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 Murfreesboro, TN
5 pawn shops in and around Murfreesboro — 2.3 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. Murfreesboro ranks #18 of 23 Tennessee cities with pawn shops by shops per resident.
- Pawn shops
- 5
- Pawn shops per 100k
- 2.3
- Tennessee: 3.7
- Big-chain shops
- 1
- Payday & loan stores
- 16
- Population
- 220,126
Pawn shops in Murfreesboro: addresses and phone numbers
| Pawn shop | Address | Phone | Website |
|---|---|---|---|
| Cash America PawnChain | 320 SE Broad St Murfreesboro, TN 37130 | (615) 494-1842 | firstcash.com |
| Mid Tenn's Pawn & Loan | 350 NW Broad St Murfreesboro, TN 37130 | (615) 904-2100 | midtennpawnandloan.com |
| Murfreesboro Super Pawn, L.L.C. | 220 W Northfield Blvd Murfreesboro, TN 37129 | (615) 890-1077 | — |
| Toliver's Jewelry & Loan | 121 SE Broad St Murfreesboro, TN 37130 | (615) 893-1951 | toliverspawn.com |
| Tom's Pawn & Wholesale Jewelry | 1215 NW Broad St Murfreesboro, TN 37129 | (615) 283-7077 | tomspawnandwholesalejewelry.com |
Pawn shops vs payday loan stores in Murfreesboro
Murfreesboro has 16 payday, installment and title loan stores but only 5 pawn shops.
Pawn shops
5
2.3 per 100k residents
Payday & loan stores
16
7.3 per 100k residents
10 store chains
Biggest loan store chains in Murfreesboro: Advance Financial (5), OneMain Financial (2), TitleMax (2), 1st Franklin Financial (1), Check Into Cash (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 Murfreesboro
- 2.2%
- Pawn cost, share of monthly household income in Murfreesboro
- 1.5%
- A $400 emergency equals
- 1.8 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% |
Murfreesboro at a glance
- Median household income
- $81,329
- Tennessee: $71,256
- Poverty rate
- 8.9%
- Tennessee: 13.9%
- Households under $25,000
- 9.5%
- Tennessee: 17.1%
- A $400 emergency equals
- 1.8 days of income
Payday and installment loan stores in Murfreesboro
For comparison: storefront payday, installment and title lenders in Murfreesboro with addresses, phone numbers and hours.
| Address | Phone | Hours | Google rating |
|---|---|---|---|
| 1661 Memorial Blvd Murfreesboro, TN 37129 | (615) 358-5881 | — | 4.7 |
| 2706 Old Fort Pkwy Ste I Murfreesboro, TN 37128 | (615) 900-2423 | — | 4.7 |
| 2898 S Church St STE D Murfreesboro, TN 37127 | (615) 544-7121 | — | 4.8 |
| 2950 S Rutherford Blvd Murfreesboro, TN 37130 | (615) 510-3971 | — | 4.8 |
| 802 NW Broad St Murfreesboro, TN 37129 | (615) 510-3647 | — | 4.4 |
| 1212 NW Broad St C Murfreesboro, TN 37129 | (615) 893-1706 | — | 3.9 |
| 711 N Thompson Ln E Murfreesboro, TN 37129 | (615) 898-0001 | — | 4.1 |
| 1259 NW Broad St Murfreesboro, TN 37129 | (615) 225-1067 | — | 4.9 |
| 1990 Old Fort Pkwy B Murfreesboro, TN 37129 | (615) 849-8180 | — | 4.9 |
| 220 Veterans Pkwy K Murfreesboro, TN 37128 | (615) 904-1719 | — | 4.9 |
| 1660 Middle Tennessee Blvd G Murfreesboro, TN 37130 | (615) 895-6100 | — | 4.9 |
| 537 N Thompson Ln Murfreesboro, TN 37129 | (615) 653-4082 | — | 4.2 |
| 2805 Old Fort Pkwy K Murfreesboro, TN 37128 | (615) 396-1360 | — | 4.6 |
| 147 W Northfield Blvd Murfreesboro, TN 37129 | (615) 896-4000 | — | 5.0 |
| 1698 Memorial Blvd Murfreesboro, TN 37129 | (615) 907-2483 | — | 4.9 |
| 1782 W Northfield Blvd Murfreesboro, TN 37129 | (615) 653-4104 | — | 5.0 |
Pawn shops near Murfreesboro
More about Murfreesboro
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.