One Main Financial Po Box 3910 Carmel In (2024)

FAQs

Is there a lawsuit against OneMain Financial? ›

One Main Financial class action lawsuit

OneMain Financial has violated the Telephone Consumer Protection Act (TCPA) on multiple occasions, and there have been several class action lawsuits filed against the company.

Payments can also be sent via mail to OneMain PO BOX 845073, Dallas, TX 75284-5073 or made by calling OneMain at (877) 218-4029.

To cancel your loan, please contact the branch listed on your loan agreement or call (800) 961-5577. If you purchased a vehicle or other item with your loan, OneMain does not require the seller to cancel the sale or release the funds back to you.

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. You will also have to meet other common requirements like being at least 18 years old, having an SSN, and having enough income to afford monthly loan payments.

More serious consequences could include collateral being repossessed, the debt being charged off or the lender suing to enforce the debt. Depending on your lender, you may be able to avoid more serious consequences if you make the payment within 30 days or communicate with your lender to find a solution.

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.

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.

Relatively high interest rates

Compared to other personal loan lenders, OneMain's rates are relatively high. OneMain also charges an origination fee, which, depending where you live, may be a flat amount or a percentage of your loan amount.

Complaints to OneMain may be made to Executive Office of Customer Care, P.O. Box 1170, Evansville, IN 47706-1170 or by calling 1(888) 864-0332.

And while having a credit score below 670 most often disqualifies you for the majority of personal loan lenders, OneMain Financial has no minimum credit score requirement for applicants, and even has a secured loan option (with collateral) to make borrowing more accessible.

What is the maximum you can borrow from OneMain Financial? ›

OneMain Financial offers loans between $1,500 and $20,000, while LightStream offers loans between $5,000 and $100,000. OneMain Financial has looser eligibility requirements and accepts lower credit scores, but it has higher interest rates and fees.

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

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.

In May 31,2023, the Consumer Financial Protection Bureau ordered OneMain Financial to pay $20 million for deceiving and misleading some 25,000 consumers. The company was accused of pushing unnecessary add-on products on its loans, as well as not honoring its refund policy.