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i borrowed 9,400 in October of 2013 i have already paid 6000.00 on the loan i called for my payoff balance she informed me that i still owed them 11500.00 dollar i told her that was not possible she said that i would owe them 19,000 if i didnt pay it off by October 15 a day after my year mark. i told her that must not be accurate due to me already paying 6000.00 toward the loan and paying over the amount monthly and asked her how can it jump to 19,000 she said for me to look up the rule of 78 on google i asked her for a print out of everything that was paid and everything they have been charging me for etc she stated they couldnt do that there boss wouldnt allow it. they never want to truly give you a payoff they always write things on scraps of paper for 23 months and 60months im ready to sue the pants off these people what they or doing has to be illegal

Review about: Onemain Financial Loan.

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Anonymous
#1382302

Right. Sure.

They are going to risk being put out of business by the regulators by charging you more APR than the contracted rate, right? If YOU have made late payments then YOU generated extra interest for them.

That shouldn't matter to you since you have all this money to hire an attorney to sue them. So tell us...how's that law suit going?

Anonymous
#1377550

Oh how impressive! One continuous run-on sentence!

No punctuation, no sentence structure. Are we ever, ever impressed!

Anonymous
#874870

Clearly this reviewer is not being truthful.. there is NO WAY that you for 1.

That you could have paid $6000 in less than a year of taking out the loan and your balance still be at or more than you borrowed. One main loans have a fixed rate and the more and sooner u pay back a lot of the principal the balance/payoff reduces quicker.... 2. If you requested a payment history they will give you a history once they verify your identity..

3.if the balance increased any then Obviously you have not paid your loan payments On TIME and have missed a few . ..

Anonymous
to Anonymous Fort Myers, Florida, United States #875129

YES SHE IS RIGHT, MY 76 YEAR OLD FATHER IS GOING THRU SAME THING, TOOK OUT A 8000 LOAN AND GAVE 5000 BACK AND STILL OWES 6900 , HAS PAID 208. FOR 7 YEARS!!!!!

Anonymous
to ROSE #1401547

When deadbeats fail to make payments on time, deadbeats cause EXTRA INTEREST and LATE FEES to be generated.

Anonymous
Queens, New York, United States #874680

Do a class action lawsuit i'm sure alot of people will come on board their rates are outrages and their practices too...

Anonymous
to Letty #1311562

I borrowed 6000 with fees and such the total loan was 7000 it has been just over 2 years as I have paid just over 5000 at 219 a month. Never misses a payment and as of 3 days ago my payoff amount is a little over 5600.

I had plans of early payoff as in the loan it says a total payback of just 13000 if I waited till the end.

I still have several years left on the loan. Seems as if they are applying 50% of payments to interest and plan to get close to full payback even if I pay off several years early

Anonymous
to Anonymous #1315234

Do any of you idiots know how interest works? Or bother looking at OneMain's rates?

I myself have a loan for 34% APR.

With that rate, the balance grows by 34% each year (assuming no payments or fees). So yes, most of your payments go to interest for about the first half of the life of the loan. That is how long term loans work.

Ever look at an amortization schedule before? I think not.

Yes their rates are ridiculous, but then again if we could do better we would have done so already.

Coming on here acting like an entitled brat because you don't know how loans work just makes you look *** to those of us with a brain.

But sure, rave on about how you're getting screwed.

You signed the contract.

Should have read it before signing. Or were you so desperate that you didn't care?

FarmerJon
to Anonymous #1316351

Your record is broken and the needle is skipping. I keep seeing your comment on here many times about different issues having to do with OneMain.

I think you are an employee or at least a shareholder. You enjoy people's suffering because you are kicking them when they are down. Do us all a favor and go get a real job with ISIS.

I'm sure you would find that challenging as even they wouldn't put up with your incessant B S. for long at all.

Anonymous
to Anonymous #1388396

Very well said!!!

Anonymous
to Anonymous #1380168

Thanks for the warning to READ & UNDERSTAND WHAT YOU SIGN.

Do not take the loan if you can't pay it back or understand how much it's going to cost.

This is EXPENSIVE money.

If you're taking out a loan from these people, understand the chances of your circumstances changing to the point where you can pay it off are slight.

Anonymous
to Letty #1401550

Oh poor baby! If YOU wouldn't have destroyed YOUR credit by not paying other creditors, YOU would have been able to receive a lower APR loan from a bank.

People who pay their bills on time don't have any complaints, never have bill collectors chasing them down and don't come here to cry, whine, wail and stomp their feet!

It's ONLY you sorry habitual deadbeats who don't pay on time and can't stand the consequences YOU bring upon YOURSELF. That's an OBVIOUS FACT!

Anonymous
to Anonymous #1424152

*** needs a life!

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