8-K

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

FORM 8-K

CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported) October 6, 2006

WORLD ACCEPTANCE CORPORATION

(Exact Name of Registrant as Specified in its Charter)

South Carolina	0-19599	57-0425114
(State or Other Jurisdiction	(Commission File Number)	(I.R.S. Employer
of Incorporation)		Identification No.)

108 Frederick Street
Greenville, South Carolina 29607
(Address of Principal Executive Offices)
(Zip Code)

(864) 298-9801

(Registrant’s Telephone Number, Including Area Code)

Not Applicable

(Former name or former address, if changed from last report)

     Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

     o Written communication pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

     o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

     o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

     o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4c))

TABLE OF CONTENTS

	Item 8.01. Other Events.
	Item 9.01. Financial Statements and Exhibits.
SIGNATURES
Exhibit Index
EX-99.1

Item 8.01. Other Events.

On October 6, 2006, we issued a press release announcing that we have agreed, and received the required approval from the Judge overseeing the Chapter 11 bankruptcy cases of Titan Financial Group II, LLC and its affiliated companies (“Titan”), to purchase certain assets from Titan. A copy of this press release is filed as Exhibit 99.1 hereto and is incorporated by reference herein.

Item 9.01. Financial Statements and Exhibits.

     (d) Exhibits

Exhibit 99.1 Press release of World Acceptance Corporation dated October 6, 2006

SIGNATURES

     Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: October 6, 2006

World Acceptance Corporation
By:	/s/ Kelly Malson Snape
	Kelly Malson Snape, Vice President and
	Chief Financial Officer

Exhibit Index

Exhibit No.	Exhibit
Exhibit 99.1	Press release of World Acceptance Corporation dated October 6, 2006

EX-99.1

P.O. Box 6429 - Greenville, South Carolina - 29606 - (864) 298-9800	NEWS RELEASE
	For Immediate Release

Contact: Kelly Malson Snape
Chief Financial Officer
(864) 298-9800

World Acceptance to Purchase
Assets from Titan Financial Group for $14.5 Million

Greenville SC, October 6, 2006 — World Acceptance Corporation (Nasdaq-GS: WRLD) announced today that it has agreed to purchase assets, consisting primarily of loans receivable, from Titan Financial Group, II, LLC, and certain of its affiliated companies for approximately $14.5 million in cash. The assets include the loan portfolios and operating assets of Titan office locations across Georgia and South Carolina. On October 6, 2006, the Bankruptcy Court Judge exercising jurisdiction over the Chapter 11 bankruptcy cases filed by Titan and its affiliates entered an order approving the agreed purchase terms. World expects to close this acquisition in mid-October.

“We expect to keep open 38 of the 69 Titan offices and consolidate the remaining Titan offices into our existing operations,” stated Sandy McLean, World CEO. “Many of the retained offices will put us in markets not currently served by our existing offices.”

About World Acceptance

World Acceptance Corporation is one of the largest small-loan consumer finance companies, operating 678 offices in eleven states and Mexico. It is also the parent company of Paradata Financial Systems, a provider of computer software solutions for the consumer finance industry.

Forward-looking Statements

This press release may contain various “forward-looking statements” within the meaning of Section 27A of the Securities Exchange Act of 1934, as amended, that represent the company’s expectations or beliefs concerning future events. Such forward-looking statements are about matters that are inherently subject to risks and uncertainties. These risks and uncertainties include, but are not limited to: contingencies that might affect the company’s ability to complete the Titan acquisition or its subsequent integration and office consolidation plans on the terms described above, changes in the timing and amount of revenues that may be recognized by the company, changes in current revenue and expense trends (including trends affecting charge-offs), changes in the company’s markets and changes in the economy (particularly in the markets served by the company). Such factors are discussed in greater detail in the company’s filings with the Securities and Exchange Commission. World Acceptance Corporation is not responsible for updating the information contained in this press release beyond the publication date, or for changes made to this document by wire services or Internet services.

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