Here’s information about World Finance on Clinton Highway in Knoxville, TN, formatted as requested:
World Finance – Clinton Highway, Knoxville, TN
World Finance, located on Clinton Highway in Knoxville, Tennessee, is a financial services company providing personal installment loans and related products. They cater primarily to individuals who may have limited or challenged credit histories and are often underserved by traditional banks and credit unions. The Clinton Highway branch offers a local presence for residents seeking short-term financial assistance.
The core business of World Finance revolves around offering secured and unsecured installment loans. These loans are typically used for a variety of purposes, including unexpected medical expenses, car repairs, home improvements, or debt consolidation. Unlike payday loans, installment loans are repaid over a longer period with fixed payments, potentially making them more manageable for some borrowers. The loan amounts available and repayment terms will vary based on individual circumstances and eligibility.
A key aspect of World Finance’s operations is their focus on customer service and building relationships with their clients. Branch staff work with individuals to understand their financial needs and determine suitable loan options. They also provide financial education resources and guidance on responsible borrowing. This personal touch aims to differentiate them from online lenders.
It’s important to note that the interest rates associated with World Finance loans can be higher than those offered by traditional financial institutions. This is due to the higher risk associated with lending to individuals with less-than-perfect credit. Borrowers should carefully review the terms and conditions of any loan agreement, including the annual percentage rate (APR), fees, and repayment schedule, before committing to a loan. Comparing offers from multiple lenders is always recommended to ensure the best possible terms.
The presence of World Finance on Clinton Highway provides a financial option for individuals in the Knoxville area who may not qualify for traditional bank loans. However, prospective borrowers should proceed with caution and fully understand the costs and risks associated with this type of lending. Exploring all available financial options, including credit counseling and alternative loan sources, is always a prudent step before taking out a loan.
Disclaimer: This information is for general knowledge and informational purposes only, and does not constitute financial advice. Interest rates and loan terms vary and are subject to change. Always consult with a qualified financial advisor before making any financial decisions.