This was a very easy process! I went into an office yesterday and applied. I was also prepared by calling ahead to see what documentation they needed. I wasn't there 30 minutes. The check was deposited in my account this morning. They used my Experian 556 which is my lowest but still glad I was approved for 5k with my credit.
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Got this loan to consolidate debt for what I THOUGHT was a lower interest rate... Don't be fooled! Their interest compounds DAILY!
To make matters worse they would only give me the loan if I secured it with my car. Like an idiot I added them as lien holder to my vehicle and they gave me a loan for more than my car is worth... Which I didn't know at the time, so now I'm stuck with the loan and a car I'm trying to get rid of now due to mechanical issues, so now my car is upside-down financially. I would have been better off with the high interest on my previous loan and credit cards. With the loan from Springleaf about 55% of my payments go to interest.
Somehow, 6 months later, and even though I've NEVER missed a payment I now owe more than what the loan was when I originally got it. I was late 2 weeks on a payment one month due to my hours unexpectedly being cut at my job, and when I finally made my payment literally 95% of my payment went towards interest. Now I realize the only way I can pay this loan down is to pay twice a month, which is DOUBLE the payment.
I tried to refinance the loan, as the always offer you, but they do not have a customer service department. You have to call the branch where you originated your loan and hope to speak to someone. Majority of the time they don't answer, and most of their incompetent staff claim they're unable to help you. They tell you that you need to speak to a manager, but she/he is always busy because there are only 3-4 people in each office.
DO NOT DO BUISNESS WITH SPRINGLEAF... NOW OWNED BY ONEMAIN FINANCIAL.
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