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 Lynchburg, VA
6 pawn shops in and around Lynchburg — 5.8 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. Lynchburg ranks #3 of 27 Virginia cities with pawn shops by shops per resident.
- Pawn shops
- 6
- Pawn shops per 100k
- 5.8
- Virginia: 2.3
- Big-chain shops
- 0
- Payday & loan stores
- 3
- Population
- 103,237
Pawn shops in Lynchburg: addresses and phone numbers
| Pawn shop | Address | Phone | Website |
|---|---|---|---|
| EJS PAWN | 7917 Timberlake Rd Lynchburg, VA 24502 | (434) 849-8501 | ejspawn.com |
| King Pawn | 2811 Campbell Ave Lynchburg, VA 24501 | (434) 616-3989 | loppleman.com |
| L. Oppleman | 909 Main St Lynchburg, VA 24504 | (434) 845-5751 | loppleman.com |
| Lynchburg Jewelry and Loan | 98 Woodberry Ln Lynchburg, VA 24502 | (434) 237-1220 | lynchburgjewelryandloan.com |
| Lynchburg Pawn Shop Inc. | 6115 Fort Ave Lynchburg, VA 24502 | (434) 845-7296 | ebay.com |
| The Pawn Shop Lynchburg | 17 Wadsworth St Lynchburg, VA 24501 | (434) 847-7296 | thepawnshopinc.com |
Pawn shops vs payday loan stores in Lynchburg
Lynchburg has 6 pawn shops and 3 payday, installment and title loan stores.
Pawn shops
6
5.8 per 100k residents
Payday & loan stores
3
2.9 per 100k residents
3 store chains
Biggest loan store chains in Lynchburg: ACE Cash Express (1), Mariner Finance (1), 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 Lynchburg
- 2.8%
- Pawn cost, share of monthly household income in Lynchburg
- 1.9%
- A $400 emergency equals
- 2.3 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 |
Lynchburg at a glance
- Median household income
- $64,253
- Virginia: $101,899
- Poverty rate
- 15.3%
- Virginia: 10.1%
- Households under $25,000
- 17.1%
- Virginia: 12.1%
- A $400 emergency equals
- 2.3 days of income
Payday and installment loan stores in Lynchburg
For comparison: storefront payday, installment and title lenders in Lynchburg with addresses, phone numbers and hours.
| Address | Phone | Hours | Google rating |
|---|---|---|---|
| 2126 Wards Rd A Lynchburg, VA 24502 | (434) 239-0837 | — | 4.9 |
| 3211-D Forest Brook Rd Lynchburg, VA 24501 | (434) 385-8007 | — | 4.7 |
| 2144 Wards Rd Lynchburg, VA 24502 | (434) 239-6961 | — | 3.8 |
Pawn shops near Lynchburg
More about Lynchburg
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.