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 Warwick, RI
2 pawn shops in and around Warwick — 2.6 per 100,000 residents, compared with 2.3 across Rhode Island. Call ahead to ask what they're buying and lending on today: inventory needs change weekly. Warwick ranks #3 of 4 Rhode Island cities with pawn shops by shops per resident.
- Pawn shops
- 2
- Pawn shops per 100k
- 2.6
- Rhode Island: 2.3
- Big-chain shops
- 0
- Payday & loan stores
- 2
- Population
- 77,409
Pawn shops in Warwick: addresses and phone numbers
| Pawn shop | Address | Phone | Website |
|---|---|---|---|
| iBuy4Resale | 101 W Natick Rd Warwick, RI 02886 | (401) 602-1277 | ibuy4resale.com |
| The Gold Loan Pawn Shop | 2200 Warwick Ave Warwick, RI 02889 | (401) 739-7296 | goldloanpawnshopwarwickri.com |
Pawn shops vs payday loan stores in Warwick
Warwick has 2 pawn shops and 2 payday, installment and title loan stores.
Pawn shops
2
2.6 per 100k residents
Payday & loan stores
2
2.6 per 100k residents
1 store chain
Biggest loan store chains in Warwick: Advance America (2).
Borrowing $500 for one month: payday vs pawn vs credit union
| Option | How it works | Cost for one month |
|---|---|---|
| Payday loan (~261% 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 Warwick
- 1.4%
- Pawn cost, share of monthly household income in Warwick
- 1.4%
- A $400 emergency equals
- 1.6 days of income
Payday: the RI 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 Rhode Island 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 RI | |
|---|---|---|
| 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 Rhode Island | Pawnbrokers are licensed and regulated by Rhode Island; fees, terms and holding periods are set by state law | Allowed, up to $500; typical APR ~261% |
Warwick at a glance
- Median household income
- $88,549
- Rhode Island: $89,026
- Poverty rate
- 7.3%
- Rhode Island: 11.5%
- Households under $25,000
- 13.7%
- Rhode Island: 15.7%
- A $400 emergency equals
- 1.6 days of income
Payday and installment loan stores in Warwick
For comparison: storefront payday, installment and title lenders in Warwick with addresses, phone numbers and hours.
| Address | Phone | Hours | Google rating |
|---|---|---|---|
| 400 Warwick Ave., Ste. 2 Warwick, RI 02888 | (401) 461-2890 | Mon–Thu 10:00 AM – 6:00 PM Fri 9:00 AM – 6:00 PM Sat 10:00 AM – 2:00 PM Sun closed |
— |
| 775 Bald Hill Rd. Warwick, RI 02886 | (401) 821-4018 | Mon–Thu 10:00 AM – 6:00 PM Fri 9:00 AM – 6:00 PM Sat 10:00 AM – 2:00 PM Sun closed |
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Pawn shops near Warwick
More about Warwick
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.