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 Janesville, WI
2 pawn shops in and around Janesville — 2.7 per 100,000 residents, compared with 0.8 across Wisconsin. Call ahead to ask what they're buying and lending on today: inventory needs change weekly. Janesville ranks #2 of 10 Wisconsin cities with pawn shops by shops per resident.
- Pawn shops
- 2
- Pawn shops per 100k
- 2.7
- Wisconsin: 0.8
- Big-chain shops
- 0
- Payday & loan stores
- 7
- Population
- 73,928
Pawn shops in Janesville: addresses and phone numbers
| Pawn shop | Address | Phone | Website |
|---|---|---|---|
| Casey's Pawn Shop | 1706 Center Ave Janesville, WI 53546 | (608) 754-7833 | pawnbat.com |
| The Coin Shop | 411 W Milwaukee St Janesville, WI 53548 | (608) 757-1110 | janesvillecoinshop.com |
Pawn shops vs payday loan stores in Janesville
Janesville has 7 payday, installment and title loan stores but only 2 pawn shops.
Pawn shops
2
2.7 per 100k residents
Payday & loan stores
7
9.5 per 100k residents
7 store chains
Biggest loan store chains in Janesville: Advance America (1), Check 'n Go (1), Check Into Cash (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 (~574%+ 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 Janesville
- 2.5%
- Pawn cost, share of monthly household income in Janesville
- 1.6%
- A $400 emergency equals
- 2.0 days of income
Payday: a typical fee of $75 on a $500 loan for 2 weeks, paid twice for a one-month loan (Wisconsin 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 Wisconsin 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 WI | |
|---|---|---|
| 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 Wisconsin | Pawnbrokers are licensed and regulated by Wisconsin; fees, terms and holding periods are set by state law | Allowed, up to No state limit; typical APR ~574%+ |
Janesville at a glance
- Median household income
- $72,907
- Wisconsin: $78,208
- Poverty rate
- 9.7%
- Wisconsin: 10.8%
- Households under $25,000
- 13.5%
- Wisconsin: 13.5%
- A $400 emergency equals
- 2.0 days of income
Payday and installment loan stores in Janesville
For comparison: storefront payday, installment and title lenders in Janesville with addresses, phone numbers and hours.
| Address | Phone | Hours | Google rating |
|---|---|---|---|
| 2900 Deerfield Dr., Ste. 118 Janesville, WI 53546 | (608) 741-1802 | Mon–Fri 9:00 AM – 5:30 PM Sat–Sun closed |
— |
| 2521 Milton Ave Janesville, WI 53545 | (608) 752-7100 | — | 4.9 |
| 2811 Milton Ave Ste 150 Janesville, WI 53545 | (608) 743-9870 | — | 4.8 |
| 2228 Humes Rd #1 Janesville, WI 53545 | (608) 756-7408 | — | 4.9 |
| 2833 Milton Ave Ste 3 Janesville, WI 53545 | (608) 752-9425 | — | 4.6 |
| 2919 N Lexington Dr #101 Janesville, WI 53545 | (608) 741-1336 | — | 4.9 |
| 1421 Milton Ave Janesville, WI 53545 | (608) 208-9320 | — | 5.0 |
Pawn shops near Janesville
More about Janesville
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.