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 Mcallen, TX
11 pawn shops in and around Mcallen — 7.7 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. Mcallen ranks #11 of 94 Texas cities with pawn shops by shops per resident.
- Pawn shops
- 11
- Pawn shops per 100k
- 7.7
- Texas: 4.3
- Big-chain shops
- 7
- Payday & loan stores
- 21
- Population
- 143,477
Pawn shops in Mcallen: addresses and phone numbers
| Pawn shop | Address | Phone | Website |
|---|---|---|---|
| Amigo Pawn & Jewelry | 5100 Pecan Blvd McAllen, TX 78501 | (956) 682-8567 | amigopawn.com |
| Amigo Pawn and Jewelry | 1800 W Hackberry Ave McAllen, TX 78501 | (956) 618-4195 | amigopawn.com |
| Amigo Pawn and Jewelry | 5725 N 10th St McAllen, TX 78504 | (956) 682-0730 | amigoash.wufoo.com |
| Cash America PawnChain | 2025 N 10th St McAllen, TX 78501 | (956) 618-3366 | find.cashamerica.us |
| Danny's Pawn & Sporting Goods | 300 S Broadway St McAllen, TX 78501 | (956) 687-4692 | dannyssportinggoods.net |
| EZPAWNChain | 1521 N 23rd St McAllen, TX 78501 | (956) 618-1555 | ezpawn.com |
| EZPAWNChain | 2121 Nolana Ave W McAllen, TX 78504 | (956) 630-6044 | ezpawn.com |
| EZPAWNChain | 719 S 10th St McAllen, TX 78501 | (956) 682-0101 | ezpawn.com |
| First Cash PawnChain | 1421 S 23rd St McAllen, TX 78501 | (956) 687-6161 | firstcash.com |
| First Cash PawnChain | 2330 N 10th St McAllen, TX 78501 | (956) 631-7400 | firstcash.com |
| First Cash PawnChain | 4820 S 23rd St McAllen, TX 78503 | (956) 686-0063 | firstcash.com |
Pawn shops vs payday loan stores in Mcallen
Mcallen has 21 payday, installment and title loan stores but only 11 pawn shops.
Pawn shops
11
7.7 per 100k residents
Payday & loan stores
21
14.6 per 100k residents
14 store chains
Biggest loan store chains in Mcallen: ACE Cash Express (3), TitleMax (3), Advance America (2), Security Finance (2), Texas Car Title and Payday Loan Services (2).
Borrowing $500 for one month: payday vs pawn vs credit union
| Option | How it works | Cost for one month |
|---|---|---|
| Payday loan (~662%+ 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 Mcallen
- 2.9%
- Pawn cost, share of monthly household income in Mcallen
- 2.0%
- A $400 emergency equals
- 2.4 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
| Pawn loan | Payday loan in TX | |
|---|---|---|
| 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 Texas | Pawnbrokers are licensed and regulated by Texas; fees, terms and holding periods are set by state law | Allowed, up to No limit (CSO Model); typical APR ~662%+ |
Mcallen at a glance
- Median household income
- $61,483
- Texas: $81,963
- Poverty rate
- 20.2%
- Texas: 13.9%
- Households under $25,000
- 21.8%
- Texas: 15.0%
- A $400 emergency equals
- 2.4 days of income
Payday and installment loan stores in Mcallen
For comparison: storefront payday, installment and title lenders in Mcallen with addresses, phone numbers and hours.
| Address | Phone | Hours | Google rating |
|---|---|---|---|
| 2109 N 10th St McAllen, TX 78501 | (956) 618-3400 | — | 4.9 |
| 3608 Pecan Blvd McAllen, TX 78501 | (956) 630-6767 | — | 5.0 |
| 630 S 23rd St McAllen, TX 78501 | (956) 631-6161 | — | 5.0 |
| 4411 N 10th St McAllen, TX 78504 | (956) 253-0037 | — | 5.0 |
| 501 N 10th St McAllen, TX 78501 | (956) 468-0001 | — | 5.0 |
| 800 S Jackson Rd McAllen, TX 78503 | (956) 253-1388 | — | 5.0 |
| 1424 E. Ridge Rd., Ste. 6 McAllen, TX 78503 | (956) 994-9743 | Mon–Fri 10:00 AM – 6:00 PM Sat 10:00 AM – 3:00 PM Sun closed |
— |
| 2022 N. 10th St. McAllen, TX 78501 | (956) 682-9219 | Mon–Fri 10:00 AM – 6:00 PM Sat 10:00 AM – 3:00 PM Sun closed |
— |
| 3700 Dove Ave W #300 McAllen, TX 78504 | (956) 631-0920 | — | 4.9 |
| 501 S Bicentennial Blvd D McAllen, TX 78501 | (956) 687-1290 | — | 5.0 |
|
Texas Car Title and Payday Loan Services
2 stores in Mcallen
texascartitleandpaydayloanservicesinc.com
|
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| 3111 N 10th St McAllen, TX 78501 | (956) 631-8000 | — | 4.9 |
| 319 S 10th St McAllen, TX 78501 | (956) 682-3400 | — | 4.9 |
| 1420 W Dallas Ave McAllen, TX 78501 | (956) 686-1509 | — | 4.4 |
| 500 N 23rd St Ste 20 McAllen, TX 78501 | (956) 580-6966 | — | 4.9 |
| 6500 N 10th St Suite N McAllen, TX 78504 | (956) 603-1610 | — | 4.5 |
| 601 W Trenton Rd Ste I McAllen, TX 78504 | (956) 340-4195 | — | 4.9 |
| 2901 N 23rd St #4 McAllen, TX 78501 | (956) 683-9900 | — | 3.6 |
| 2901 N 23rd St McAllen, TX 78501 | (956) 622-5574 | — | 5.0 |
| 1521 N 10th St McAllen, TX 78501 | (956) 630-9558 | — | 4.9 |
| 1001 S 10th St Ste E-2 McAllen, TX 78501 | (956) 630-0084 | — | 5.0 |
| Western Finance 1422 W Dallas Ave McAllen, TX 78501 | (956) 630-5626 | — | 4.9 |
Pawn shops near Mcallen
More about Mcallen
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.