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Jaylan Boyle

United States

Review of OneMain Financial

Verified Mar 16, 2022
United States

"Do not get a loan from One Main Financial!!!!!"

Do not, I repeat do not get a loan from this company. I was wondering why my loan amount was not going down till I looked at my receipt. on a loan of $8475, I make a payment of $247.84 and the receipt shows $2.14 went to principle and $245.70 went to interest. This should be against the law. I think I need to get an attorney. SMH

Date of experience: Mar 16, 2022

Reply from OneMain Financial Mar 17, 2022

Hi Jaylan. All standard installment loans follow a structure that applies initial payments to the interest, while final payments are applied to the principal. So long as all payments are made in full and on time; this will completely pay off your loan in the agreed terms. Please feel free to reach out to your loan specialist to review your account. Thanks.