CFPB Debt Collection Complaint Ranking*:

#167 of 2,458 Companies

Lawsuits, Penalties, or Sanctions:

EPSTEIN v. WORLD ACCEPTANCE CORPORATION (May 18, 2015.) United States District Court, D. South Carolina, Greenville Division. Civil Action No. 6:14-cv-01606-MGL.

Location and Contact Details:

108 Frederick St
Greenville, SC 29607-2532
Phone: (864) 237-6267
Fax: (864) 237-6859
Janet Lewis Matricciani, CEO
Robyn Yarborough, Ethics Contact 

Business Model:

World Acceptance Corporation is one of the largest small-loan consumer finance companies in the United States and Mexico. It offers short-term small loans, and medium-sized larger loans. It also offers insurance products.

The company is publicly traded on NASDAQ under the symbol WRLD.

Starting in 1962, World Acceptance offered installment loans in South Carolina. It now has a branch network of more than 1,200 locations in 15 states (Alabama, Georgia, Idaho, Illinois, Indiana, Kentucky, Louisiana, Missouri, Mississippi, New Mexico, Oklahoma, South Carolina, Tennessee, Texas and Wisconsin) and Mexico.

The company operates through several subsidiary brand-names including: World Finance Corporation; Colonial Finance Company; World Finance; Midwestern Loans, Inc.; Peoples Finance Company; Midwestern Financial; Personal Credit Plan; Capitol Loans; General Credit Company; Freeman Finance Company; Amicable Finance Company; and Local Loans Company.

In 1993, World Acceptance acquired ParaData Financial Systems. ParaData provides data processing solutions to consumer lending operations. World Acceptance is both a customer to and a parent of ParaData because it maintains its independence. ParaData also is an IBM Business Partner.  

* Ranking determined by the overall number of debt collection complaints to the Consumer Financial Protection Bureau (CFPB) as of year-end 2015 and should be considered in context of company size and/or market share. See the CFPB debt collection complaint database in real-time here

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Michael F. Cardoza, Esq.
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U.S. Marine & Consumer Financial Protection Attorney helping victims of ID theft and Credit Reporting errors.