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 Albuquerque, NM
14 pawn shops in and around Albuquerque — 2.1 per 100,000 residents, compared with 2.6 across New Mexico. Call ahead to ask what they're buying and lending on today: inventory needs change weekly. Albuquerque ranks #3 of 5 New Mexico cities with pawn shops by shops per resident.
- Pawn shops
- 14
- Pawn shops per 100k
- 2.1
- New Mexico: 2.6
- Big-chain shops
- 0
- Payday & loan stores
- 21
- Population
- 652,362
Pawn shops in Albuquerque: addresses and phone numbers
| Pawn shop | Address | Phone | Website |
|---|---|---|---|
| Albuquerque Pawn Shop | 501 Lomas Blvd NW Albuquerque, NM 87102 | (505) 242-5732 | albuquerquepawnshop.com |
| Crest Pawn Shop Inc | 1016 Juan Tabo Blvd NE Ste H Albuquerque, NM 87112 | (505) 292-8273 | — |
| Doc Holliday's Pawn Shop Llc | 1400 Juan Tabo Blvd NE Albuquerque, NM 87112 | (505) 296-5608 | doc-hollidays.com |
| Express Cash | 4710 San Mateo Blvd NE Albuquerque, NM 87109 | (505) 888-9798 | expcash.net |
| Happy Hocker Pawn Shop | 3715 Montgomery Blvd NE Albuquerque, NM 87109 | (505) 883-4114 | happyhockerpawn.com |
| Hock It to Me Pawn | 526 Louisiana Blvd SE Albuquerque, NM 87108 | (505) 255-3391 | hockittomepawn.com |
| Mrs. B's Pawn & Trading | 3543 Gibson Blvd SE Albuquerque, NM 87106 | (505) 265-2785 | mrsbspawnshop.com |
| Osuna Pawn | 5926 2nd St NW Albuquerque, NM 87107 | (505) 345-9136 | osunapawn.com |
| Pawn City | 5645 4th St NW Albuquerque, NM 87107 | (505) 345-9097 | pawncityinc.com |
| Rubys Pawn Shop | 1720 Bridge Blvd SW Ste D1 Albuquerque, NM 87105 | (505) 433-2447 | rubypawnshop.com |
| University Pawn | 1418 Central Ave SE Albuquerque, NM 87106 | (505) 433-3507 | universitypawn.net |
| Uptown Pawn | 10300 Menaul Blvd NE Ste 18 Albuquerque, NM 87112 | (505) 293-1863 | ebay.com |
| Wing Firearms & Pawn | 5715 Menaul Blvd NE Albuquerque, NM 87110 | (505) 884-7296 | wingpawn.com |
| Wing Firearms And Pawn | 1605 Juan Tabo Blvd NE Albuquerque, NM 87112 | (505) 884-7296 | wingpawn.com |
Pawn shops vs payday loan stores in Albuquerque
Albuquerque has 21 payday, installment and title loan stores but only 14 pawn shops.
Pawn shops
14
2.1 per 100k residents
Payday & loan stores
21
3.2 per 100k residents
8 store chains
Biggest loan store chains in Albuquerque: ACE Cash Express (6), OneMain Financial (4), TitleMax (3), Approved Cash (2), Check 'n Go (2).
Borrowing $500 for one month: payday vs pawn vs credit union
| Option | How it works | Cost for one month |
|---|---|---|
| Payday loan (not legal in New Mexico) | $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 Albuquerque
- 2.6%
- Pawn cost, share of monthly household income in Albuquerque
- 1.7%
- A $400 emergency equals
- 2.1 days of income
Payday: a typical fee of $75 on a $500 loan for 2 weeks, paid twice for a one-month loan (New Mexico 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 New Mexico 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 NM | |
|---|---|---|
| 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 New Mexico | Pawnbrokers are licensed and regulated by New Mexico; fees, terms and holding periods are set by state law | Storefront payday loans are not allowed in New Mexico |
Albuquerque at a glance
- Median household income
- $68,578
- New Mexico: $64,322
- Poverty rate
- 16.0%
- New Mexico: 18.1%
- Households under $25,000
- 19.1%
- New Mexico: 21.1%
- A $400 emergency equals
- 2.1 days of income
Payday and installment loan stores in Albuquerque
For comparison: storefront payday, installment and title lenders in Albuquerque with addresses, phone numbers and hours.
| Address | Phone | Hours | Google rating |
|---|---|---|---|
| 111 Coors Blvd NW Ste C1 Albuquerque, NM 87121 | (505) 836-2274 | — | 4.7 |
| 1521 Eubank Blvd NE Albuquerque, NM 87112 | (505) 296-2114 | — | 4.8 |
| 3200 Coors Blvd NW F Albuquerque, NM 87120 | (505) 831-6454 | — | 4.9 |
| 333 Montaño Rd NW Ste E Albuquerque, NM 87107 | (505) 342-2400 | — | 4.8 |
| 4001 San Mateo Blvd NE Ste D Albuquerque, NM 87110 | (505) 889-8084 | — | 4.8 |
| 4720 Central Ave SE Albuquerque, NM 87108 | (505) 266-6151 | — | 4.7 |
| 111 Coors Blvd NW Ste E1-E2 Albuquerque, NM 87121 | (505) 352-7322 | — | 4.3 |
| 11500 Menaul Blvd NE Ste E Albuquerque, NM 87112 | (505) 299-8789 | — | 4.0 |
| 5019 Menaul Blvd NE Albuquerque, NM 87110 | (505) 880-1733 | — | 3.6 |
| 6300 San Mateo Blvd NE Ste H-2 Albuquerque, NM 87109 | (505) 821-1911 | — | 3.9 |
| 3900 San Mateo Blvd NE Albuquerque, NM 87110 | (505) 883-3096 | — | 4.9 |
| 4420 Central Ave SW Albuquerque, NM 87105 | (505) 836-7310 | — | 5.0 |
| 4603 4th St NW Albuquerque, NM 87107 | (505) 217-7438 | — | 4.9 |
| 4701 Menaul Blvd NE Albuquerque, NM 87110 | (505) 881-2274 | — | 3.0 |
| Liberty Loans 8400 Menaul Blvd NE Ste B Albuquerque, NM 87112 | (505) 299-8484 | — | 2.6 |
| 1625 Rio Bravo Blvd SW Space #26 Albuquerque, NM 87105 | (505) 877-4049 | — | 4.9 |
| 6211 4th St NW #5 Albuquerque, NM 87107 | (505) 344-1660 | — | 4.6 |
| Western Finance 3765 Isleta Blvd SW Ste G Albuquerque, NM 87105 | (505) 873-6037 | — | 4.4 |
| Shamrock Finance 933 San Mateo Blvd NE Ste 200 Albuquerque, NM 87108 | (505) 889-8979 | — | 4.4 |
| 111 Coors Blvd NW #C2 Albuquerque, NM 87121 | (505) 831-1305 | — | 4.9 |
| 8212 Louisiana Blvd NE Ste B Albuquerque, NM 87113 | (505) 588-0070 | — | 4.8 |
Pawn shops near Albuquerque
More about Albuquerque
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.