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 Lancaster, SC
2 pawn shops in and around Lancaster — 3.9 per 100,000 residents, compared with 3.2 across South Carolina. Call ahead to ask what they're buying and lending on today: inventory needs change weekly. Lancaster ranks #12 of 24 South Carolina cities with pawn shops by shops per resident.
- Pawn shops
- 2
- Pawn shops per 100k
- 3.9
- South Carolina: 3.2
- Big-chain shops
- 0
- Payday & loan stores
- 6
- Population
- 51,603
Pawn shops in Lancaster: addresses and phone numbers
| Pawn shop | Address | Phone | Website |
|---|---|---|---|
| By-Pass Pawn | 1585 Hwy 9 Bypass W Lancaster, SC 29720 | (803) 285-7296 | ebay.com |
| Lancaster Pawn & Jewelry | 1556 Great Falls Hwy Lancaster, SC 29720 | (803) 285-1971 | lancasterjewelersonline.com |
Pawn shops vs payday loan stores in Lancaster
Lancaster has 6 payday, installment and title loan stores but only 2 pawn shops.
Pawn shops
2
3.9 per 100k residents
Payday & loan stores
6
11.6 per 100k residents
6 store chains
Biggest loan store chains in Lancaster: 1st Franklin Financial (1), Advance America (1), Mariner Finance (1), OneMain Financial (1), Security Finance (1).
Borrowing $500 for one month: payday vs pawn vs credit union
| Option | How it works | Cost for one month |
|---|---|---|
| Payday loan (~391% 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 Lancaster
- 3.0%
- Pawn cost, share of monthly household income in Lancaster
- 2.0%
- A $400 emergency equals
- 2.5 days of income
Payday: the SC maximum — $75 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 South Carolina 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 SC | |
|---|---|---|
| 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 South Carolina | Pawnbrokers are licensed and regulated by South Carolina; fees, terms and holding periods are set by state law | Allowed, up to $500; typical APR ~391% |
Lancaster at a glance
- Median household income
- $59,039
- South Carolina: $69,406
- Poverty rate
- 17.4%
- South Carolina: 14.4%
- Households under $25,000
- 22.4%
- South Carolina: 17.7%
- A $400 emergency equals
- 2.5 days of income
Payday and installment loan stores in Lancaster
For comparison: storefront payday, installment and title lenders in Lancaster with addresses, phone numbers and hours.
| Address | Phone | Hours | Google rating |
|---|---|---|---|
| 1123 Hwy 9 Bypass W Ste D Lancaster, SC 29720 | (803) 283-1933 | — | 4.9 |
| 1123-C Hwy. Bypass 9 W. Lancaster, SC 29720 | (803) 285-6503 | Mon–Fri 9:00 AM – 5:30 PM Sat–Sun closed |
— |
| 1220 SC-9 Bypass Lancaster, SC 29720 | (803) 291-9870 | — | 4.9 |
| 108 Woodland Dr Ste A-B Lancaster, SC 29720 | (803) 285-7901 | — | 3.3 |
| 302 N Main St Ste B Lancaster, SC 29720 | (803) 871-3816 | — | 4.8 |
| 980 N Main St Lancaster, SC 29720 | (803) 404-5312 | — | 5.0 |
Pawn shops near Lancaster
More about Lancaster
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.