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ONEMAIN FINANCIAL
PERSONAL LOAN REVIEW
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OneMain Financial is an online lender that makes small loans — both single-payment and installment loans — to borrowers with low credit scores. OneM ain Financial’s rates are as high as traditional payday loans in some cases, and lower than payday loans in others
CONSUMER WARNING
Over 800 BBB Complaints
OneMain Financial is a new-ish lender with a long history. It began in 1912 as Commercial Credit, which provided loans for building contractors. After changing hands and names several times, OneMain Financial took its current form in 2015.
OneMain Financial now offers personal and auto loans and has more than 1,600 brick-and-mortar locations in 44 states. This review focuses on OneMain Financial’s unsecured personal loans
OneMain’s personal loans are commonly used for debt consolidation, wedding and medical expenses, home improvement projects and auto financing. The lender considers traditional factors such as credit history and debt-to-income ratio when evaluating borrowers.
High rates: OneMain’s starting annual percentage rate of 16.05% is higher than what is charged by some online lenders that cater to people with poor credit, such as Peerform and Avant. OneMain’s rates top out at 35.99%.
OneMain Financial Customer Complaints Summary:
216 Advertising/Sales Complaints
256 Billing/Collections Complaints
8 Delivery Issues Complaints
6 Guarantee/Warranty Complaints
332 Problem with a Product or Service Complaints
Total: 818 BBB Complaints
Best 2019 Personal Loan Reviews
- Guide to Lenders
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- 10 / 10
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- Loans of $1,000 - $40,000
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- Guide To Lenders provides a free service that helps connect customers with lenders. Their service which can sometimes feel "invisible" seeks to make the application process easy & user-friendly for customers who are looking for a way to consolidate personal debt into one easy payment.
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- PersonalLoans.com
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- 9 / 10
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- Loans of $1,000 - $35,000
Loan Terms of 90 Days - 6 Years
APRs of 5.99% To 35.99% - WHAT WE LIKE
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No Minimum Credit Score Required
Loan Approval Within 24 Hours - BOTTOM LINE
- PersonalLoans.com understands that searching for a loan can often be a daunting and confusing task, especially given the wide array of options that are available. Every aspect of their service has been designed and optimized with the customer in mind. They strive to offer you the most innovative and user friendly experience possible.
- BadCreditLoans.com
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- 8.75 / 10
- SUMMARY
- Loans of $500 - $5,000
Loan Terms of 3 - 72 Months
APRs of 5.99% to 35.99% - WHAT WE LIKE
- Helping People With Bad Credit Since 1998
No Minimum Credit Score Required
Loan Approval Within 24 Hours - BOTTOM LINE
- BadCreditLoans.com has been helping borrowers with bad credit since 1998. Filling out & submitting the application are free and they use data encryption technology to make sure your information is protected. BadCreditLoans.com is a valuable resource for those seeking funds in times of need.
OneMain Financial
- OneMain Financial Review
OneMain Financial Review
CONSUMER WARNING: OneMain Financial is a new-ish lender with a long history. It began in 1912 as Commercial Credit, which provided loans for building contractors. After changing hands and names several times, OneMain Financial took its current form in 2015. OneMain Financial now offers personal and auto loans and has more than 1,600 brick-and-mortar locations in 44 states. This review focuses on OneMain Financial’s unsecured personal loans OneMain’s personal loans are commonly used for debt consolidation, wedding and medical expenses, home improvement projects and auto financing. The lender considers traditional factors such as credit history and debt-to-income ratio when evaluating borrowers. High rates: OneMain’s starting annual percentage rate of 16.05% is higher than what is charged by some online lenders that cater to people with poor credit, such as Peerform and Avant. OneMain’s rates top out at 35.99%. OneMain Financial Customer Complaints Summary: 216 Advertising/Sales Complaints 256 Billing/Collections Complaints 8 Delivery Issues Complaints 6 Guarantee/Warranty Complaints 332 Problem with a Product or Service Complaints Total: 818 BBB Complaints