | 2445 Fayetteville St Asheboro, NC 27203 | (336) 672-0421 | — |
| the Pawn Shack | 532 S Fayetteville St Asheboro, NC 27203 | (336) 628-0375 | thepawnshack.com |
| Treasure World | 823 E Dixie Dr Asheboro, NC 27203 | (800) 895-7296 | treasureworldgunandpawn.com |
Pawn shops vs payday loan stores in Asheboro
Asheboro has 5 pawn shops and 3 payday, installment and title loan stores.
Pawn shops
5
8.5 per 100k residents
Payday & loan stores
3
5.1 per 100k residents
3 store chains
Biggest loan store chains in Asheboro: 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 (not legal in North Carolina) | $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 Asheboro
- 3.1%
- Pawn cost, share of monthly household income in Asheboro
- 2.1%
- A $400 emergency equals
- 2.5 days of income
Payday: a typical fee of $75 on a $500 loan for 2 weeks, paid twice for a one-month loan (North Carolina 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 North Carolina 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 NC | |
|---|---|---|
| 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 North Carolina | Pawnbrokers are licensed and regulated by North Carolina; fees, terms and holding periods are set by state law | Storefront payday loans are not allowed in North Carolina |
Asheboro at a glance
- Median household income
- $57,394
- North Carolina: $74,061
- Poverty rate
- 15.9%
- North Carolina: 13.2%
- Households under $25,000
- 20.4%
- North Carolina: 16.3%
- A $400 emergency equals
- 2.5 days of income
Payday and installment loan stores in Asheboro
For comparison: storefront payday, installment and title lenders in Asheboro with addresses, phone numbers and hours.
| Address | Phone | Hours | Google rating |
|---|---|---|---|
| 1510 E Dixie Dr Suite L Asheboro, NC 27203 | (336) 521-7201 | — | 4.1 |
| 1220 E Dixie Dr Unit A Asheboro, NC 27203 | (336) 633-1690 | — | 4.5 |
| 405 E Dixie Dr h Asheboro, NC 27203 | (336) 626-7661 | — | 3.5 |
Pawn shops near Asheboro
More about Asheboro
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.