World Acceptance - Home Mortgage

World Acceptance
4127 Progress Boulevard,
Peru, IL 61354
Phone:(815) 223-2240

WORLD ACCEPTANCE CORPORATION, founded in 1962, is one of the largest small-loan consumer finance companies in the United States and Mexico. It offers short-term small loans, medium-term larger loans, related credit insurance products, ancillary products and services to individuals who have limited access to other sources of consumer credit. It also offers income tax return preparation services and access to refund anticipation loans (through a third party bank) to its customer base and to others.

World emphasizes quality customer service and the building of strong personal relationships with its customers. As a result, a substantial portion of the Company's business is repeat business from the renewal of loans to existing customers and the origination of new loans to former customers. During fiscal 2009, the Company loaned $1.9 billion in the aggregate in 1.9 million transactions. At March 31, 2009, World had approximately 732,000 customers. The Company's loans generally are under $3,000 and have maturities of less than 24 months. World's average gross loan made in fiscal 2009 was $1,011, and the average contractual maturity was approximately eleven months.

The Company also markets computer software and related services to financial services companies through its ParaData Financial Systems subsidiary. The ParaData system is currently used in approximately 1,465 consumer loan offices, including the Company's branch offices, and ParaData services over 107 customers.

As of June 17, 2009, World operated 945 offices in South Carolina, Georgia, Texas, Oklahoma, Louisiana, Tennessee, Missouri, Illinois, New Mexico, Kentucky, Alabama and Mexico.

Copyright Â© 2009 World Acceptance Corporation,