The following post comes to us from pissed consumer and details how the practices of Citi Financial OneMain are fraudulent bordering on theft. We receive solicitations from them frequently. One reason the search phrase ” one main financial pre selected certificate ” is so common is that people across the United States have been ripped off by one main financial. Income inequality is a huge problem in the United States and all over the world. Do NOT make it worse by borrowing from loan sharks. Also there is an unconfirmed story of a young woman who got in over her head financially due to various hardships beyond her control. She borrowed from one main based on a pre-selected certificate she received in the mail. After a “very private consultation” , this soon to be Cowboy Cheerleader was relieved of her debt. Also, it can be a serious headache finding out what your payoff amount is on your loan. You should be able to get your payoff balance online, however a poster at pissed consumer , I believe, wrote that you had to snail mail the request for your payoff amount! I don’t know why one main makes it so inconvenient for you to completely pay them off. Probably because they won’t make near as much interest off of you!
The high interest rates they exploit you with hurt you in more than one way. Most families of average means can not afford to pay such exorbitantly high interest rates and when they default on their loan, OneMain will report it to Experian, TU, and Equifax who will insert derogatory entries in your credit history which will LOWER YOUR CREDIT SCORES. Your credit score is a three digit number that can wreck your life in may ways. Potential Employers, insurance companies, home/auto lenders, and landlords(to determine the amount of your security deposit)all have the right to look at this score to make determinations on whether to hire you, issue insurance, allow you to buy a car or home, qualify to rent an apartment, etc!!
I took a loan from CitiFinacial, now OneMain, in 2007 and was lied to about the interest rate, and other terms of the loan. Each and every month I sent my payment in plenty of time to reach them and each month they posted the payment late and kept most of the payment for interest. Even though I complained I got nowhere. For at least a year now they have each and every month sent me notices saying that I was pre-selected or pre-qualified for a $3,000. loan. After they changed to OneMain I decided to give them a try and went into the Van Nuys office to get the loan the woman I talked to gave me the run a round when she saw the letters and other correspondence from me to them about the problems I had had with them. She kept wanting more things and promised she would call the next day”. She didn’t’. When I called after that she was not there or with a client!. One day I asked to speak to the manager and first was told she wasn’t there and then that she was with a customer/. After more than a week I went on line and found a reputable company, who gave me a loan at a lower interest rate than I had started with at Citi/One Main, and a shorter pay off date:. I just returned a little while ago from paying off Citi/OneMain and this time the girl who I had first spoken to said I “just didn’t qualify for a loan”!. She could not explain why I did not qualify even though I kept getting letters from them saying I was pre-qualified!.
To clarify my original complaint. At first I mailed the payments, and when I saw that they were screwing with me about when they received them I started to send them return receipt so that I would know when the payment reached them. That didn’t help so I went each and every month as soon as I received the payment notice to their office and paid them in their office. One time I had cash and they would not take it, pissed me off, so I cussed them out and they called the Burbank police on me. When the police came they sided with me, but told me to take them a money order so I did that. Even though they are now paid off I still continue, even though thereto I asked to be removed, to receive their loan offers.