World 101: What to Expect from your Application & Approval Experience

Applying For Loans

May 3, 2021

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There are countless reasons and ways people find their way to World. Some are in search of loan approval with no credit check, others are curious about loans for bad credit or no credit, sometimes they simply want to compare personal loan rates. The one thing they all have in common? They’re all looking for a financial partner who can help them get the money they need to achieve their financial goals. 

And that’s where World comes in. 

Over the years, all 59 of them, (yes, we’ve been around that long), we’re learned many of our customers don’t have a lot of experience with the world of lending – and that can make finding the right financial partner feel a little bit overwhelming and intimidating. In some instances, they’ve been burned by other types of lenders whose approach is designed to take advantage of people when they need help the most. We’re proud to declare that World is different by design. We don’t believe in deception or bamboozlement. We don’t bury the lead or hide important information in teeny tiny print you’re never going to read. We treat our customers like our friends and neighbors – because they are. (No seriously. We are. Click here to find a local branch). As a valued World customer, our goal is to make your experiences with us approachable and comfortable. We value our customers and understand your money matters are personal. Your lending experience should be, too. 

In this article, we’ll prepare you for the next step in your financial journey with World. We’ll cover some of the basics about what makes World different, and what you can expect from the application process. 

We offer personal loans, not payday loans. 

The kind of loan we offer is called a personal installment loan. It’s exactly what it sounds like. We lend you a set amount of money, then you pay it back in installments each month. Not to be confused with risky payday loans or credit cards, personal installment loans allow customers to borrow money based on their overall financial picture. Even better? Our personal loan interest rates are among the best around. 

When you apply for a loan, we will help establish equal monthly payment based on your ability to repay. No unexpected surprises here. You’ll always know what your payment will be and when it is due. For those looking for a loan for bad credit or no credit (and even those of you with good credit), successfully making payments on your personal installment loan will also help build your credit and create long-term financial stability. 

Which leads us to … 

You’re more than a number to us – and more than a credit score. 

Many of our customers come to us in search of a personal loan for bad credit or no credit. Whether you are hoping to pay off high-interest credit card bills, fund an upcoming expense or simply build up savings for the future, we take your full financial picture (and goals) into account when determining which of our loans is the right fit for you. From credit in the 800s to a credit score of 500, we’ll work to get you the money you need to get back to the good. And we’ll always treat you like a person, not a credit score. 

The Application and Approval Process 

Now that you know what to expect as a World customer, you may be wondering about the application and approval processes. Don’t worry, it’ll be quick and easy. We promise. 

 You can choose to complete your loan application online or in-person at a local branch.  

As part of the closing process, you’ll need to bring a number of documents with you. These include 

  1. Picture ID with signature (driver’s license, state issued ID or passport) 
  2. Address verification (most recent power bill, water bill, etc.) 
  3. Employment and Income Documentation (most recent paycheck stub) 
  4. Social security card  
  5. You may be asked to bring additional information, including the following:
    • Phone numbers of references
    • A list of personal property or a vehicle title to use as collateral

Required documents vary from state to state, so be sure to call your local World Finance branch to get a complete list of documents you will need to provide. You can expect the whole process to take about an hour from start to finish. Once your paperwork is processed, we’ll write you a check or deposit funds to your debit card and have you on your way to achieving your financial goals. 

If you’ve never had a loan with us... 

Once you receive approval, you’ll need to swing by your branch to review the terms of your loan, complete any final paperwork and set up the payment option that works best for you. This is also a great opportunity to discuss any questions you may have, so make a list and bring it along when you stop in. 

 If you’ve previously had a loan with us... 

Once you receive approval, your branch will work with you to get the required documents added to your loan. You can either come into the branch or send your documents with a smart phone camera. If you opt to come into a branch, receive your funds via check or direct to your debit card. If you opt to complete the process online, you can receive your funds direct to your debit card! 

Whether you’re looking for a personal loan for credit card debt or shopping first time personal loans with no credit history, we have an option that’s right for you. 

Interested in some related reading? Check out these articles from our archives: 

How to Improve Your Credit Score 

Legitimate Lenders 101