Advantages of Personal Installment Loans

Personal Installment Loans vs. Alternative Options

Personal Installment Loans differ greatly from title loans, pawn shop loans, payday loans and even credit cards. The structure and terms of personal installment loans are tailored to the customer’s needs. See the difference:

Personal Installment Loan Payday Loan Pawn Shop Loan Title Loan Credit Cards Buy Now, Pay Later1
Affordable Fixed Rate Monthly Payments Yes No No No No Sometimes
Reviews Credit History and Ability to Repay the Loan Yes No No No Yes Sometimes
Reports to Credit Bureaus Yes No No No Yes Sometimes
Usage Flexibility Yes Yes Yes Yes Yes No
Transparent Pricing, No hidden fees Yes No No No No No
Average Loan Terms 6-46 months2 30 days 2-4 Weeks3 30 Days4 Revolving 4 set installments*

Since 1962, World Finance has provided Personal Installment Loans focusing on the customer’s stability and willingness to pay. Our Personal Installment Loans do not have large balloon payments and are not payday loans. At World Finance, we work with customers to build transparent pay-back schedules that have a fixed rate and affordable payments over the term of the loan, which helps to build credit.

Company filings, CFPB, Center for Responsible Lending Report (Feb 2013), Wall Street Research, AFSA Education Foundation: Personal Loans 101: Understanding Small Dollar Loans
(1) “What is Buy Now, Pay Later?” by Jackie Veling December 22, 2021
“Buy Now, Pay Later: Here’s What You Should Know” by Robin Saks Frankel, October 11 2021
“How Does “Buy Now, Pay Later’ Affect Your Credit Score” by Dawn Papandrea , January 3, 2022
(2) Depending on the size of your personal installment loan in your state of residence, terms my vary.
(3) CFPB, “Payday Loans and Deposit Advance Products”
(4) Center for responsible Lending, “The State of Lending in America & its Impact on U.S. Households.” Data represents 30-Day Balloon Payments Car-Title Loans
*set installments may vary

See the Difference

  • Affordable
    monthly plans
  • No bank account