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 Bellingham, WA
3 pawn shops in and around Bellingham — 2.3 per 100,000 residents, compared with 1.8 across Washington. Call ahead to ask what they're buying and lending on today: inventory needs change weekly. Bellingham ranks #14 of 24 Washington cities with pawn shops by shops per resident.
- Pawn shops
- 3
- Pawn shops per 100k
- 2.3
- Washington: 1.8
- Big-chain shops
- 1
- Payday & loan stores
- 2
- Population
- 130,013
Pawn shops in Bellingham: addresses and phone numbers
| Pawn shop | Address | Phone | Website |
|---|---|---|---|
| Bellingham Pawn | 4161 Bennett Dr Bellingham, WA 98226 | (360) 671-3073 | bellinghampawnshop.com |
| Cash America PawnChain | 4006 Wa-539 Bellingham, WA 98226 | (360) 647-2171 | find.cashamerica.us |
| Miracle Pawn Inc / Silencershop dealer | 4811 Guide Meridian Rd Bellingham, WA 98226 | (360) 398-8839 | miraclepawn.com |
Pawn shops vs payday loan stores in Bellingham
Bellingham has 3 pawn shops and 2 payday, installment and title loan stores.
Pawn shops
3
2.3 per 100k residents
Payday & loan stores
2
1.5 per 100k residents
2 store chains
Biggest loan store chains in Bellingham: Lendmark Financial Services (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 (~390% 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 Bellingham
- 2.4%
- Pawn cost, share of monthly household income in Bellingham
- 1.6%
- A $400 emergency equals
- 1.9 days of income
Payday: a typical fee of $75 on a $500 loan for 2 weeks, paid twice for a one-month loan (Washington 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 Washington 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 WA | |
|---|---|---|
| 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 Washington | Pawnbrokers are licensed and regulated by Washington; fees, terms and holding periods are set by state law | Allowed, up to $700 or 30% of income; typical APR ~390% |
Bellingham at a glance
- Median household income
- $75,629
- Washington: $100,769
- Poverty rate
- 15.1%
- Washington: 10.0%
- Households under $25,000
- 15.7%
- Washington: 11.2%
- A $400 emergency equals
- 1.9 days of income
Payday and installment loan stores in Bellingham
For comparison: storefront payday, installment and title lenders in Bellingham with addresses, phone numbers and hours.
| Address | Phone | Hours | Google rating |
|---|---|---|---|
| 4285 Meridian St Ste 103 Bellingham, WA 98226 | (360) 483-2827 | — | 5.0 |
| 4151 Meridian St #114 Bellingham, WA 98226 | (360) 734-5444 | — | 3.9 |
Pawn shops near Bellingham
More about Bellingham
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.