So let me start off by saying yes I was approved with the caveat of giving them the title to my car. When I tried to have an understanding of the loan schedule break down one of the gentleman named rich told me that it's basically like the rule of 78. I had to Google that and once I did I realize that I'm actually getting screwed. I only consider doing this loan to consolidate my credit cards to one payment but after jumping through hoop after who I realize that this was not the best thing for me so I personally denied alone. The major factor that helped me to deny the loan was reading up on the rule of 78. Trust me or don't and get screwed but trust me you don't want to do these kinds of loans. If you're doing this to consolidate credit cards just start paying them off and take the hit on your credit score for the time being. These types of loans are geared towards people that can't get conventional loans. The rule of 78 loans are bad for people with subjective credit.Thank you too rich for teaching me about how your lungs work by giving me that title otherwise I would have never known. Now I need to start working with a credit union on getting a legitimate loan that doesn't screw me in the end
Onemain Financial is a US Finance company based in Elyria, Ohio. Onemain Financial is located at 360 Chestnut Commons Dr, Elyria, OH 44035, USA.
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