Frequently Asked Questions

Still Have a Question?

Feel like you have a lot of questions you need answers to? Well we might have an easy answer for you. Below are a list of some very common questions we get asked. Click on a topic to find relevant questions you might be wanting to ask. If you can not find the answer you are looking for in our frequently asked questions, feel free to reach out to a branch near you to speak to a representative.

  • What is a Personal Installment Loan?

    A personal installment loan is one way to pay for the unusual or surprise expenses that we all face – from auto repairs to home improvement to seasonal expenses. A personal installment loan from World Finance offers fixed rates and fixed payments. Rates are based on state regulations. The loan amount is based on various factors including your personal credit history, your personal income and other personal financial commitments.

  • Is a Personal Installment Loan Right for Me?

    If you need extra funds to cover unexpected expenses, a personal loan may be your best choice. Most lenders do not place limitations on how personal installment loan funds can be used, letting you use your loan for any purpose you need.

    For example, you could use one of our personal installment loans to cover an emergency or unforeseen expense, like a car repair or surprise medical expenses. Or you might use a longer-term personal installment loan to cover a larger expense, such as a home improvement project.

    You should always do your homework on the financial company you are considering, research their history and even consult with a financial advisor.

  • Why Do People Choose Personal Installment Loans?

    We all have sudden and unexpected expenses that come out of nowhere. They’re hard to plan for with tight monthly budgets. When this happens to you and you don’t have the money, an installment loan can be a sensible and convenient option to provide the needed cash.

  • What Are the Benefits of a Personal Installment Loan?

    One of the main benefits of an installment loan, and a major advantage over a payday loan, is that the repayment schedule is consistent with equal monthly payments. This consistency gives you peace of mind in controlling your budget, making it easier to get out of debt and plan for a stronger financial future.

    Because installment loans have a consistent and equal monthly repayment schedule, you won’t be trapped in a never-ending payment cycle of debt like many payday loans may become.

    Personal installment loans have a clear repayment schedule and finance rate to help you calculate the true cost of your personal loan. When used responsibly, installment loans can be an excellent option to get fast money if you’re in a tight or stressful financial situation.

    Get an installment loan of up to $12,000 in your account as soon as the same business day from World Finance. Your monthly payments are fixed in equal payments over a set period of time. A World Finance personal loan comes with a fixed rate and multiple payment options. It’s a consistent way to manage your budget.

  • What are Some Common Reasons People Apply for Loans from World Finance?

    Our customers use our personal installment loans for many reasons, sudden medical expenses, surprise repair bills and even special or seasonal events like trips or a wedding. A personal installment loan from World Finance helps you:

    1. Get your money quickly. You can get your money as soon as the same day.
    2. Escape any surprises! There are no hidden fees and no penalties for paying off your loan early.
  • What are the benefits of a World Finance Personal Installment Loan?

    In the last year*:

    • Over 92,000 New World customers received a loan WITHOUT a credit score
    • Over 400,000 Customers earned a lower interest rate
    • Over 370,000 Customers improved their credit score

    * Data sourced from World Acceptance Corporation 2019 Annual Report (pg 4) and refers to customers with good payment history.