Pawn Shops vs Payday Loans in Lubbock, TX

11 pawn shops in and around Lubbock — 3.8 per 100,000 residents, compared with 4.3 across Texas. Call ahead to ask what they're buying and lending on today: inventory needs change weekly. Lubbock ranks #49 of 94 Texas cities with pawn shops by shops per resident.

Pawn shops

11

Pawn shops per 100k

3.8

Texas: 4.3

Big-chain shops

7

Payday & loan stores

22

Population

286,407

Pawn shops in Lubbock: addresses and phone numbers

Pawn shops vs payday loan stores in Lubbock

Lubbock has 22 payday, installment and title loan stores but only 11 pawn shops.

Biggest loan store chains in Lubbock: ACE Cash Express (4), Cash Store (3), Security Finance (3), TitleMax (3), Advance America (2).

Borrowing $500 for one month: payday vs pawn vs credit union

Payday cost, share of monthly household income in Lubbock

2.7%

Pawn cost, share of monthly household income in Lubbock

1.8%

A $400 emergency equals

2.2 days of income

Payday: a typical fee of $75 on a $500 loan for 2 weeks, paid twice for a one-month loan (Texas payday rules are not set in dollars or payday loans are not allowed). Pawn: an example rate of 20% a month; pawn fees and interest are set by Texas 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.

Pawn loan vs payday loan: the key differences

Lubbock at a glance

Median household income

$66,110

Texas: $81,963

Poverty rate

18.1%

Texas: 13.9%

Households under $25,000

19.9%

Texas: 15.0%

A $400 emergency equals

2.2 days of income

Payday and installment loan stores in Lubbock

For comparison: storefront payday, installment and title lenders in Lubbock with addresses, phone numbers and hours.

Pawn shops near Lubbock

• Midland · 3
• Amarillo · 11
• Odessa · 11
• Abilene · 7
• San Angelo · 7
• Wichita Falls · 6