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 Martinsburg, WV
4 pawn shops in and around Martinsburg — 5.8 per 100,000 residents, compared with 6.1 across West Virginia. Call ahead to ask what they're buying and lending on today: inventory needs change weekly. Martinsburg ranks #2 of 4 West Virginia cities with pawn shops by shops per resident.
- Pawn shops
- 4
- Pawn shops per 100k
- 5.8
- West Virginia: 6.1
- Big-chain shops
- 0
- Payday & loan stores
- 2
- Population
- 69,328
Pawn shops in Martinsburg: addresses and phone numbers
| Pawn shop | Address | Phone | Website |
|---|---|---|---|
| Frazier's Pawn Shop | 922 N Queen St Martinsburg, WV 25404 | (304) 263-8511 | frazierspawnshop.com |
| J&S Pawn and Guns | 529 Winchester Ave Martinsburg, WV 25405 | (304) 350-8618 | jspawnguns.com |
| Martinsburg Gold Buyers | 780 Foxcroft Ave Martinsburg, WV 25401 | (304) 262-4445 | shopmartinsburgmall.com |
| Paradise Pawn | 482 Williamsport Pike Martinsburg, WV 25404 | (304) 263-8100 | — |
Pawn shops vs payday loan stores in Martinsburg
Martinsburg has 4 pawn shops and 2 payday, installment and title loan stores.
Pawn shops
4
5.8 per 100k residents
Payday & loan stores
2
2.9 per 100k residents
2 store chains
Biggest loan store chains in Martinsburg: 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 (not legal in West 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 Martinsburg
- 2.5%
- Pawn cost, share of monthly household income in Martinsburg
- 1.7%
- 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 (West 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 West 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 WV | |
|---|---|---|
| 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 West Virginia | Pawnbrokers are licensed and regulated by West Virginia; fees, terms and holding periods are set by state law | Storefront payday loans are not allowed in West Virginia |
Martinsburg at a glance
- Median household income
- $72,252
- West Virginia: $60,548
- Poverty rate
- 14.7%
- West Virginia: 16.7%
- Households under $25,000
- 14.4%
- West Virginia: 21.8%
- A $400 emergency equals
- 2.0 days of income
Payday and installment loan stores in Martinsburg
For comparison: storefront payday, installment and title lenders in Martinsburg with addresses, phone numbers and hours.
| Address | Phone | Hours | Google rating |
|---|---|---|---|
| 796 Foxcroft Ave Ste 105 Martinsburg, WV 25401 | (304) 267-2058 | — | 4.5 |
| 1349 Edwin Miller Blvd Martinsburg, WV 25404 | (304) 263-0888 | — | 4.3 |
Pawn shops near Martinsburg
More about Martinsburg
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.