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Pawn Shops vs Payday Loans in Durham, NC
10 pawn shops in and around Durham — 3.2 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. Durham ranks #26 of 34 North Carolina cities with pawn shops by shops per resident.
- Pawn shops
- 10
- Pawn shops per 100k
- 3.2
- North Carolina: 3.5
- Big-chain shops
- 0
- Payday & loan stores
- 4
- Population
- 313,633
Pawn shops in Durham: addresses and phone numbers
| Pawn shop | Address | Phone | Website |
|---|---|---|---|
| Affordable Jewelry and Pawn Inc | 3616 Hillsborough Rd Durham, NC 27705 | (919) 382-8021 | affordablepawnnc.com |
| National Pawn | 2731 Durham Chapel Hill Blvd Durham, NC 27707 | (919) 489-0000 | firstcash.com |
| National Pawn | 3165 Hillsborough Rd Durham, NC 27705 | (919) 383-3333 | nationalpawnshops.com |
| National Pawn | 3407 N Roxboro St Durham, NC 27704 | (919) 220-9999 | firstcash.com |
| National Pawn and Jewelry | 2334 Guess Rd Durham, NC 27705 | (919) 286-3333 | nationalpawnshops.com |
| Pat's Pawn Shop (A Picasso Company) | 1715 Holloway St Durham, NC 27703 | (919) 683-1240 | picassopawn.com |
| Picasso Pawn | 1618 S Miami Blvd Durham, NC 27703 | (919) 598-0707 | picassopawn.com |
| Picasso Pawn | 2216 N Roxboro St Durham, NC 27704 | (919) 220-4164 | picassopawn.com |
| Picasso Pawn | 5004 Nc-55 Durham, NC 27713 | (919) 246-9920 | picassopawn.com |
| Picasso Pawn | 928 N Miami Blvd Durham, NC 27703 | (919) 688-4361 | picassopawn.com |
Pawn shops vs payday loan stores in Durham
Durham has 10 pawn shops and 4 payday, installment and title loan stores.
Pawn shops
10
3.2 per 100k residents
Payday & loan stores
4
1.3 per 100k residents
3 store chains
Biggest loan store chains in Durham: OneMain Financial (2), ACE Cash Express (1), Lendmark Financial Services (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 Durham
- 2.3%
- Pawn cost, share of monthly household income in Durham
- 1.5%
- A $400 emergency equals
- 1.8 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 |
Durham at a glance
- Median household income
- $79,426
- North Carolina: $74,061
- Poverty rate
- 12.5%
- North Carolina: 13.2%
- Households under $25,000
- 13.4%
- North Carolina: 16.3%
- A $400 emergency equals
- 1.8 days of income
Payday and installment loan stores in Durham
For comparison: storefront payday, installment and title lenders in Durham with addresses, phone numbers and hours.
| Address | Phone | Hours | Google rating |
|---|---|---|---|
| 105 NC-54 #227 Durham, NC 27713 | (919) 297-1092 | — | 3.7 |
| 3511 Witherspoon Blvd #102 Durham, NC 27707 | (919) 968-1102 | — | 4.0 |
| 1100 N Miami Blvd Ste 109 Durham, NC 27703 | (919) 682-2977 | — | 4.9 |
| 4711 Hope Valley Rd #5C Durham, NC 27707 | (919) 401-3544 | — | 4.6 |
Pawn shops near Durham
More about Durham
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.