Do you need to pay the bills but your payday is still a week away? Are loans or credit cards unavailable due to a low credit score?

Don’t panic yet.

If you’re having a hard time with financing due to bad credit, you should look for bad credit loan options. This guide is a OneMain Financial review. We will look into its pros, cons, and features.

Are you ready to learn about OneMain Financial? Read on and learn more.

• BONSAI FINANCE

  Our take:Online marketplace to find you a personal loan offer that matches your needsAPPLY NOWCredit ScoreLoan Size/AmountLoan TermAPROrigination FeeAll can apply$100 – $15,0001 – 605.99% – 35.99%Varies by lender

OneMain Financial Review

Around a third of all Americans have a low credit score. That’s why most lenders are becoming more stringent with their loans. Now, a lot of lending firms require a credit score of 620 as their minimum.

If you’re suffering from bad credit, OneMain might be your best choice. A lot of loan experts recommend it since the service helps you get financing without a lot of trouble.

Features

In this section of the OneMain Financial Review, you’ll see the lenders’ main features.

1. Fast Cash

OneMain’s best feature is its fast loans. That means you can complete applications and get a decision within a span of 10 minutes. As soon as you get an approval, you will get the funds within the same day through a check or within two days using bank payments.

The funding time might vary depending on the time you submit the application, as well as the number of documents needed. The faster you submit these documents, the sooner you get your application approved.

2. Secured Loans

If you want to qualify for a lower APR, a larger loan, or a longer term, you can try their secure loan option. You can secure this by using collateral such as car titles. It’s important to remember that if you can’t make your payments, you will end up losing your collateral.

• BONSAI FINANCE

  Our take:Online marketplace to find you a personal loan offer that matches your needsAPPLY NOWCredit ScoreLoan Size/AmountLoan TermAPROrigination FeeAll can apply$100 – $15,0001 – 605.99% – 35.99%Varies by lender

OneMain also offers its optional credit insurance with their secured loans. But it’s important to think about your situation before you avail of this feature.

3. Free Credit Score

If you’re an approved OneMain borrower, you’ll have free access to your credit scores. It’s a feature few online lenders have.

Pros

Here are the pros of using OneMain Financial:

• No minimum credit score requirement
• Fast, same day loans
• Repayments can last from 2-5 years
• Loan amounts range from $1,500-$30,000

It’s the best option when you need fast cash without credit score requirements.

Cons

Here are the cons of using OneMain Financial:

• High APR at 16.05%
• Often requires physical visits

These drawbacks are often negligible due to the fast approvals.

Try OneMain Financial Today!

Hopefully, this OneMain Financial review helps you decide whether it’s the best option for your situation. It’s fast, convenient, and gives a lot of features that can make it worth your while.

Do you need help with financing? Don’t hesitate to call the experts! We’re here to get you back on solid financial ground.

Feel free to contact us and we’ll help you out.