Have you taken a high-interest installment loan from World Finance or World Acceptance? We’d like to hear from you. World’s loans may violate federal and state laws.
In addition, many World Finance installment loans come with “credit insurance.” But that insurance protect World in the event a consumer can’t pay, it doesn’t protect the consumer. Moreover, media reports indicate the World is getting a “kickback” on every credit insurance policy it sells.
Media reports also indicate that World makes it nearly impossible for consumers to opt-out of the insurance.
Lastly, the credit insurance is financed, along with the rest of the installment loan, which means a consumer may be charged much more than the quoted price for the insurance.
If you have taken a loan from World Finance or World Acceptance, contact us.