One Main Branch Locator (2024)

FAQs

Does OneMain do a hard inquiry? ›

OneMain will ask you to provide information, including your … If you decide to move forward and apply officially, you'll need to fill out the online application and agree to a hard credit inquiry. If you receive loan approval, you'll talk with a loan specialist to show proof of income and verify your information.

OneMain reports account information to the Credit Reporting Agencies after each month end. For instance, in September, we report the account status as of August 31st. OneMain account updates are typically posted to customers' credit reports by the Credit Reporting Agencies around the 10th-15th of each month.

If you choose a OneMain loan, you can pay off your personal loan early without penalties at any time. To pay off your loan early, you can: Make a one-time payment for the total outstanding balance. Pay an extra amount each time you make your regularly scheduled monthly payment.

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No minimum credit score for approval.

Most personal loan lenders require credit scores above 660 to apply, but OneMain doesn't have a minimum.

OneMain Financial 's borrowing requirements

Minimum credit score: None; the lender doesn't have a minimum credit score, but it says an applicant should have some credit history. Minimum income: None; OneMain requires borrowers to have enough income to support their own expenses, plus the new loan's monthly payment.

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.

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.

Yes, OneMain Financial may call your employer after you provide their contact information and give permission for the call during the application process.

If you stop paying OneMain Financial personal loan, you might be charged late fees and your credit score will drop. Other consequences of not repaying a personal loan from OneMain Financial include going into default, being hounded by debt collectors and possibly being sued.

Is OneMain a predatory lender? ›

Despite its high average rates, a loan with OneMain Financial can be a good option for borrowers who want to avoid predatory lenders. Read more about how we rated OneMain Financial. OneMain Financial is a lender that offers personal loans ranging from 18.00% to 35.99% at fixed rates.

If you've been served with a lawsuit from OneMain Financial, it is extremely important you do not default or ignore the summons. The collector can have wages garnished, bank accounts levied, and liens filed against your car or home.

OneMain in its present form is the result of Springleaf Financial's acquisition of OneMain Financial (formerly CitiFinancial) from Citigroup in November 2015, with OneMain becoming the surviving brand.

To qualify for a OneMain Financial personal loan, you need to be at least 18 years old, have a credit score of 600 – 650 and have enough income to make the monthly payments, among other requirements. Even if you meet all the requirements, you still may not get approved.

The OneMain Financial loan timeline includes around 1 business day to get approved for a OneMain Financial loan and another as soon as the same day to receive the funds after approval. Keep in mind that this is a typical applicant's experience, and in some cases it could take longer.

What is the process? By consenting to a soft credit pull (this won't affect your credit) we may send you one or more prequalified loan offers - these are not guaranteed offers.

A hard credit inquiry could lower your credit score by as much as 10 points, though in many cases, the damage probably won't be that significant. As FICO explains, “For most people, one additional credit inquiry will take less than five points off their FICO Scores.”