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Pawn Shops vs Payday Loans in Concord, NC
7 pawn shops in and around Concord — 5.1 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. Concord ranks #20 of 34 North Carolina cities with pawn shops by shops per resident.
- Pawn shops
- 7
- Pawn shops per 100k
- 5.1
- North Carolina: 3.5
- Big-chain shops
- 0
- Payday & loan stores
- 3
- Population
- 136,939
Pawn shops in Concord: addresses and phone numbers
| Pawn shop | Address | Phone | Website |
|---|---|---|---|
| City Pawn Shop | 739 Church St N Concord, NC 28025 | (704) 782-9804 | citypawnnc.com |
| Concord Jewelry and Pawn | 590 Concord Pkwy N Concord, NC 28027 | (980) 781-1636 | — |
| Hal's Pawn & Gun Shop | 595 Church St N Concord, NC 28025 | (704) 782-8112 | halspawnandgun.com |
| Kwick Kash Pawn & Jewelry | 222 Cabarrus Ave W Concord, NC 28025 | (704) 788-2274 | kwickkashpawnjewelry.com |
| Lupitas Pawn & Jewelry | 232 Cabarrus Ave W Concord, NC 28025 | (704) 786-3000 | — |
| National Pawn | 1101 Concord Pkwy N Concord, NC 28027 | — | — |
| Steve's Gun & Pawn | 610 Church St N Concord, NC 28025 | (704) 784-5941 | ianspawnandgun.com |
Pawn shops vs payday loan stores in Concord
Concord has 7 pawn shops and 3 payday, installment and title loan stores.
Pawn shops
7
5.1 per 100k residents
Payday & loan stores
3
2.2 per 100k residents
3 store chains
Biggest loan store chains in Concord: 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 Concord
- 2.1%
- Pawn cost, share of monthly household income in Concord
- 1.4%
- A $400 emergency equals
- 1.7 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 |
Concord at a glance
- Median household income
- $84,973
- North Carolina: $74,061
- Poverty rate
- 9.3%
- North Carolina: 13.2%
- Households under $25,000
- 12.7%
- North Carolina: 16.3%
- A $400 emergency equals
- 1.7 days of income
Payday and installment loan stores in Concord
For comparison: storefront payday, installment and title lenders in Concord with addresses, phone numbers and hours.
| Address | Phone | Hours | Google rating |
|---|---|---|---|
| 8613 Concord Mills Boulevard Concord, NC 28027 | (980) 771-0450 | — | 4.7 |
| 93 Concord Commons Pl SW Concord, NC 28027 | (980) 528-4220 | — | 5.0 |
| 1096 Concord Pkwy N #13 Concord, NC 28027 | (704) 788-3170 | — | 4.3 |
Pawn shops near Concord
More about Concord
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.