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Part of the Cash America Pawn chain · locations
Cash America Pawn in Memphis, TN
Memphis, TN's Cash America Pawn at 2421 Covington Pike offers quick cash for jewelry, electronics, and collectibles.
Data compiled from public sources · Rating from CreditDoc methodology
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 needing fast cash 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 need immediate cash 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
- Immediate cash 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
Rating Breakdown
Value 5.0
Effectiveness 3.5
Customer Service 3.7
Transparency 3.5
Ease of Use 3.9
Frequently Asked Questions
Is Cash America Pawn legitimate?
Yes. Cash America Pawn is a registered company, headquartered in 2421 Covington Pike, Memphis, TN 38128.
Quick Facts
- Headquarters
- 2421 Covington Pike, Memphis, TN 38128
- BBB Accredited
- No
- Starting Price
- Contact provider
- Setup Fee
- None
- Money-Back Guarantee
- No
CreditDoc Diagnosis
Doctor's Verdict on Cash America Pawn
FirstCash is best for consumers with valuable collateral who need immediate cash 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.
Best For
- Consumers needing immediate cash 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 2026-04-29
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