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Pawn Shops vs Payday Loans in Chesapeake, VA
8 pawn shops in and around Chesapeake — 3.2 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. Chesapeake ranks #13 of 27 Virginia cities with pawn shops by shops per resident.
- Pawn shops
- 8
- Pawn shops per 100k
- 3.2
- Virginia: 2.3
- Big-chain shops
- 0
- Payday & loan stores
- 8
- Population
- 251,477
Pawn shops in Chesapeake: addresses and phone numbers
| Pawn shop | Address | Phone | Website |
|---|---|---|---|
| Adam Pawn Shop | 1903 Military Hwy S Chesapeake, VA 23320 | (757) 416-5044 | adampawn.com |
| Chesapeake Pawn and Gun | 3330 S Military Hwy Chesapeake, VA 23323 | (757) 485-7296 | chesapeakepawnandgun.com |
| Chesapeake Square Pawn | 2125 Starmount Pkwy Chesapeake, VA 23321 | (757) 673-5268 | chesapeakesquarepawn.com |
| Greenbrier Pawn | 1011 Eden Way N Chesapeake, VA 23320 | (757) 382-9066 | greenbrierpawn.net |
| Liberty Pawn Iii | 4302 Indian River Rd Chesapeake, VA 23325 | (757) 648-8881 | — |
| Mr EZ Pawn | 2148 S Military Hwy Chesapeake, VA 23320 | (757) 543-7777 | mrezpawn.com |
| Pawns Unlimited Inc | 316 Battlefield Blvd S Ste G Chesapeake, VA 23322 | (757) 482-7296 | — |
| VA Premier PAWN | 3916 Portsmouth Blvd Chesapeake, VA 23321 | (757) 731-5008 | linktr.ee |
Pawn shops vs payday loan stores in Chesapeake
Chesapeake has 8 pawn shops and 8 payday, installment and title loan stores.
Pawn shops
8
3.2 per 100k residents
Payday & loan stores
8
3.2 per 100k residents
5 store chains
Biggest loan store chains in Chesapeake: 1st Franklin Financial (2), Lendmark Financial Services (2), OneMain Financial (2), ACE Cash Express (1), Mariner Finance (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 Chesapeake
- 1.8%
- Pawn cost, share of monthly household income in Chesapeake
- 1.2%
- A $400 emergency equals
- 1.5 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 |
Chesapeake at a glance
- Median household income
- $99,233
- Virginia: $101,899
- Poverty rate
- 8.6%
- Virginia: 10.1%
- Households under $25,000
- 9.7%
- Virginia: 12.1%
- A $400 emergency equals
- 1.5 days of income
Payday and installment loan stores in Chesapeake
For comparison: storefront payday, installment and title lenders in Chesapeake with addresses, phone numbers and hours.
| Address | Phone | Hours | Google rating |
|---|---|---|---|
| 1701 Parkview Dr Chesapeake, VA 23320 | (757) 227-3909 | — | 4.8 |
| 4105 Chesapeake Square Blvd #105 Chesapeake, VA 23321 | (757) 337-4547 | — | 4.8 |
| 4107 Portsmouth Blvd Ste 114 Chesapeake, VA 23321 | (757) 638-1579 | — | 4.8 |
| 927 Battlefield Blvd N Ste 100 Chesapeake, VA 23320 | (757) 447-6475 | — | 3.8 |
| 1200 Battlefield Blvd N #122 Chesapeake, VA 23320 | (757) 436-4050 | — | 4.4 |
| 4300 Portsmouth Blvd #178 Chesapeake, VA 23321 | (757) 465-2187 | — | 3.6 |
| 1333 Poindexter St #2 Chesapeake, VA 23324 | (757) 494-7136 | — | 4.9 |
| 1720 Sentinel Dr #116 Chesapeake, VA 23320 | (757) 275-0400 | — | 4.7 |
Pawn shops near Chesapeake
More about Chesapeake
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.