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Pawn Shops vs Payday Loans in Cleveland, OH
10 pawn shops in and around Cleveland — 1.4 per 100,000 residents, compared with 2.0 across Ohio. Call ahead to ask what they're buying and lending on today: inventory needs change weekly. Cleveland ranks #24 of 26 Ohio cities with pawn shops by shops per resident.
- Pawn shops
- 10
- Pawn shops per 100k
- 1.4
- Ohio: 2.0
- Big-chain shops
- 2
- Payday & loan stores
- 20
- Population
- 734,002
Pawn shops in Cleveland: addresses and phone numbers
| Pawn shop | Address | Phone | Website |
|---|---|---|---|
| ABC Pawn Coin and Jewelry II Corp | 6074 State Rd Parma, OH 44134 | (440) 884-7296 | abcpawnparma.com |
| Best Pawn Shop | 4601 Northfield Rd North Randall, OH 44128 | (216) 663-9075 | ebay.com |
| Cash America PawnChain | 12700 Rockside Rd Garfield Heights, OH 44125 | (216) 581-4650 | firstcash.com |
| CashlandChain | 5750 Chevrolet Blvd Parma, OH 44130 | (440) 842-0449 | cashland.com |
| Gold Werks | 893 E 200th St Euclid, OH 44119 | (216) 965-0293 | goldwerks.com |
| Jewelry & Coin Exchange | 7273 Pearl Rd Middleburg Heights, OH 44130 | (440) 239-1824 | jewelrycoinexchange.net |
| Odyssey Jewelers Inc. | 10017 Madison Ave Cleveland, OH 44102 | (216) 651-5557 | odysseyjewelersinc.com |
| Read's Jewelry and Loan | 1466 St Clair Ave NE Cleveland, OH 44114 | (216) 621-1349 | readsjewelryandloan.com |
| South Euclid Pawn | 4177 Mayfield Rd South Euclid, OH 44121 | (216) 471-8311 | southeuclidpawn.com |
| Uncle Ben's Pawnshop | 2600 St Clair Ave NE Cleveland, OH 44114 | (216) 325-5626 | clepawn.com |
Pawn shops vs payday loan stores in Cleveland
Cleveland has 20 payday, installment and title loan stores but only 10 pawn shops.
Pawn shops
10
1.4 per 100k residents
Payday & loan stores
20
2.7 per 100k residents
5 store chains
Biggest loan store chains in Cleveland: ACE Cash Express (12), OneMain Financial (3), Lendmark Financial Services (2), Mariner Finance (2), Advance America (1).
Borrowing $500 for one month: payday vs pawn vs credit union
| Option | How it works | Cost for one month |
|---|---|---|
| Payday loan (~28% APR) | $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 Cleveland
- 3.3%
- Pawn cost, share of monthly household income in Cleveland
- 2.2%
- A $400 emergency equals
- 2.7 days of income
Payday: a typical fee of $75 on a $500 loan for 2 weeks, paid twice for a one-month loan (Ohio 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 Ohio 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 OH | |
|---|---|---|
| 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 Ohio | Pawnbrokers are licensed and regulated by Ohio; fees, terms and holding periods are set by state law | Allowed, up to $1,000; typical APR ~28% |
Cleveland at a glance
- Median household income
- $54,454
- Ohio: $74,030
- Poverty rate
- 21.6%
- Ohio: 13.3%
- Households under $25,000
- 25.4%
- Ohio: 16.4%
- A $400 emergency equals
- 2.7 days of income
Payday and installment loan stores in Cleveland
For comparison: storefront payday, installment and title lenders in Cleveland with addresses, phone numbers and hours.
| Address | Phone | Hours | Google rating |
|---|---|---|---|
| 10589 St Clair Ave. Cleveland, OH 44108 | (216) 851-8077 | — | 4.9 |
| 11411 Buckeye Rd Cleveland, OH 44104 | (216) 862-8039 | — | 4.9 |
| 11648 Lorain Ave Cleveland, OH 44111 | (216) 251-3169 | — | 4.8 |
| 14002 Triskett Rd Cleveland, OH 44111 | (216) 252-5351 | — | 4.7 |
| 1409 E 9th St Cleveland, OH 44114 | (216) 348-0080 | — | 4.9 |
| 14101 Kinsman Rd Cleveland, OH 44120 | (216) 295-8135 | — | 4.9 |
| 1499 E 55th St Cleveland, OH 44103 | (216) 431-0500 | — | 4.9 |
| 15500 Euclid Ave East Cleveland, OH 44112 | (216) 268-4100 | — | 4.7 |
| 2167 S Taylor Rd University Heights, OH 44118 | (216) 932-6940 | — | 4.9 |
| 5311 Memphis Ave Cleveland, OH 44144 | (216) 661-1036 | — | 4.8 |
| 7310 Harvard Ave B Cleveland, OH 44105 | (216) 641-7614 | — | 4.9 |
| 7933 Euclid Ave #33 Cleveland, OH 44103 | (216) 721-5803 | — | 4.9 |
| 1253 SOM Ctr Rd Mayfield Heights, OH 44124 | (440) 449-5700 | — | 4.3 |
| 5265 Broadview Rd Parma, OH 44134 | (216) 741-1490 | — | 4.5 |
| 7560 Pearl Rd Ste 9 Cleveland, OH 44130 | (440) 234-0200 | — | 3.8 |
| 15180 Bagley Rd Middleburg Heights, OH 44130 | (440) 613-0501 | — | 4.1 |
| 9531 Vista Way Unit 3C Garfield Heights, OH 44125 | (216) 518-0104 | — | 4.6 |
| 1257 B Rockside Rd Parma, OH 44134 | (440) 358-3682 | — | 5.0 |
| 1623 Golden Gate Plz Mayfield Heights, OH 44124 | (440) 709-3405 | — | 4.9 |
| 6750 Biddulph Rd., Unit 102 Brooklyn, OH 44144 | (216) 739-9442 | Mon–Thu 10:00 AM – 6:00 PM Fri 9:00 AM – 6:00 PM Sat–Sun closed |
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Pawn shops near Cleveland
More about Cleveland
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.