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
Reviews Credit History and Ability to Repay the Loan Yes No No No Yes
Affordable Fixed Rate Monthly Payments Yes No No No No
Reports to Credit Bureaus Yes No No No Yes
Average Loan Terms 6-46 months1 2-3 Weeks2 2-4 Months 30 Days3 Revolving

World Finance provides Personal Installment Loans. Our Personal Installment Loans do not have large balloon payments and are not payday loans. At World, we work with customers to build payback schedules that have equal, affordable payments over the term of the loan.

Source: Company filings, CFPB, Center for Responsible Lending Report (Feb 2013), Wall Street Research, AFSA Education Foundation:
Personal Loans 101: Understanding Small Dollar Loans
(1) Depending on the size of your personal installment loan in your state of residence, terms may vary.
(2) CFPB, “Payday Loans and Deposit Advance Products”
(3) Center for Responsible Lending, “The State of Lending in America & its Impact on U.S. Households.” Data represents 30-Day Balloon Payment Car-Title Loans