One Main Branch Locator (2024)

FAQs

Is it hard to get approved with OneMain Financial? ›

Is it difficult to get an OneMain Financial personal loan? It is not difficult to get a personal loan from OneMain Financial because you need a credit score of 600 or higher to qualify, according to third-party sources.

Does OneMain Financial Hurt Your Credit? Like any loan application, OneMain Financial will do a hard pull of your credit history as part of your official application, which may temporarily hurt your credit.

It takes approximately 1-2 business days after approval to get money from a OneMain Financial personal loan if you choose to receive the funds via a deposit into your checking or savings account. If you have a debit card, you can choose SpeedFund and you can receive the money on the same day you get approved.

If you take out a loan or credit card with OneMain Financial and cannot repay the money, OneMain may take legal action to try to recover the debt. After a certain period, the company may file a collection lawsuit with the court. If OneMain Financial files a lawsuit against you, it wants to get a judgment against you.

Credit history: There's no minimum credit score requirement, but applicants should have a credit history. Income: Borrowers must have enough to cover their expenses and monthly loan payments. Expenses: Your regular expenses will be considered when your application is reviewed.

Even if you don't have stellar credit, you can apply for a OneMain Financial personal loan. But if you're an active-duty military member or a spouse or dependent of one, you won't be eligible for a secured loan because of the Military Lending Act, which doesn't allow vehicles to be used as collateral.

OneMain Financial may verify income by requesting financial information like bank statements, pay stubs or tax returns.

OneMain makes personal and auto loans from $1,500 - $20,000. Not all applicants will qualify for larger loan amounts or most favorable loan terms. Larger loan amounts require a first lien on a motor vehicle no more than ten years old, that meets our value requirements, titled in your name with valid insurance.

OneMain doesn't charge any prepayment penalties, so if you want to pay off your loan early, you can. You won't be penalized with a fee as you would with some lenders.

Upon approval, we'll discuss your options and verify things like identity, income, expenses and any needed collateral on the phone, online or at a branch.

Does OneMain Financial call your employer? ›

Yes, OneMain Financial may call your employer after you provide their contact information and give permission for the call during the application process. OneMain Financial will not disclose any information when they contact your employer, since they are just inquiring about your employment status.

We require a first lien on the eligible vehicle which must be titled in your name, have valid insurance, and meet our valuation, also known as “loan-to-value,” requirements. Typical collateral: cars, trucks, and motorcycles, but we can consider other titled vehicles like boats, RVs, and trailers.

Will OneMain Financial Repo My Car? If you have an auto loan with One Main, then your car is listed as collateral for the loan. So if you don't repay your loan on time, they can take possession of your car. In most instances, One Main Financial will not repo your car until you are a few months behind on the payments.

The Bureau found that OneMain engaged in deceptive acts or practices in violation of the Consumer Financial Protection Act of 2010 (CFPA) by misleading consumers into believing they must purchase add-on products to receive loans and that they could cancel the add-on products within a prescribed time period without cost ...

WASHINGTON, D.C. – The Consumer Financial Protection Bureau (CFPB) has ordered installment lender OneMain Financial to pay $20 million in redress and penalties for failing to refund interest charged to 25,000 customers who cancelled purchases within a purported “full refund period,” and for deceiving borrowers about ...

Your OneMain Financial approval odds are good if you have a low debt-to-income ratio and meet OneMain Financial's requirements to get a loan. Some requirements include being at least 18 years old and having enough income to make monthly payments.

Minimum income: None; OneMain requires borrowers to have enough income to support their own expenses, plus the new loan's monthly payment. This lender accepts income from employment, a partner, alimony, retirement, child support and Social Security payments.

We require a first lien on the eligible vehicle which must be titled in your name, have valid insurance, and meet our valuation, also known as “loan-to-value,” requirements. Typical collateral: cars, trucks, and motorcycles, but we can consider other titled vehicles like boats, RVs, and trailers.