Please, CreditKarma, REMOVE THIS COMPANY from your list of approved lenders!  They rape and pillage consumers worse than Wall Street!  People would do better to go to a PayDay Loan office than to OneMain Financial.  The product they offer is highway robbery at its worst at extremely high interest rates of 25% and up, and they treat potential customers like dog poop on their shoe.  Everyone working at their office here in Sylmar, CA is a foreigner, and they are the rudest bunch of jerks ever.  PLEASE, PLEASE, PLEASE STOP advertising for them!  It will only reflect badly on CreditKarma to be associated with this nasty, unethical company.  This company richly deserves negative 10 stars, and I regret having to rate even at a one star for worst, but it's the only way I'll be allowed to post.

DO NOT do business with this company.  They do not abide by any of the accepted standards of ethics when it comes to banking.  My girlfriend got snookered into doing business with them.  They will tell you one thing to your face and then print a contract that completely contradicts what they tell you.  They write their credit contracts so it is impossible to pay off the loan early by doubling or even tripling your monthly payment.  They literally charge you the full term's interest up front, the day you sign the contract.  I will give you an example based on my girlfriend's credit contract.  She signed a loan for $7,000 for 60 months at 25% APR.  Her payment was right around $205 a month, give or take a dollar.  Beginning with her first payment, she paid $300 a month in an attempt to pay down the balance faster.  After six months, she used the company's website to get a payoff quote.  The figure quoted was right around $7050.  This seemed insane.  Using any standard amortization calculator, paying that loan at that rate at a pace of $300 a month should have had the balance owed down to just over $6,000.  But that is not how One Main does it.  They said her balance started at roughly $12,300.  They arrived at that figure by taking her $205 payment and multiplying it by 60.  They applied all six of her payments totaling $1800 to the $12,300 "balance."  That is, they applied her payments entirely to interest charges that by any legal standard known could not have accrued yet.  5 years doesn't happen in six months.  That is basic math solved by a 99 cent calculator.  Then, to add insult to injury, the sleezy loan shark at her local branch said "If you pay the loan in full now, we're giving you a REFUND of $3400 !!!"  This is not how any standard car loan, mortgage, motorcyle loan, home equity loan, et al works.  It is supposed to be that you make a payment, part goes to principal and part goes to interest.  It is supposed to be, the more you pay, the overage goes to principal and the more the balance shrinks.  And if you ask them point blank how their loan works, they will do everything in their power to conceal exactly how repayment works.  They will use vague terminology that doesn't jive with what you would hear at any reputable bank, credit union, or mortgage house.  I wish I had been there to see this contract before she signed it.  Now she is basically stuck with it because she doesn't have an extra $7,000 laying around.  But we will be filing complaints about their business practices with the BBB and the OCC and every other body we can think of.  Because regardless of what is printed in the paper, they do not have the right to flat out lie to your face about how the loan works.          

I get a letter in the mail from them about every 2-3 weeks, which usually ends up in the trash. The other night, my wife and  were discussing taking out a loan to pay off my high interest credit cards. I decided to give this place a call. The first question I asked them was about interest, and they told me they would have to run my credit and see. I have a 735 fico, so I figured this shouldn't be a problem. After almost a half an hour of questions, I was told how much I could borrow and what the monthly payments would be. I asked what the interest rate was, and he went into a speel about how it would save me this much or that much a month. Again I asked him about the interest rate, and he changed the subject. Finally, after threatening to hang up on him, he told me the rate was 35.99. I was like, really? With my decent credit, it's that high? He said thats the rate they charge everyone who doesn't own a home. I was like, why didn't you tell me this when I first asked you a half hour ago??? 

Do not do business with these people.They want to give extremely high interest loans to people in trouble.This will not help you consolidate.You are much better off keeping the bills you have it will take you far less time to pay-off.If you try to pay early they want all of the interest too.They tell you to bring a voided check with you because diect deposit is mandatory with them.please people do not deal with these crooked thieves

I received the pre-approved flyer in the mail.  My credit was sub par....580...I went in to talk to the lender...He talked the good game.."Taking a personal loan to pay off credit cards will greatly improve your credit."  "There is no penalty for paying off the loan  early".  "You will be at a fixed rate"

I had 6k of cc debt, spread on six cards...19% average interest rate...they offered 22%..I thought...get all payments in one place, improve my credit score..and get the loan paid off early...lets do it

When he was going over all the paper work, he continually said, this will be the total amount paid if you run the term of the loan...pretty similiar to what you hear with a mortgage or auto loan...

I didn't read throughly and just signed.  With the swipe of a pen, my debt went from 6k to 10k.  All of the interest is charged up front.  There is really no motivation to pay off early.  You will not be charged any additional interest to run the term.  Use any extra money to pay off credit that has accured interest

My score did improve, but I feel the lender was very misleading.  Shame on me for not reading and understanding before I signed.  They were VERY misleading and count on you not reading before you sign.

If you deal with these guys..make sure you understand before you sign.

Don't believe the positive reviews I suspect those are absolutely FAKE. This company is a farce....I applied for a loan with them sometime ago 710 REAL FICO score decent income but wanted to consolidate a few major bills. "There isn't anything we can do for you" what a FARCE.

I have a very unique experience which I will get in to shortly

First Pros and Cons:

Pros

-          If you need a loan and you understand what you are signing up for, you are getting exactly what you expect

-          The loan is legitimate and they do not frontload the interest as I have seen in other posts

-          If your credit is less than stellar, and you are in need of cash, this place may be one of the few options you have

Cons

-          High interest rates, daily applied and low payments over a long period is very predatory, let me explain:

let's say your loan payment is 200 per months for 60 months at 25% interest, that payment is likely 175 interest and 25 principal at the outset of the loan - choose to pay more than the minimum and don't miss even one payment. let's say you miss one payment , 175 interest tacked on, your next 7 payments will be all interest payments, 25 per month for 7 months to make up for the 175 you lost on one payment. They are praying you miss one payment.

-          Customer service is abysmal; associates and branch managers posture way too much and don't know good customer service. They realize that people that come to them for loans are fairly desperate so they think they can act and speak to the customers in a contrite manner, it was a terrible experience.

-          The application process is not easy nor short. I was in the office for an 90 minutes waiting on everything, their process is far from streamlined.

-          You cannot cancel an auto payment via the web but you can sure as hell set one up.

-          No easy way to escalate issues to corporate, the branch members are not willing to help in fear it will reflect badly on them.

-          I went to the riverbank, CA branch – I warned you.

Here is my unique situation:

I was approached for a loan increase around the holidays, turns out they had the wrong file, the first two letters of our last name were the same the last three were different, it sounded the same but spelled different. I didn't receive the new loan (thank goodness) but during this process they withheld a payment while the loan was processing (or not processing as it were)

I made a double payment the next month, but they still tacked on the extra interest on their mistake. Now I brought this to their attention and they refused to do anything about it, I escalated to the branch manager and was told I shouldn't have applied for a new loan, I knew the consequences. I asked for a regional director contact and left numerous messages with no call backs. I basically made 6 payments of interest only.

I will never deal with the company again and let everyone know that I can about the predatory practices of this company. I paid off my loan, scraped it up by any means to get out of that hell hole.

I do not recommend this company with any ounce of my being but I understand binds that people get in to and if you choose to move forward with them here are my suggestions:

-          Reduce the months on the loan if possible

-          Make overpayments regularly, just factor it in when you are calculating the interest, there are plenty of amortization calculators on the web

-          NEVER miss a payment!!!!

-          NEVER EVER take a deferment, it is the same as missing a payment, the interest compounds!!!

-          Never re-write the loan for a new amount!!!

-          Pay it off as soon as you are able, this is not a long term instrument, it is a short term emergency, I have nowhere else to go type of loan

 I am amazed that Credit Karma uses companies that charge such sky-high interest rates. I am doing far better on my own that I would be were I to get a personal consolidation loan through any of the CK approved companies.  To those of you paying down your debt, just keep plugging away at it. You're better off on your own. Slow but steady. Hang in there. LJ

BEWARE!! Do not do business with them...I recieved a loan from their Deerfield Beach/Fort Lauderdale office...They are Modern Day Loan Sharks!!!  Tim the manager and his team are completely incompetent! Do Not Do Business with Them!! They will take you for all you are worth!!!

I contacted this company to get a loan. I got approved for $7100. I was going to payoff all debt. My car is almost paid off, my credit cards are almost paid off. This company was going to "payoff" all my debt, the payment was going to be $300 for 60 months. At the end of the loan I was going to pay $15000, that is paying my car 3 times and credit cards like 20 times. I told them I didn't wanted to get the loan, because it was abusive and advantageous. I later got a letter denying my loan because of my credit. I wrote them a letter telling them off. This is the worse company ever, well Westlake Financial too.