Payday loan, title loan, personal loan, or advance loan -- Struggling to pay your loan -- Complaint #10055699
Complaint Overview
Complaint ID: 10055699
Company: Onemain Finance Corporation
Product: Payday loan, title loan, personal loan, or advance loan
Sub-Product: Title loan
Issue: Struggling to pay your loan
State: California
ZIP Code: 923XX
Date Received: 2024-09-07T12:00:00-05:00
Date Sent to Company: 2024-09-07T12:00:00-05:00
Company Response: Closed with explanation
Timely Response: Yes
Consumer Disputed: N/A
Submitted Via: Web
Tags: Older American
Consumer Narrative
When we applied for the loan we were desperate our monthly payment is XXXX, XXXX goes toward interest and XXXX goes toward the principle, that's heart breaking we didn't really understand that most of my payment would be going to the interest and not the principle. We are on a fixed income and the payment is causing us to be almost destitute I mean we can not keep up with our other bills. We are behind in our proper taxes and everything because of this big debt. We need help. We would like our payments to be cut in half. Help us if you can.
Frequently Asked Questions
What is Complaint #10055699 about?
Complaint #10055699 was filed against Onemain Finance Corporation regarding Payday loan, title loan, personal loan, or advance loan specifically about Struggling to pay your loan. It was received by the CFPB on 2024-09-07T12:00:00-05:00.
How did Onemain Finance Corporation respond to this complaint?
The company responded with: "Closed with explanation". The response was timely.
What is the risk level of this complaint?
See the risk assessment section for details on this complaint's risk profile.
How do I file a similar complaint?
You can file a complaint with the CFPB at consumerfinance.gov/complaint. Select the appropriate product category (Payday loan, title loan, personal loan, or advance loan) and describe your issue in detail.
Can I see other complaints against Onemain Finance Corporation?
Yes, visit the Onemain Finance Corporation company profile at readthecomplaint.com/company/onemain-finance-corporation to see all complaints, risk scores, and analysis.
Disclaimer
This analysis is AI-generated based on publicly available CFPB complaint data. It does not constitute financial or legal advice.