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 Cookeville, TN
2 pawn shops in and around Cookeville — 2.7 per 100,000 residents, compared with 3.7 across Tennessee. Call ahead to ask what they're buying and lending on today: inventory needs change weekly. Cookeville ranks #17 of 23 Tennessee cities with pawn shops by shops per resident.
- Pawn shops
- 2
- Pawn shops per 100k
- 2.7
- Tennessee: 3.7
- Big-chain shops
- 0
- Payday & loan stores
- 8
- Population
- 72,983
Pawn shops in Cookeville: addresses and phone numbers
| Pawn shop | Address | Phone | Website |
|---|---|---|---|
| Buds Kwik Kash | 1601 E Spring St Cookeville, TN 38506 | (931) 528-7296 | — |
| KWIK-KASH Pawn Shop | 42 S Cedar Ave Cookeville, TN 38501 | (931) 526-3343 | kwikkashcookeville.com |
Pawn shops vs payday loan stores in Cookeville
Cookeville has 8 payday, installment and title loan stores but only 2 pawn shops.
Pawn shops
2
2.7 per 100k residents
Payday & loan stores
8
11.0 per 100k residents
8 store chains
Biggest loan store chains in Cookeville: 1st Franklin Financial (1), Advance Financial (1), Check Into Cash (1), Lendmark Financial Services (1), Mariner Finance (1).
Borrowing $500 for one month: payday vs pawn vs credit union
| Option | How it works | Cost for one month |
|---|---|---|
| Payday loan (~460% 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 Cookeville
- 3.2%
- Pawn cost, share of monthly household income in Cookeville
- 2.1%
- A $400 emergency equals
- 2.6 days of income
Payday: the TN 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 Tennessee 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 TN | |
|---|---|---|
| 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 Tennessee | Pawnbrokers are licensed and regulated by Tennessee; fees, terms and holding periods are set by state law | Allowed, up to $500; typical APR ~460% |
Cookeville at a glance
- Median household income
- $55,913
- Tennessee: $71,256
- Poverty rate
- 17.3%
- Tennessee: 13.9%
- Households under $25,000
- 23.9%
- Tennessee: 17.1%
- A $400 emergency equals
- 2.6 days of income
Payday and installment loan stores in Cookeville
For comparison: storefront payday, installment and title lenders in Cookeville with addresses, phone numbers and hours.
| Address | Phone | Hours | Google rating |
|---|---|---|---|
| 124 S Willow Ave Cookeville, TN 38501 | (931) 526-3240 | — | 4.7 |
| 820 N Jefferson Ave Cookeville, TN 38501 | (931) 563-0045 | — | 4.2 |
| 136 S Willow Ave Cookeville, TN 38501 | (931) 528-2900 | — | 4.9 |
| 416 W Jackson St B Cookeville, TN 38501 | (931) 545-4595 | — | 4.1 |
| 921 S Willow Ave Ste. E Cookeville, TN 38501 | (931) 854-1173 | — | 4.8 |
| 377 W Jackson St #14 Cookeville, TN 38501 | (931) 526-9741 | — | 3.9 |
| 620 S Jefferson Ave Ste 106 Cookeville, TN 38501 | (931) 526-2815 | — | 4.8 |
| 800 S Jefferson Ave Cookeville, TN 38501 | (931) 520-0661 | — | 4.9 |
Pawn shops near Cookeville
More about Cookeville
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.