NASDAQ, WRLD - World Acceptance Corp
General. The Company is engaged in the small-loan consumer finance business,
offering short-term small loans, medium-term larger loans, related credit
insurance and ancillary products and services to individuals. The Company
generally offers standardized installment loans of between $130 and $3,000
through 732 offices in South Carolina, Georgia, Texas, Oklahoma, Louisiana,
Tennessee, Illinois, Missouri, New Mexico, Kentucky, Alabama and Mexico as of
March 31, 2007. The Company generally serves individuals with limited access to
consumer credit from banks, savings and loans, other consumer finance businesses
and credit card lenders. The Company also offers income tax return preparation
services and access to refund anticipation loans through a third party bank to
its customers and others.
Small-loan consumer finance companies operate in a highly structured regulatory
environment. ...
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