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Beyond Payday Loans - Editors Picks

 
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A near billion dollar company, World Finance is the largest of an often-overlooked breed of high-cost lender: installment lenders. Ranging from a few hundred to a few thousand dollars, the loans typically last anywhere from six months to three years. The industry boasts millions of customers and over 4,000 locations across at least 19 states, mostly in the south and Midwest, and touts the product as a consumer-friendly alternative to payday loans. World and its competitors gouge borrowers with unnecessary insurance products and persuade their customers to renew their loans over and over again, creating a cycle of debt that often grinds on for years.