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Pawn Shops vs Payday Loans in Pharr, TX
5 pawn shops in and around Pharr — 6.3 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. Pharr ranks #18 of 94 Texas cities with pawn shops by shops per resident.
- Pawn shops
- 5
- Pawn shops per 100k
- 6.3
- Texas: 4.3
- Big-chain shops
- 4
- Payday & loan stores
- 5
- Population
- 79,903
Pawn shops in Pharr: addresses and phone numbers
| Pawn shop | Address | Phone | Website |
|---|---|---|---|
| Cash America PawnChain | 1104 W U.S. Hwy 83 Pharr, TX 78577 | (956) 702-3303 | find.cashamerica.us |
| EZPAWNChain | 1212 E U.S. Business 83 Pharr, TX 78577 | (956) 783-1222 | ezpawn.com |
| First Cash PawnChain | 1701 S Cage Blvd Pharr, TX 78577 | (956) 782-5145 | firstcash.com |
| First Cash PawnChain | 507 N Cage Blvd Pharr, TX 78577 | (956) 787-8577 | ww2.firstcash.com |
| La Piedad Pawn Shop | 6400 S Cage Blvd Pharr, TX 78577 | (956) 787-7800 | lapiedadpawnshop.com |
Pawn shops vs payday loan stores in Pharr
Pharr has 5 pawn shops and 5 payday, installment and title loan stores.
Pawn shops
5
6.3 per 100k residents
Payday & loan stores
5
6.3 per 100k residents
5 store chains
Biggest loan store chains in Pharr: ACE Cash Express (1), Cash Store (1), Security Finance (1), Sun Loan Company (1), Western Shamrock Finance (1).
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 Pharr
- 3.6%
- Pawn cost, share of monthly household income in Pharr
- 2.4%
- A $400 emergency equals
- 2.9 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%+ |
Pharr at a glance
- Median household income
- $49,768
- Texas: $81,963
- Poverty rate
- 29.9%
- Texas: 13.9%
- Households under $25,000
- 26.7%
- Texas: 15.0%
- A $400 emergency equals
- 2.9 days of income
Payday and installment loan stores in Pharr
For comparison: storefront payday, installment and title lenders in Pharr with addresses, phone numbers and hours.
| Address | Phone | Hours | Google rating |
|---|---|---|---|
| 1101 N Cage Blvd #1a Pharr, TX 78577 | (956) 702-1700 | — | 4.9 |
| 1305 S Cage Blvd Ste 5 Pharr, TX 78577 | (956) 702-5112 | — | 4.8 |
| 219 S Cage Blvd Pharr, TX 78577 | (956) 782-9900 | — | 4.2 |
| 1300 S Cage Blvd Ste N Pharr, TX 78577 | (956) 782-0249 | — | 4.9 |
| Western Finance 1101 N Cage Blvd Ste 5A Pharr, TX 78577 | (956) 783-9400 | — | 5.0 |
Pawn shops near Pharr
More about Pharr
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.