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Although the emergence of capital markets has decreased reliance on loan financing to some extent, loan finance remains a critical component of corporate finance in most nations.
This can be given either intra-group by associated trade or finance firms or externally by financing entities unrelated to the borrower.
One purpose of Wallace Finance is to assist you in obtaining the funds you require when you require them.
This section provides an overview of the various loan financing options, especially when it has to do with Wallace Finance.
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About Wallace Finance
Wallace Finance oversees 135 small loan firms in seven states. They’ve been making modest consumer loans since 1980.
Their top management and field supervisors have combined expertise of more than 140 years in assisting our clients.
They manage different licensed, regulated, and audited firms by the states in which they operate, and they completely comply with all applicable laws and regulations.
What Do They Do at Wallace Finance?
Wallace Finance practice Responsible Lending, which means we consider factors other than credit ratings.
They assess a borrower’s stability, capacity, borrowing history, and desire to repay a loan to provide you with the optimal loan for your income and financial position.
You can visit one of their 120+ locations, and their helpful staff will walk you through the simple application process in 30 minutes or less.
Some of their loan facility include:
- Installment Loans
- Car Repair Loans
- School Loans
- Emergency Loans
- Small Loans
- Vacation Loans
- Starter Loans
- Build Credit
What is an Installment Loan?
Individuals can get an installment loan by agreeing to borrow a specific sum from a lender and repay it in equal installments over a specific time period.
Installment loans reflect favorably on your capacity to manage debt responsibly if you make complete payments in a regular and timely manner. Installment loans provide you with the funds you require.
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What is a Car Repair Loan?
A personal loan is one option that may help you obtain the funds you want for your automobile repair.
Moreover, depending on the lender and whether you are authorized, monies might be put into your bank account as soon as the following working day.
These are installment loans, meaning lenders will allow you to repay the money you borrow over time with regular monthly installments.
In addition to the loan amount, you may be forced to pay interest and fees, which vary from lender to lender.
Your credit history is one element that may influence your ability to qualify for a personal loan. If you are authorized, your credit will almost certainly influence the conditions and interest rate you are provided.
If you want a personal loan for vehicle repairs but don’t qualify for the loan or the interest rates you desire, you should consider applying for a personal loan with Wallace Finance.
School Loan
A student loan is borrowed from the government or a private lender to cover college expenses.
The loan must be repaid later, along with interest accumulating over time.
The funds are typically used for tuition, housing, board, books, or other costs. However, some students utilize their loan funds for other purposes.
To be clear, student loans are not the same as scholarships and grants. Loans must always be repaid (unless you’re one of the happy few who get a portion of your debt forgiven, which is highly unusual).
On the other hand, scholarships and grants do not have to be repaid (after all, who doesn’t like free money?).
Student loans differ from work-study programs, in which students are compensated to work on campus.
Getting a student loan at Wallace Finance is easy; follow through with the application process.
Emergency Loans
An emergency loan is a personal loan immediately released so you can utilize it for unexpected or unanticipated needs.
You may want quick access to funds to deal with unforeseen circumstances such as a car breakdown or an emergency medical bill.
Borrowers with excellent credit will receive the best interest rate on an emergency personal loan.
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Small Loan
A small personal loan might assist you in raising cash for house repairs or unexpected costs.
A small loan may be the way to go if you need money now and can return it in installments.
Vacation Loan
A vacation loan is a type of personal loan designed to fund travel.
A vacation loan can be a sensible method to fund a significant trip or a once-in-a-lifetime adventure since you obtain a fixed rate and can select your duration to decide your monthly payments.
Starter Loan
The Starter Loan is a secondary loan taken to assist with the beginning expenditures of purchasing or developing a house.
The Starter Loan has a five-year payback period with no interest or repayments necessary.
If the Starter Loan is not paid in full at the end of five years, it will be examined and may be added to your principal loan balance, thereby increasing your loan term.
Wallace Finance Loan Application Process
Obtaining a personal loan should be quick, simple, and dependable. As a result, the loan agreements always include the following:
- All costs are paid in advance.
- Your set rate of interest
- Monthly payment estimate
- Your payment deadline
Fill out the simple application to get started on the lending process. Once you’ve been accepted, your next destination should be your local branch.
A staff member will inquire about your financial objectives and discuss your financing alternatives.
Also, We’ll prepare your check as soon as we verify your application. It’s as easy as that.
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Branches of Wallace Finance
Listed below are some branches of Wallace Finance.
- Empire Finance
- State Finance
- Liberty Finance
- Dixie Finance
Wallace Finance Locations
The following are the Wallace Finance locations:
Empire Finance of Springfield
Address: 2623 North Kansas Expressway, Springfield, MO 65803, USA
Phone: (417) 720-2211
Empire Finance of Denton
Address: 828 West University Drive, Denton, TX, USA
Phone: (940) 257-2111
Empire Finance of Burleson
Address: 1351 SW Wilshire Blvd, Burleson, TX, USA
Phone: (817) 756-8626
Empire Finance of Webb City
Address: 1202 South Madison Street, Webb City, MO, USA
Phone: (417) 595-0775
Empire Finance of Glenpool
Address: 12100 South Yukon Avenue, Glenpool, OK, USA
Phone: (918) 615-6644
Liberty Finance of Northport
Address: 2801 Lurleen B Wallace Boulevard, Northport, AL, USA
Phone: (205) 614-4944
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Empire Finance of Moore
Address: 642 Northwest 12th Street, Moore, OK 73160, USA
Phone: (405) 759-4497
Empire Finance of Irving
Address: 2614 North Belt Line Road, Irving, TX, USA
Phone: (972) 916-9388
Empire Finance of Oklahoma City
Address: 3421 Southwest 104th Street, Unit #4, Oklahoma City, OK, USA
Phone: (405) 832-5003
Empire Finance of Norman
Address: 627 12th Avenue Northeast, Norman, OK 73071, USA
Phone: (405) 310-8540
Empire Finance of Tulsa
Address: 13235 Hobbs Creek Dr, Collinsville, OK 74021, USA
Phone: (918) 863-8999
Dixie Finance of Okmulgee
Address: 123 E 6th, Okmulgee, OK, USA
Phone: 918-756-5700
Dixie Finance of Lawton
Address: 1907 West Gore Boulevard, Lawton, OK, USA
Phone: 580-699-8558
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Dixie Finance of Broken Arrow
Address: 507 North Aspen Avenue, Broken Arrow, OK, USA
Phone: 918-258-0404
Dixie Finance of McAlester
Address: 220 East Choctaw Avenue, McAlester, OK, USA
Phone: 918-423-3810
Email: mike.kell@wallacemgt.com
Empire Finance of Shawnee
Address: 4006 N Kickapoo Ave, Shawnee, Oklahoma, USA
Empire Finance of McKinney
Address: 1705 W University Dr, McKinney, TX 75069, USA
Phone: (214) 444-3703
Empire Finance of Texarkana
Address: 3601 N Stateline Ave, Texarkana, TX, USA
Empire Finance in Bedford
Address: 2113 Harwood Rd, Bedford, TX 76021, USA
Phone: (682) 324-9338
Empire Finance of McKinney
Address: 1705 West University Drive, McKinney, TX, USA
Phone: (214) 444-3703
Empire Finance of Lewisville
Address: 310 East Round Grove Road, Lewisville, TX, USA
Phone: (469) 444-9199
Empire Finance of Watauga
Address: 6420 Denton Hwy, Watauga, TX, USA
Phone: (817) 918-9776
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State Finance of Murfreesboro
Address: 1786 W Northfield Blvd, Murfreesboro, TN 37129, USA
Phone: (615) 291-1711
Empire Finance of Hurst
Address: 1832 Precinct Line Rd, Hurst, TX 76054, USA
Phone: 682-257-4777
Dixie Finance of Watts
Address: 3455 U.S. 412, Watts, OK 74964, USA
Phone: 918-422-6120
Email: ffo@wallacemgt.com
Dixie Finance of Wagoner
Address: 611 W Cherokee St, Wagoner, OK 74467, USA
Phone: 918-485-0870
Fax: 918-485-0872
Email: ffx@wallacemgt.com
Dixie Finance of Owasso
Address: 9100 N Garnett Rd, Owasso, OK 74055, USA
Phone: 918-376-2088
Fax: 918-376-2246
Email: ffw@wallacemgt.com
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Dixie Finance of Okmulgee
Address: 123 E 6th, Okmulgee, OK 74447, USA
Phone: 918-756-5700
Fax: 918-756-5700
Email: ffp@wallacemgt.com
Dixie Finance of Muskogee
Address: 300 East Side Boulevard, Muskogee, OK 74403, USA
Phone: 918-683-2983
Fax: 918-683-2983
Email: ffr@wallacemgt.com
Reviews
Kimberly
“Very friendly, always greets me with a smile. Love these ladies.”
Mary Jane Mcmahon
“I love the friendliness of the staff and the ability to call them up when I’m short on cash, and they always come through for me. Thank you, poplar bluff Missouri empire.”
Patricia Kiser
“They are so friendly. I got Myself what I needed. Thank You so much for giving Me a chance.”
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Tammy Bennett
“They have an amiable staff that will go the extra mile for you. Toni was excellent to work with.”
Allan Rooster
“I have always used the Arnold, Missouri location for Wallace Management, and they have always been fair upfront, and Tiffany is one of the nicest people I’ve ever met! Great personality, is very professional, and does everything she can to try to help in any way.”
“I had to write a review and give her and Wallace’s management a great review because they deserve it! Five stars here! Thank you!!!”
Conclusion
Wallace Finance is a small loan company located in seven states in the U.S. their purpose is to assist you in obtaining the funds you require when you require them.
They assess a borrower’s stability, capacity, borrowing history, and desire to repay a loan to provide you with the optimal loan for your income and financial position.
You can visit one of their 120+ locations, and their helpful staff will walk you through the simple application process in 30 minutes or less.
FAQs
How Are These Loans Secured?
Wallace Finance loans are almost entirely unsecured. Loans may occasionally be collateralized with a car title or high-end home goods but never with access to a borrower’s bank account.
They use “responsible underwriting” and rely on the borrowers for repayment.
What is Responsible Lending?
The borrower’s stability, capacity, and desire to repay the loan using budgets and credit records, among other things.
Budgets, in particular, assist in determining whether or not the loan is AFFORDABLE.
Another factor to consider is our relationship with the borrower; many of them are repeat clients who return year after year.
We evaluate each application individually and never rely only on credit ratings or a scoring algorithm to assess creditworthiness.
What Does an Installment Loan Company do?
Traditional Installment Loan firms provide clients with loans that must be returned in equal monthly installments.
Wallace Finance loans vary from $200 to $1525* and have terms ranging from 4 to 11 months.
The maximum and minimum loan amounts will differ by state. For further information, please get in touch with your local branch.
How are these loans secured?
Wallace Finance loans are almost entirely unsecured. Loans may occasionally be collateralized with a car title or high-end home goods but never with access to a borrower’s bank account.
They use “responsible underwriting” and rely on the borrowers for repayment.
What is Responsible Lending?
The borrower’s stability, capacity, and desire to repay the loan using budgets and credit records, among other things.
Budgets, in particular, assist in determining whether or not the loan is AFFORDABLE.
Another factor to consider is our relationship with the borrower; many of them are repeat clients who return year after year.
We evaluate each application individually and never rely only on credit ratings or a scoring algorithm to assess creditworthiness.
What does an Installment Loan company do?
Traditional Installment Loan firms provide clients with loans that must be returned in equal monthly installments.
Wallace Finance loans vary from $200 to $1525* and have terms ranging from 4 to 11 months.
The maximum and minimum loan amounts will differ by state. For further information, please get in touch with your local branch.
Reference
- wallacefinance.com – Wallace Finance | All You need to Know
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