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 Newport News, VA
8 pawn shops in and around Newport News — 4.4 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. Newport News ranks #5 of 27 Virginia cities with pawn shops by shops per resident.
- Pawn shops
- 8
- Pawn shops per 100k
- 4.4
- Virginia: 2.3
- Big-chain shops
- 0
- Payday & loan stores
- 6
- Population
- 182,786
Pawn shops in Newport News: addresses and phone numbers
| Pawn shop | Address | Phone | Website |
|---|---|---|---|
| Advance Pawnbrokers | 13144 Jefferson Ave Newport News, VA 23608 | (757) 969-1203 | advancepawnbrokers.com |
| American Enterprise Pawn Shop | 10740 Jefferson Ave Newport News, VA 23601 | (757) 596-6406 | americanenterprisepawnshop.com |
| Best Pawn and Jewelry | 10247 Warwick Blvd Newport News, VA 23601 | (757) 595-9191 | bestloanandjewelry.com |
| Denbigh Pawn Shop | 15525 Warwick Blvd Newport News, VA 23608 | (757) 887-3333 | denbighpawn.com |
| Elite Pawn Shop Llc | 10117 Jefferson Ave Newport News, VA 23605 | (757) 594-0606 | elitepawnshopllc.com |
| Mario's Pawn Shop 2 | 5970 Jefferson Ave Newport News, VA 23605 | (757) 240-2550 | — |
| Marios Pawn Shop | 3106 Jefferson Ave Newport News, VA 23607 | (757) 380-0010 | mariospawnshop.com |
| Warwick Trading Company | 15674 Warwick Blvd Newport News, VA 23608 | (757) 369-1212 | warwicktradingcompany.com |
Pawn shops vs payday loan stores in Newport News
Newport News has 8 pawn shops and 6 payday, installment and title loan stores.
Pawn shops
8
4.4 per 100k residents
Payday & loan stores
6
3.3 per 100k residents
4 store chains
Biggest loan store chains in Newport News: ACE Cash Express (2), Lendmark Financial Services (2), 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 Newport News
- 2.7%
- Pawn cost, share of monthly household income in Newport News
- 1.8%
- A $400 emergency equals
- 2.2 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 |
Newport News at a glance
- Median household income
- $65,812
- Virginia: $101,899
- Poverty rate
- 15.2%
- Virginia: 10.1%
- Households under $25,000
- 17.0%
- Virginia: 12.1%
- A $400 emergency equals
- 2.2 days of income
Payday and installment loan stores in Newport News
For comparison: storefront payday, installment and title lenders in Newport News with addresses, phone numbers and hours.
| Address | Phone | Hours | Google rating |
|---|---|---|---|
| 10143 Jefferson Ave A Newport News, VA 23605 | (757) 599-1830 | — | 4.9 |
| 12917 Jefferson Ave J Newport News, VA 23608 | (757) 875-5700 | — | 4.9 |
| 12551 Jefferson Ave Ste 217 Newport News, VA 23602 | (757) 269-9146 | — | 3.9 |
| 954 J Clyde Morris Blvd #105 Newport News, VA 23601 | (757) 598-1909 | — | 4.7 |
| 210 Arthur Way Newport News, VA 23602 | (757) 969-6400 | — | 4.8 |
| 12785 Jefferson Ave Newport News, VA 23602 | (757) 872-4054 | — | 4.0 |
Pawn shops near Newport News
More about Newport News
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.