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 Klamath Falls, OR
6 pawn shops in and around Klamath Falls — 10.9 per 100,000 residents, compared with 1.6 across Oregon. Call ahead to ask what they're buying and lending on today: inventory needs change weekly. Klamath Falls ranks #1 of 11 Oregon cities with pawn shops by shops per resident.
- Pawn shops
- 6
- Pawn shops per 100k
- 10.9
- Oregon: 1.6
- Big-chain shops
- 0
- Payday & loan stores
- 0
- Population
- 54,963
Pawn shops in Klamath Falls: addresses and phone numbers
| Pawn shop | Address | Phone | Website |
|---|---|---|---|
| Medals Minerals and Money | 515 east main st Klamath Falls, OR 97601 | (541) 205-2396 | — |
| Steve's Place Pawn & Loan | 730 E Main St Klamath Falls, OR 97601 | (541) 885-7724 | stevesplacepawnandloan.com |
| Take it to the Bank Pawn and Loan | 212 S 6th St Klamath Falls, OR 97601 | (541) 884-1834 | takeittothebankpawn.com |
| The Gold Exchange & Pawn | 4039 S 6th St Klamath Falls, OR 97603 | (541) 850-2000 | pawnshopklamathfalls.com |
| The Gold Exchange & Pawn | 4846 S 6th St Klamath Falls, OR 97603 | (541) 850-0200 | goldexchangeandpawn.com |
| U and I Trading Post | 830 Main St Klamath Falls, OR 97601 | (541) 883-7635 | uitradingpost.com |
Pawn shops vs payday loan stores in Klamath Falls
Klamath Falls has 6 pawn shops, and we found no storefront payday loan chains.
Pawn shops
6
10.9 per 100k residents
Payday & loan stores
0
Borrowing $500 for one month: payday vs pawn vs credit union
| Option | How it works | Cost for one month |
|---|---|---|
| Payday loan (~154% APR) | $50.00 fee every 2 weeks, renewed once | $100.00 |
| 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 Klamath Falls
- 2.0%
- Pawn cost, share of monthly household income in Klamath Falls
- 2.0%
- A $400 emergency equals
- 2.4 days of income
Payday: the OR maximum — $50 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 Oregon 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 OR | |
|---|---|---|
| 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 Oregon | Pawnbrokers are licensed and regulated by Oregon; fees, terms and holding periods are set by state law | Allowed, up to $500; typical APR ~154% |
Klamath Falls at a glance
- Median household income
- $59,744
- Oregon: $83,810
- Poverty rate
- 18.9%
- Oregon: 11.9%
- Households under $25,000
- 22.6%
- Oregon: 13.9%
- A $400 emergency equals
- 2.4 days of income
Pawn shops near Klamath Falls
More about Klamath Falls
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.