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Pawn Shops vs Payday Loans in Alexandria, VA
4 pawn shops in and around Alexandria — 1.2 per 100,000 residents, compared with 2.3 across Virginia. Call ahead to ask what they're buying and lending on today: inventory needs change weekly. Alexandria ranks #24 of 27 Virginia cities with pawn shops by shops per resident.
- Pawn shops
- 4
- Pawn shops per 100k
- 1.2
- Virginia: 2.3
- Big-chain shops
- 2
- Payday & loan stores
- 3
- Population
- 344,502
Pawn shops in Alexandria: addresses and phone numbers
| Pawn shop | Address | Phone | Website |
|---|---|---|---|
| First Cash PawnChain | 3504 Mt Vernon Ave Alexandria, VA 22305 | (703) 684-0040 | firstcash.com |
| First Cash PawnChain | 516 S Van Dorn St Alexandria, VA 22304 | (703) 823-3800 | firstcash.com |
| Pawnbrokers Of Alexandria | 7518 Richmond Hwy Alexandria, VA 22306 | (703) 765-4091 | — |
| Royal Pawn | 6116-A Franconia Rd Alexandria, VA 22310 | (703) 924-9800 | royalpawnva.com |
Pawn shops vs payday loan stores in Alexandria
Alexandria has 4 pawn shops and 3 payday, installment and title loan stores.
Pawn shops
4
1.2 per 100k residents
Payday & loan stores
3
0.9 per 100k residents
2 store chains
Biggest loan store chains in Alexandria: ACE Cash Express (2), OneMain Financial (1).
Borrowing $500 for one month: payday vs pawn vs credit union
| Option | How it works | Cost for one month |
|---|---|---|
| Payday loan (not legal in Virginia) | $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 Alexandria
- 1.4%
- Pawn cost, share of monthly household income in Alexandria
- 1.0%
- A $400 emergency equals
- 1.2 days of income
Payday: a typical fee of $75 on a $500 loan for 2 weeks, paid twice for a one-month loan (Virginia 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 Virginia 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 VA | |
|---|---|---|
| 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 Virginia | Pawnbrokers are licensed and regulated by Virginia; fees, terms and holding periods are set by state law | Storefront payday loans are not allowed in Virginia |
Alexandria at a glance
- Median household income
- $124,291
- Virginia: $101,899
- Poverty rate
- 7.5%
- Virginia: 10.1%
- Households under $25,000
- 7.6%
- Virginia: 12.1%
- A $400 emergency equals
- 1.2 days of income
Payday and installment loan stores in Alexandria
For comparison: storefront payday, installment and title lenders in Alexandria with addresses, phone numbers and hours.
| Address | Phone | Hours | Google rating |
|---|---|---|---|
| 2254 Huntington Ave Alexandria, VA 22303 | (703) 317-0296 | — | 4.9 |
| 508 S Van Dorn St Ste A Alexandria, VA 22304 | (703) 212-8329 | — | 4.6 |
| 2800 Eisenhower Ave Ste 110 Alexandria, VA 22314 | (703) 768-0145 | — | 4.1 |
Pawn shops near Alexandria
More about Alexandria
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.