Part of the Cash America Pawn chain · locations
Cash America Pawn logo

Cash America Pawn in Memphis, TN

No stored Google rating available.

Memphis, TN's Cash America Pawn at 2421 Covington Pike offers quick cash for jewelry, electronics, and collectibles.

Data compiled from public sources

Cash America Pawn Review

Cash America Pawn is located at 2421 Covington Pike in Memphis, TN, operating as a standalone pawn shop serving the local community. The store is open Monday through Friday from 10 AM to 6 PM and Saturday from 10 AM to 5 PM, with convenient access for Memphis residents researching short-term cash access or looking to browse quality used items.

At this Memphis location, you can pawn items of value—including jewelry, electronics, musical instruments, and collectibles—or sell items outright. The staff provides fair evaluations and competitive offers. Call 901-388-7118 to discuss your items before visiting or to ask about current inventory.

If you are researching short-term cash access in Memphis, TN, bring a valid ID and the item you'd like to pawn or sell. Cash America Pawn handles transactions quickly, making it a practical choice for emergency funding or upgrading your collection.

Services & Features

Gold, silver, and platinum buying for immediate cash
Layaway service with 10% down payment option
Lease-to-own and retail finance solutions through AFF subsidiary (15,000+ merchant partners)
Pawn FAQs and educational content on how pawn loans work
Pawn loans secured by personal property (jewelry, electronics, tools, instruments, appliances)
Point-of-sale payment solutions for credit-constrained consumers
Retail sales of used merchandise across multiple categories
Store locator tool to find nearest of 3,300+ locations
Wide inventory of merchandise (jewelry, electronics, tools, appliances, sporting goods, instruments)

Feature Checklist

Mobile App
Online Portal
Score Tracking
Credit Education
Personal Advisor
Identity Theft Protection

Pros & Cons

Pros

  • Massive network of 3,300+ locations across 29 U.S. states, UK, and Latin America for accessibility
  • short-term cash access on the spot for pawn loans and gold sales—no waiting or credit check required
  • Non-recourse pawn loans mean no additional debt collection or credit reporting if you don't repay
  • Buys wide variety of items (jewelry, electronics, tools, instruments, sporting goods, appliances)
  • Layaway service available with only 10% down payment as alternative to credit cards
  • Subsidiary AFF network provides lease-to-own and retail financing through 15,000+ partner locations
  • Publicly traded company (S&P MidCap 400, Russell 2000) suggests financial stability and transparency

Cons

  • Pawn loans carry high effective interest rates due to short loan terms (typically 30-90 days)
  • Risk of losing pledged collateral if unable to repay loan within specified timeframe
  • As a large corporation, less flexibility for negotiation compared to independent pawn shops
  • Layaway service requires 10% down and extended payment plan, tying up cash upfront
  • Primary service targets cash-constrained consumers, implying this is not a low-cost solution

State Consumer Finance Context

This is state-level context for Pawn Shops consumers in Memphis, TN. It does not confirm that Cash America Pawn or this specific location is licensed.

State regulator

Tennessee Department of Financial Institutions

Money services context in Tennessee

Short-term lending status: Legal

General rate context: 24% for consumer finance loans; payday loans regulated under Deferred Presentment Act

Tennessee allows payday lending with a $500 cap and 15% fee limit. Borrowers are limited to two simultaneous loans. The Department of Financial Institutions regulates all consumer lenders, and complaints can be filed with the Department or the Attorney General.

Key state rules to check

  • Payday loans (deferred presentment) capped at $500 with maximum fee of 15% of the advance.
  • Maximum loan term is 31 days.
  • Borrowers limited to two outstanding payday loans at a time.

Source: CreditDoc state-law summary and listed public regulator resources. Verify licensing directly with the listed state regulator before relying on a provider.

Frequently Asked Questions

What services does Cash America Pawn offer?

Cash America Pawn offers 9 services including Pawn loans secured by personal property (jewelry, electronics, tools, instruments, appliances), Gold, silver, and platinum buying for immediate cash, Retail sales of used merchandise across multiple categories, Layaway service with 10% down payment option, Store locator tool to find nearest of 3,300+ locations, and 4 more.

What profile signals are listed for Cash America Pawn?

Cash America Pawn has profile signals associated with Consumers researching short-term cash access who own valuable collateral (jewelry, electronics, instruments), People with poor credit or no credit history unable to qualify for traditional personal loans, Individuals seeking short-term liquidity without the risk of credit reporting or debt collection, Those wanting to sell gold, silver, or platinum quickly for cash at any of 3,300+ locations.

What are the strengths and weaknesses of Cash America Pawn?

Key strengths: Massive network of 3,300+ locations across 29 U.S. states, UK, and Latin America for accessibility; short-term cash access on the spot for pawn loans and gold sales—no waiting or credit check required; Non-recourse pawn loans mean no additional debt collection or credit reporting if you don't repay. Areas to consider: Pawn loans carry high effective interest rates due to short loan terms (typically 30-90 days); Risk of losing pledged collateral if unable to repay loan within specified timeframe.

How does Cash America Pawn compare to similar companies?

In the Pawn Shops category, comparable providers include Accent Jewelers & Loans, Cash America Pawn, TitleMax Title Loans. Each company has different strengths, so compare services, pricing, and consumer complaint records before deciding what to do next.

Quick Facts

Headquarters
2421 Covington Pike, Memphis, TN 38128
BBB Accredited
No
Visit Cash America Pawn

CreditDoc Profile Note

Research Note on Cash America Pawn

FirstCash is profile signals for consumers with valuable collateral who are researching short-term cash access and lack access to traditional credit. The main caveat is that pawn loans are expensive relative to traditional loans due to short terms and high interest rates, and customers risk losing their pledged items entirely if they cannot repay.

Profile Signals

  • Consumers researching short-term cash access who own valuable collateral (jewelry, electronics, instruments)
  • People with poor credit or no credit history unable to qualify for traditional personal loans
  • Individuals seeking short-term liquidity without the risk of credit reporting or debt collection
  • Those wanting to sell gold, silver, or platinum quickly for cash at any of 3,300+ locations
Updated 2026-05-08

Similar Companies

Accent Jewelers & Loans logo

Accent Jewelers & Loans

Memphis-based jewelry buyer and collateral lender offering same-day cash for gold, silver, diamonds, and fine jewelry with eligibility claim to verify.

BBB: NR

Profile signals: Individuals researching short-term cash access who own jewelry, watches, or precious metals and want to avoid credit checks, Memphis residents looking to sell gold, silver, diamonds, or valuables without appointment hassle

Cash America Pawn logo

Cash America Pawn

Memphis, TN's Cash America Pawn at 3305 Austin Peay Hwy offers short-term cash access loans on valuables.

BBB: NR

Profile signals: Consumers with valuable collateral and short-term cash needs who lack access to traditional credit, Those seeking short-term liquidity with eligibility claims to verify or impact on credit scores

TitleMax Title Loans logo

TitleMax Title Loans

Arlington, TN's TitleMax Title Loans at 8939 US-64 offers title-loan profile details with same-day cash funding for local residents.

BBB: NR

Profile signals: Consumers with a fully or nearly paid-off vehicle researching emergency-cash options same-day and may not meet traditional credit criteria, Borrowers with poor or no credit history who have been declined by banks, credit unions, and online personal loan lenders

Compare Your Needs With Cash America Pawn

Answer 3 quick questions to review category, service, and profile context.

1. What's your primary financial goal?

Quick Summary

  • Cash America Pawn is listed as a Pawn Shops provider in Memphis, TN on CreditDoc.
  • Use this page to check contact details, location, listed services, review signals, FAQs, and similar providers before deciding what to do next.
  • If you need a loan, account, installment option, credit help, or debt support, start with the fit quiz and compare alternatives before contacting a provider.
  • For broader context, continue into the free Credit Fundamentals course or a relevant financial wellness guide.

Financial Wellness Guides

Affiliate Disclosure: CreditDoc may earn a commission when you click links to Cash America Pawn and other services. These commissions help us maintain our free research. Compensation does not determine whether a provider can be covered; visible star ratings use stored Google review ratings when available. Learn more.