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 Fargo, ND
6 pawn shops in and around Fargo — 4.6 per 100,000 residents, compared with 2.2 across North Dakota. Call ahead to ask what they're buying and lending on today: inventory needs change weekly. Fargo ranks #1 of 4 North Dakota cities with pawn shops by shops per resident.
- Pawn shops
- 6
- Pawn shops per 100k
- 4.6
- North Dakota: 2.2
- Big-chain shops
- 1
- Payday & loan stores
- 1
- Population
- 131,261
Pawn shops in Fargo: addresses and phone numbers
| Pawn shop | Address | Phone | Website |
|---|---|---|---|
| First National Pawn | 2305 Main Ave Fargo, ND 58103 | (701) 293-7370 | m.firstnationalpawn.net |
| Mister Money Usa (44) | 1404 33rd St S Ste G Fargo, ND 58103 | (701) 235-6130 | mistermoneyfargo.com |
| Pawn AmericaChain | 3520 13th Ave S Fargo, ND 58103 | (701) 298-7765 | pawnamerica.com |
| Pawn Pros | 1402 13 1/2 St S Fargo, ND 58103 | (701) 566-5393 | pawnprosfargo.com |
| Used-A-Bit Sales & Pawn | 2105 Main Ave Fargo, ND 58103 | (701) 239-9041 | usedabit.com |
| Used-A-Bit Sales and Pawn | 855 45th St S D Fargo, ND 58103 | (701) 277-5056 | usedabit.com |
Pawn shops vs payday loan stores in Fargo
Fargo has 6 pawn shops and 1 payday, installment and title loan stores.
Pawn shops
6
4.6 per 100k residents
Payday & loan stores
1
0.8 per 100k residents
1 store chain
Biggest loan store chains in Fargo: OneMain Financial (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 Fargo
- 3.5%
- Pawn cost, share of monthly household income in Fargo
- 1.8%
- A $400 emergency equals
- 2.1 days of income
Payday: the ND 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 North Dakota 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 ND | |
|---|---|---|
| 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 Dakota | Pawnbrokers are licensed and regulated by North Dakota; fees, terms and holding periods are set by state law | Allowed, up to $500; typical APR ~521% |
Fargo at a glance
- Median household income
- $68,404
- North Dakota: $77,573
- Poverty rate
- 12.6%
- North Dakota: 10.9%
- Households under $25,000
- 15.7%
- North Dakota: 14.6%
- A $400 emergency equals
- 2.1 days of income
Payday and installment loan stores in Fargo
For comparison: storefront payday, installment and title lenders in Fargo with addresses, phone numbers and hours.
| Address | Phone | Hours | Google rating |
|---|---|---|---|
| 4900 13th Ave S #2 Fargo, ND 58103 | (701) 293-9200 | — | 3.4 |
Pawn shops near Fargo
More about Fargo
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.