Get to know the OneMain Personal Loan and its benefits

If you have a low credit score but is still looking for a good loan, you have to know the OneMain Loan! It is perfect for your current situation because it has lower rates and flexible payment methods.

The OneMain loan focus on your ability to pay your debts. The fees may be higher than other loans, but you will understand why once you take a look at their flexibility and how it easily accepts people with low credit scores.

The OneMain company is a financial corporation that accept requests from all kinds of profiles. It is in 44 US states, which means you won’t have problems with locations matters. Chances are there is a  OneMain near you.

They have limits for some states, though. Loans with rages from $1.500 up to $20.000 can be requested for most of the states. Our recommendation is that you take a look at the OneMain Policy, so you can have even more information.

Read this article to know all about the OneMain Loan and how to do it. Ready? Then let’s go!

Does this application affect my credit score?

No at all. This application doesn’t decrease your credit score. So, you can apply as many times as you want and find it necessary. And if you have a low credit score, this loan is the perfect one.

That’s because it won’t use FICO scores as a criterion to the loan approval. Wich means there is no minimum credit score for you to be approved.

To analyze a require, The OneMain company will consider your ability to pay for the loan, along with your credit history. That’s why a person can have a loan at OneMain even with low credit scores.

There is also no monthly or annual income required for you to apply.

What are the benefits?

To begin with, the OneMain loan allows you to have a co-applicant. That will help you in case you can’t qualify for it on your own. You can also use that option if the amount you need is very high when you don’t have the credit scores or history to do so.

The co-applicant also then becomes fully responsible for repaying the loan, as he or she will also be able to take possession of the funds. Nevertheless, OneMain financial company doesn’t allow its clients to sign up with co-signers.

Additionally, this loan accepts guarantees, for the cases when you don’t have a co-applicant or a satisfactory credit score, or even if you are in need of a high amount. You can use your motorcycle, car, boat or even your RV as guarantee.

However, your vehicle will be evaluated and it should also be ensured against possible damages. If you are a military member, you don’t even have to use any guarantee.

Even more benefits

A competitive advantage of this loan is that it is completely online. Visiting physical branches is on the past. Currently, we can solve our entire financial life using our cell phones, without having to leave our homes or wherever the place we are.

Everything you need to manage your loan, access payment details and transfer transfers or payments will be in the mobile app, right in the palm of your hand.

With OneMain, you can also choose and change your payment details through the app, within 45 days of signing the contract. Not to mention the approval is super-fast! Most of the time, you already have the answer a few minutes after the request.

Also, OneMain gives you up to 7 days to cancel the loan, in case you regret it. Rarely does any company offer this to its customers

Who is this loan for?

The OneMain loan is perfect for those who do not have a high credit score or minimum income to acquire a good loan! Since it takes into account your credit history and ability to pay, you should be able to get approved without too much trouble.

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