Fast and easily process
Applied for a 5k personal loan for debt consolidation because I seen on CK that the odds where above excellent. My credit was about 615 since running it a bunch of times to get a car. So I was shooting for the stars with this one. So, I put in my info and they approved me in like 30 seconds. They gave me the option of two loans one 9k secures with a car title as colladaral or a 6k unsecured loan with just proof of income and residency. I submitted a pdf of my check stub and ID and was scheduled for a meeting in store the very next day. Although still skeptical, I went anyway. Before arriving I made sure I had all paper work they needed to make this transition go as smoothly as possible. They said all I needed was a checking information that had my account number and actual name on it. I don’t use checks so I asked if I could print out something from my only banking and they approved me to do so. Once I went over apr and length of term the rep gave me a few payment options. I could either receive the money in my account by the next day in full or they could sum up all the bills that I have and pay them off personally. I of course opted for the lump sum deposited into my account. I also was offered insurance on the loan. One for just Incase I lost my job and one just Incase I die. I think that was great especially for no more that $10 more on the loan. After signing the papers I was out the door and not even 24hrs later ... I had a $6k deposited with no hassle. EASY BREEZY.
CONS
-term is a long term (over 2 years)
-APR RATE is high for bad credit (over 15%)
-if you fulfill the full term you will ultimately end up paying back double of what you borrowed :-(
PROS
-Early pay offs with no penalties
-Early pay offs avoid paying double of what you borrrowed
-Early pay offs gets you cash back
-can pay to the principal and to get APR.
-get insurance on loan for any misshaps
-get money to bank account in under 24hrs
-APR rate is high but still lower than a lot of credit cards.
-reports to all 3 credit bureaus
-monthly is affordable
-monthly payment can be structured how ever you want them to.
So in the end you have to weight the pros and cons to determine if it’s worth it for you.
easy proccess
If you need it try they will make it happen
Great atendant! Lovely team work and fas
We make business againg,soon
Quick, efficient, professional
Quick, friendly service! Application process was effortless and $ was in my account the very next day!
Good rates for bad credit.
Employees who helped me were very friendly and helpful.
what was your credit score
High Interest, low quality CSR's,
I made the mistake of taking a small loan to fix a car, at the time my credit was in bad shape because of the utilization ratio of my credit cards. Needless to say the interest rates are staggering, but being between a hard place and a rock I paid +20% to get my car fixed asap. I paid the loan off early but not to my surprise the interest is blanketed, in other words no matter how fast you pay it off your paying the full amount of interest, when trying to talk to them about lowering the interest rates prior to accepting the loan they would not budge. They also do not report to all credit agencies so if you are looking to improve your equifax scores skip this company.
bad
this place is a joke they treat me like garbage customers service was crapy
Great loan
Make sure you understand what you are signing and don't get tricked into buying add insurances that you don't need on the loan. Cause in the long run will end up paying back almost dubble of what the loan is tuely is.
I needed a loan to pay off some old debt
They believed in me when others turned me down.
I needed a loan to pay off some old debt
They beleived in me when others turned me down.
helped with improving my credit score
Am feeling less stressed due to being able to consolidate my bills which also helped to positively impact my credit score. Can't say enough about the great custormer service and the overall easy process with obtaining a loan with One Main Financial. Truly a great company to do business with.