Springleaf Refinance Loans: What You Need To Know

Springleaf Financial, a company that has been in the business of offering personal loans since 1920, offers refinancing options for its customers. The company, which changed its name to OneMain Financial in October 2016, provides loans ranging from $1,500 to $30,000, with loan terms spanning 24, 36, 48, or 60 months. Springleaf's refinancing options include home equity loans and home equity lines of credit (HELOC). The company's interest rates are higher than many other loan companies, ranging from 16.05% to 45% APR, and are determined based on an individual's credit score.

Springleaf is now OneMain Financial

Springleaf Financial, a company that has been in the business of offering personal loans since 1920, bought its competitor, OneMain Financial, in 2015. With the merger, Springleaf's name was changed to OneMain Financial as part of the rebranding process. The new entity has more than 1,600 locations in 44 states.

OneMain Financial offers personal loans ranging from \$1,500 to \$30,000, with loan terms of 24, 36, 48, or 60 months. The annual percentage rates for these loans range from 16.05% to 35.99%, which is higher than many other loan companies. This is due to their willingness to lend to people with poor credit histories. To get a loan from OneMain Financial, you must fill out an online application, and if approved, visit one of their branch offices to complete the application process.

Before the merger, Springleaf was a significant player in the sub-prime consumer lending market. It funded its balance sheet through both securitizations of loans and the unsecured debt market. Springleaf was also a beneficiary of the junk credit market, as it had to finance its balance sheet through means other than customer deposits. Through debt refinancing, Springleaf pushed out the majority of its maturities past 2017.

While some customers have praised Springleaf for its customer-focused approach, fast service, and willingness to lend to those with low credit scores, others have complained about its incompetence in handling accounts and fraudulent behaviours.

Personal loans range from $1,500 to $30,000

Springleaf Financial, which has been in business under different names since 1920, offers personal loans ranging from $1,500 to $30,000. In 2015, Springleaf bought its competitor, OneMain Financial, and changed its name to OneMain as part of the rebranding process. The company now has over 1,600 locations in 44 states.

To get a loan from OneMain, you must fill out an online application with basic information about yourself and your circumstances. If approved, you will need to visit a branch office to complete the application process. OneMain's interest rates are higher than many other loan companies, partly because they cater to customers with poor credit history. Annual percentage rates range from 16.05% to 35.99%, with an average interest rate of just over 24% in 2012.

OneMain offers loan terms of 24, 36, 48, or 60 months, with no prepayment penalties. The amount of the loan depends on the purpose of the loan, with loans over $7,500 requiring collateral, such as a vehicle's title. When assessing loan applications, OneMain considers the applicant's total financial outlook, rather than just their credit report, to determine whether they will be able to make the monthly payments.

Reviews of Springleaf/OneMain Financial are mixed. While some customers praise the company for its customer-focused approach, friendly staff, and willingness to lend to those with poor credit history, others complain of incompetence and fraudulent behaviour.

Loan terms range from 24 to 60 months

Springleaf Financial, which has been in business since 1920, offers loan terms ranging from 24 to 60 months. The loan amount a person can get ranges from $1,500 to $30,000, which is enough for many common uses for personal loans, such as home improvement, medical expenses, paying off credit cards, debt consolidation, and even going on vacation. Springleaf loans are also available to consolidate debt, make home improvements, pay for college expenses, or to cover emergency expenses.

Springleaf Financial, now called OneMain Financial, does not have specific credit score requirements that would disqualify someone from obtaining a loan. However, they will use your credit score to determine the APR your loan will carry, which means those with lower credit scores will end up paying more in interest than people with better credit scores. Annual percentage rates range from 16.05% to 35.99%, with an average interest rate in 2012 of just over 24%. These are high rates, but far better than payday loans.

Customers can begin the application process online or visit a branch office. Online applications must be finalized in person at a branch location. Springleaf Financial has more than 1,600 locations in 44 states. The six states without a branch are Alaska, Arkansas, Connecticut, Massachusetts, Rhode Island, and Vermont.

Reviews of Springleaf Financial are mixed. One reviewer on Trustpilot reported a negative experience, characterizing their loan as "nothing but a disaster" due to issues with online services and payment processing. However, another reviewer on the same site described Springleaf as "customer-focused," praising the company for its great rates, fast service, and transparency.

Interest rates can be as high as 45% APR

Springleaf Financial, which has been in business under different names since 1920, offers unsecured loans and vehicle title loans in 30 states. The loan amount a person can get ranges from $1,000 to $30,000, with loans over $7,500 requiring collateral as security, such as a vehicle's title. The interest rates can be as high as 45% APR, with an average interest rate in 2012 of just over 24%. These rates are high, but they are far better than payday loans.

Springleaf, now known as OneMain Financial, does not have specific credit score requirements that would disqualify someone from obtaining a loan. Instead, they will examine a borrower's total financial outlook to determine whether they will be able to make the monthly payments. While they will not rely solely on a credit report to assess the overall risk, they will use the credit score to determine the APR the loan will carry. This means that those with lower credit scores will end up paying more in interest than people with better credit scores.

The interest rates offered by OneMain are higher than many other loan companies, partially because of their willingness to take on people with a poorer credit history. Annual percentage rates range from 16.05% to 35.99%. Springleaf loan terms span 24, 36, 48, or 60 months, and there are no prepayment penalties associated with their personal loans.

Reviews of Springleaf are mixed. While one reviewer praised the company for its customer-focused approach, fast service, and transparency, another described their experience as a "disaster", citing issues with online services and fraudulent behaviours.

Springleaf has a 4-star rating on Trustpilot

Springleaf, now known as OneMain Financial, has a 4.1 out of 5-star rating on Trustpilot, the review website. The company has been reviewed by over 1000 customers, with an average rating of 4.1 stars.

Springleaf Financial Services provides loans and other credit-related products to more than half a million families across 42 states. The company offers a range of loans, including personal loans, auto loans, bill consolidation loans, home improvement loans, and loans for unexpected expenses and vacations.

The reviews on Trustpilot are mostly positive, with many customers praising the company's friendly and professional staff, as well as the fast and efficient service they received. Several reviewers mentioned feeling safe and secure when sharing their financial information with Springleaf, and some even recommended the company to others. One reviewer commented that Springleaf was "very customer-focused" and that they were happy with the rates they received, especially considering their low credit score.

However, there are also a few negative reviews, with some customers complaining about issues with online services and overpayments. One reviewer even accused Springleaf of fraudulent behavior. It is important to note that anyone can write a review on Trustpilot, and companies can ask for reviews via automatic invitations.

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