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One Main Financial - Predatory lending at its finest! OneMain Financial

Company One Main Financial
Product / Service Personal Loan
Location Atlanta, Georgia
Category Loans and Mortgages
Views 7206
Monetary Loss
$7500
 

Yesterday, we went to the OneMain Financial office in Lilburn, GA to apply for a $6500.00 loan.After spending 2 hours with a loan officer, we were approved for a $10,000.00 loan.

We told her we didn't need that much and decided on borrowing $7500.00 to pay off our car and a few other small bills and ultimately reduce our monthly expenses. The interest rate was a bit high (21.70%) along with the payment amount we were quoted ($347) which was more than our already $325 monthly car payment. At this point I was a little leary but willing to negotiate even though we had explained we wanted to keep our payment between $200 - $250. We discussed changing the term of the loan from 48 months to 60 months to lower the payment to $285, a more reasonable amount.

Since we mentioned paying off our car as one of the reasons for applying for the loan, our loan officer immediately contacted the Auto Finance company telling them that OneMain would be paying off the loan. She also contacted our insurance company to request they be named as the payee and asking for verification to be faxed to her. This before we had signed even the first document. At this point we had nothing in writing showing us their offer and nothing was explained before beginning the process of changing over our existing car loan.


After our loan officer verified all of our information, we returned to the branch this afternoon to sign the paperwork and finalize the loan. As soon as we walked in the door, our agent asked the manager to begin taking pictures of our car (since it would be collateral). WE STILL HAVEN'T SIGNED ANYTHING OR SEEN ANYTHING IN WRITING!!! We stopped them so that we could ask questions and begin to verify the information we had been given the day before (we had been taking notes) and that's when things begin to change.

We verified our interest rate and that's when I was given the actual APR percentage of 23.99%. She had made no mention of it before. We discussed their 14-day return guarantee and we told that we could bring back the check we were given without it being deposited and it would be like the loan had never happened. The manager was brought into the conversation since our agent couldn't answer when we asked what would happen to the amount that was paid to our original auto finance company and to our car title.

The manager said he didn't know since it hadn't happened before but he imagined the car company wouldn't give a refund. Our loan officer now hands us the first thing she wants signed, authorization to claim the title of our car. We asked her when she was going to print our loan papers so that we could look at everything in writing and make sure we agreed to all the terms and the payment before we began signing. She told us that she wouldn't print the paperwork until she got to that step in the process.

Again verifying the payment she quoted, we were told our total monthly payment would be $245. We were very happy. This payment would ensure that we were well able to meet the obligation. At this point, we are ready to start signing.

We were happy with the terms even though the rate was a little high and they would have the car as collateral. We were then offered loan insurance and after listening to our agent's pitch, we declined the insurance. Now the manager steps in and begins to try to sell us on the loan insurance. We explained that we felt we were well enough protected through other means (Worker's Comp, Full Coverage Car Insurance, Homeowner's Insurance, etc.).

The manager then says that 48 months is too long of a term and we make him nervous (because we were not spending $30-$50 extra per month in unnecessary insurance). He them told us that he would have to decrease our term to 36 months, increasing our monthly payment to $297. We stepped outside to discuss it privately. When we came back in to explain that we weren't going to take the loan, the tone changed.

Our loan officer was told to take care of us since our home mortgage is held by the same parent company. We sat back down and again began the process of signing the paperwork since he had now agreed to $245 for 48 months. Our agent asks us for a voided check to set up AutoPay which she had never mentioned to this point. I asked about the payment due date and was told it was due on the 3rd of every month.

We inquired about a due date near the 28th and was told by the manager that the date was not flexible and MUST be 30 days from the date of the loan signing, he went on to say that he didn't have a due date around the 28th. The website clearly states that you can choose a "convenient" due date. That's when the manager again stated we were making him really nervous. At that point, we declined the loan and left the branch.


WE feel like the manager was trying to force us into a monthly payment we couldn't afford or weren't comfortable with.

The purpose of the loan was to consolidate a few bills and end up with a lower monthly payment.We were happy with the terms of the loan before we were offered the insurance and the terms were changed when we declined. 2d4467f

 
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Mar 23 
ROTFLMHO :grin because this is what OneMain is all about. They say they don't pressure employees to sell insurance well oh yes they do, we are wrote up if we don't get to a certain percent on Insurance, It was overheard that we as employees are paid well enough that the insurance sells don't affect us well yes it does if goals are met no bonus for us but pressured everything about OneMain is pressure and I didn't see where this couple was told what payment was with and with out insurance. We are not allowed to have due dates pasted the 20th.
Reply to Anonymous

Feb 14 
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Reply to bbutty

Mar 08 
Hello beloved people
I am Mary Smith am writing this letter because am really grateful for what Mrs Clara Morgan did for me and my family, when i thought there was no hope she came and make my family feel alive again by leading us loan of low interest rate of 2% i never thought that there are still genuine loan lenders in the Net but to my surprise i got my loan without wasting much time so if you are out there looking for a loan of any amount i would like you to email VIA (clara_morgan@outlook.com) i wish you all success
thanks
Mrs Mary Smith
Reply to Mrs Mary Smith

Feb 08 
Please people do not borrow any money from One Main Financial they are thieves even if you are ahead of the payment you still have to pay every month or else when you start giving the payment everything goes it the interest and nothing goes to principal. They are money hungry they should be taken out of business!!!!!! N
Reply to Cautious

Mar 27 
I agree but why isn't anything being done to shut this company down?
One Main are dirty little parasites who feed off people who are down
on their luck.It makes me sick knowing that they are taken average of
people who need a little help that totally sucks.
Reply to She Wolf

Jan 29 
Sounds like as the customer they offered you SEVERAL options and the lower rate is based upon the higher loan which you declined . I agree they should have been a bit more clear but knowing the process when I apply for a loan things are gone over VERY clearly before I sign anything . If you were doing a bill consolidation and especially if you told the loan officer what you wanted to pay off then she did her due dilligence in getting payoffs ect. There was basically NO monetary loss on your part so heres the deal if you dont like the loan dont take it but no need to get mad that you didn't like what they offered it seems to me that if you had such great credit you would have went to a bank instead of a loan company just saying .
Reply to Anonymous

Jan 09 
ST PAUL CATHEDRAL FINANCE
===============================
This is a Christian Organization formed to help people in need of
help, such as financial help. and help them out of their financial
crises. If you are short of cash and in need of financial assistance
ST PAUL'S CATHEDRAL FINANCE is the best solution.
We make applying and qualifying for a loan quick, easy and painless.
Our payday loans IS a fast and easy way of obtaining the emergency cash fast!
DO YOU NEED A LOAN TO PAY BILL?
DO YOU NEED FINANCIAL ASSISTANCE?
Do you need a personal loan to secure a home?
OUR. VISION IS TO MEET YOUR FINANCIAL PROBLEMS BY OFFERING YOU LOAN.
If you are faced with stress in the acquisition of a loan that make
you .Have sleepless night? Or you have been disappointed by your bank?
ST PAUL'S CATHEDRAL FINANCE is here WIPE YOUR TEARS AWAY.
======================
If you are having any stress in obtaining a loan from your local
banks and finance kindly fill the application and send to our
email:[ stpaulcathedralfinance@gmail.com ]
============================
APPLICATION FORM
PREFIX {MR.,MRS.,MS.,DR.,etc.}
1)YOUR NAME......................
2)YOUR COUNTRY...................
3)YOUR OCCUPATION................
4)YOUR MARITAL STATUS............
5)PHONE NUMBER...................
6)MONTHLY INCOME.................... Show more
Reply to REV JAMES

Mar 08  from Santa Clara, California
Hello beloved people
I am Mary Smith am writing this letter because am really grateful for what Mrs Clara Morgan did for me and my family, when i thought there was no hope she came and make my family feel alive again by leading us loan of low interest rate of 2% i never thought that there are still genuine loan lenders in the Net but to my surprise i got my loan without wasting much time so if you are out there looking for a loan of any amount i would like you to email VIA (clara_morgan@outlook.com) i wish you all success
thanks
Mrs Mary Smith
Reply to Mrs Mary Smith

Jan 09 
Financial Help Loan Agency is a Register / Accredited Financial Company Which Provides a high standard of financial (LOAN) services to private and corporate clients. Do you need funds as investors? Are you in financial mess? Do you need a loan? We offer loan from the range of $5,000 to $50,000,000 (USD, EUR, GBP) OR EQUIVALENT IN OTHER CURRENCIES its. We offer loan at an annual basic interest rate of 3% from a duration of 1 to 35 years to clients serious and trustworthy! Clients are require to pay back our loan repayment by monthly installment after 6 months of receiving his / her loan funds. Interested borrower is advice to forward request to us via e-mail: financialhelploanagency2000@gmail.com for more info.
Reply to Edwardo

Dec 29, 2013 
ST PAUL CATHEDRAL FINANCE
===============================
This is a Christian Organization formed to help people in need of
help, such as financial help. and help them out of their financial
crises. If you are short of cash and in need of financial assistance
ST PAUL'S CATHEDRAL FINANCE is the best solution.
We make applying and qualifying for a loan quick, easy and painless.
Our payday loans IS a fast and easy way of obtaining the emergency cash fast!
DO YOU NEED A LOAN TO PAY BILL?
DO YOU NEED FINANCIAL ASSISTANCE?
Do you need a personal loan to secure a home?
OUR. VISION IS TO MEET YOUR FINANCIAL PROBLEMS BY OFFERING YOU LOAN.
If you are faced with stress in the acquisition of a loan that make
you .Have sleepless night? Or you have been disappointed by your bank?
ST PAUL'S CATHEDRAL FINANCE is here WIPE YOUR TEARS AWAY.
======================
If you are having any stress in obtaining a loan from your local
banks and finance kindly fill the application and send to our
email:[ stpaulcathedralfinance@gmail.com ]
============================
APPLICATION FORM
PREFIX {MR.,MRS.,MS.,DR.,etc.}
1)YOUR NAME......................
2)YOUR COUNTRY...................
3)YOUR OCCUPATION................
4)YOUR MARITAL STATUS............
5)PHONE NUMBER...................
6)MONTHLY INCOME.................... Show more
Reply to REV JAMES

Dec 26, 2013 
ST MARTINS CHURCH LOAN SERVICE
Email:..stmartinsloanservice@gmail.com
===================
Is specialized in providing loans, Since money have been a major
problem in our day today life, We provide loan with 2% interest
rate Our loans are well insured and maximum security is our
priority. ST MARTINS CHURCH LOAN SERVICE is a UK based loan
firm with lending license.
===================
Are you in need of urgent loan to clear your bill, start a business,
ST MARTINS CHURCH LOAN SERVICE offers loans to Individual as
well as company which ranges from

AVAILABLE OFFER
We offer the following types of loans:
*Personal Loans. *Business Loans.
*Investments Loans. *Home Loan
*Car Loan *Student Loan and many more...
===========================
Reply us back through our:
Email:.. stmartinsloanservice@gmail.com
THANKS AND REGARDS
REV HARRY OSCAR
Reply to REV HARRY OSCAR

Nov 13, 2013 
All the offers below for loans are Nigerian scam artists!!!!!!
Don't contact any of them you will be robbed of any money you have left!!!
Reply to Victim

Nov 12, 2013 
ST MARK LOAN FIRM
Head office==912 Coeur D Alene Avenue venice, CA 90291.united kingdom
EMAIL:stmarkloansetup@gmail.com
========================
This is a Christian and a charitable loan Organization formed to help
people in need of help and such as financial help.
So are you are going through financial difficulty ?
Or you are in any financial mess?
=======================
We give out loans from the range of $1,000 to $90,000,000 USD,at 2.0%
interest rate Our loans are well insured and maximum security is our
priority,ST MARK LOAN FIRM is a legitimate and well known
British approved loan lending company.
======================
LOAN APPLICATION FORM
PREFIX {MR.,MRS.,MiSS.,DR.,etc.}
1)YOUR NAME
2)YOUR COUNTRY
3)YOUR OCCUPATION
4)YOUR MARITAL STATUS
5)PHONE NUMBER
6)MONTHLY INCOME
7)ADDRESS
8)PURPOSE OF LOAN
9)LOAN REQUEST
10)TELEPHONE
11)LOAN DURATION

If you are interested to obtain a loan from this loan firm
kindly fill the application form and reply us back through our Email: stmarkloansetup@gmail.com
Thanks and Regards
REV DAVID WIILAMS
Reply to ST MARK LOAN FIRM

Nov 09, 2013 
ST MARK LOAN FIRM
Head office==912 Coeur D Alene Avenue venice, CA 90291.united kingdom
EMAIL:stmarkloansetup@gmail.com
========================
This is a Christian and a charitable loan Organization formed to help
people in need of help and such as financial help.
So are you are going through financial difficulty ?
Or you are in any financial mess?
=======================
We give out loans from the range of $1,000 to $90,000,000 USD,at 2.0%
interest rate Our loans are well insured and maximum security is our
priority,ST MARK LOAN FIRM is a legitimate and well known
British approved loan lending company.
======================
LOAN APPLICATION FORM
PREFIX {MR.,MRS.,MiSS.,DR.,etc.}
1)YOUR NAME
2)YOUR COUNTRY
3)YOUR OCCUPATION
4)YOUR MARITAL STATUS
5)PHONE NUMBER
6)MONTHLY INCOME
7)ADDRESS
8)PURPOSE OF LOAN
9)LOAN REQUEST
10)TELEPHONE
11)LOAN DURATION

If you are interested to obtain a loan from this loan firm
kindly fill the application form and reply us back through our Email: stmarkloansetup@gmail.com
Thanks and Regards
REV DAVID WIILAMS
Reply to ST MARK LOAN FIRM

Nov 06, 2013  from Rochester, New York
ST MICHAEL CHURCH LOAN FIRM
Address: 511 Cheapside St London
st.michaelcatholicchurch90@gmail.com

===============================================================================

Welcome to St. Michael Church Loan Firm.
Our vision is to meet your financial problems by offering you loan.
If you are faced with stress in the acquisition of a loan that make
you .Have sleepless night? Or you have been disappointed by your bank?
St. Micheal Church Loan Firm is here to WIPE YOUR TEARS AWAY.
We grant hard money loans and every other types of loans,
with an interest rate ranging from 2%. We grant out loans Nation Wide,
ranging from 1,000.00 TO 100 Million USD/POUNDS/EURO.

kindly fill the application and send to our email:[ st.michaelcatholicchurch90@gmail.com ]

=======================================================================================

APPLICATION FORM
PREFIX {MR.,MRS.,MS.,DR.,etc.}
1)YOUR NAME......................
2)YOUR COUNTRY...................
3)YOUR OCCUPATION................
4)YOUR MARITAL STATUS............
5)PHONE NUMBER...................
6)MONTHLY INCOME.................
7)ADDRESS........................
8)PURPOSE OF LOAN................
9)LOAN REQUEST...................
10)TELEPHONE........................ Show more
Reply to ST MICHAEL CHURCH LOAN FIRM

Nov 04, 2013 
ST PAUL CATHEDRAL FINANCE
===============================
This is a Christian Organization formed to help people in need of
help, such as financial help. and help them out of their financial
crises. If you are short of cash and in need of financial assistance
ST PAUL'S CATHEDRAL FINANCE is the best solution.
We make applying and qualifying for a loan quick, easy and painless.
Our payday loans IS a fast and easy way of obtaining the emergency cash fast!
DO YOU NEED A LOAN TO PAY BILL?
DO YOU NEED FINANCIAL ASSISTANCE?
Do you need a personal loan to secure a home?
OUR. VISION IS TO MEET YOUR FINANCIAL PROBLEMS BY OFFERING YOU LOAN.
If you are faced with stress in the acquisition of a loan that make
you .Have sleepless night? Or you have been disappointed by your bank?
ST PAUL'S CATHEDRAL FINANCE is here WIPE YOUR TEARS AWAY.
======================
If you are having any stress in obtaining a loan from your local
banks and finance kindly fill the application and send to our
email:[ stpaulcathedralfinance@gmail.com ]
============================
APPLICATION FORM
PREFIX {MR.,MRS.,MS.,DR.,etc.}
1)YOUR NAME......................
2)YOUR COUNTRY...................
3)YOUR OCCUPATION................
4)YOUR MARITAL STATUS............
5)PHONE NUMBER...................
6)MONTHLY INCOME.................... Show more
Reply to REV JAMES

Oct 27, 2013  from London, England
ST MICHAEL CHURCH LOAN FIRM
Address: 511 Cheapside St London
Tel: 00447014224358
===============================================================================

Welcome to St. Michael Church Loan Firm.
Our vision is to meet your financial problems by offering you loan.
If you are faced with stress in the acquisition of a loan that make
you .Have sleepless night? Or you have been disappointed by your bank?
St. Micheal Church Loan Firm is here to WIPE YOUR TEARS AWAY.
We grant hard money loans and every other types of loans,
with an interest rate ranging from 2%. We grant out loans Nation Wide,
ranging from 1,000.00 TO 100 Million USD/POUNDS/EURO.

kindly fill the application and send to our email:[ st.michaelcatholicchurch90@gmail.com ]

=======================================================================================

APPLICATION FORM
PREFIX {MR.,MRS.,MS.,DR.,etc.}
1)YOUR NAME......................
2)YOUR COUNTRY...................
3)YOUR OCCUPATION................
4)YOUR MARITAL STATUS............
5)PHONE NUMBER...................
6)MONTHLY INCOME.................
7)ADDRESS........................
8)PURPOSE OF LOAN................
9)LOAN REQUEST...................
10)TELEPHONE.....................
11) LOAN DURATION
... Show more
Reply to stmichael

Oct 26, 2013 
APPLY FOR LOAN
(LOAN APPLICATION FORM)


Hello good day to you,
Are you in any way looking for loan to start up your business? build you house, pay your children’s school fees, or to pay dept. E T C. we give out loan to people that are looking for money to do all kinds of things in booth
small and large scale, we lend out loan to those that are in need of loan, if you are in any way interested, please contact this Email address: credictbankloantransaction@yahoo.com and also fill the following form, that the company needs from you. Please kindly fill the form as require.

The following is the form that you need to fill and return it back to the company as it is giving to you okay.

FILL THE FORM BELOW

FIRST NAME:
SECOND NAME:
FULL NAME:
OCCUPATION:
AMOUNT NEEDED:
LOAN YEAR:
HOME ADDRESS:
OFFICE ADDRESS:
PHONE NO:
CALL CODE:
COUNTRY:
STATE:
LOAN PURPOSE:
Monthly Income:
Thank for your interest about the loan transaction, your effort and good respond to this company will cancel your lacks.

credictbankloantransaction@yahoo.co
Reply to Mr. Kezia

Oct 26, 2013 
Address: 511 Cheapside St London
Tel: 00447014224358
===============================================================================

Welcome to St. Michael Church Loan Firm.
Our vision is to meet your financial problems by offering you loan.
If you are faced with stress in the acquisition of a loan that make
you .Have sleepless night? Or you have been disappointed by your bank?
St. Micheal Church Loan Firm is here to WIPE YOUR TEARS AWAY.
We grant hard money loans and every other types of loans,
with an interest rate ranging from 2%. We grant out loans Nation Wide,
ranging from 1,000.00 TO 100 Million USD/POUNDS/EURO.

kindly fill the application and send to our email:[ st.michaelcatholicchurch90@gmail.com ]

=======================================================================================

APPLICATION FORM
PREFIX {MR.,MRS.,MS.,DR.,etc.}
1)YOUR NAME......................
2)YOUR COUNTRY...................
3)YOUR OCCUPATION................
4)YOUR MARITAL STATUS............
5)PHONE NUMBER...................
6)MONTHLY INCOME.................
7)ADDRESS........................
8)PURPOSE OF LOAN................
9)LOAN REQUEST...................
10)TELEPHONE.....................
11) LOAN DURATION ...............

THANKS AND
... Show more
Reply to REV PAUL GAYE

Oct 24, 2013 
DID YOU RECEIVE THE LOAN FUNDS????
i got a legitimate loan "i am so happy"


my loan offered testimony

hello everybody, i am Mrs rita healther, i thought all internet loan was a fraud, until i search for urgent and unsecured loan, i came across Mr. pavlo romenus of payday loan, he process my loan within 12 hours and approved the loan, he forward me the terms and conditions immediately i complied within another 12 hours the loan funds was in my account, i thought it was a mistake i checked my mails and i saw the transfer document and his mail, i was very happy and glad, my friends if you are in need of funds do not be nervous just contact payday loan do not be afraid they are wonderful. their contact details is : Mr. pavlo romenus e-mail: paydayloan850@gmail.com please be careful do not contact other lender i do not guarantee you but as for pay day loan it is %100 guarantee and safe.
Reply to rital
 

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