Credit Cards Center Credit cards from our partners
Reply
Frequent Contributor
Posts: 254
Registered: ‎02-22-2012
0

Springleaf Financial Question.

I am thinking of getting a loan from this company for $10,000 to put with some cash I have on hand to buy a piece of equipment for our business. With my credit scores and desire to move quickly they seem to fit my needs. While this is a personal loan the business will give me the money to pay it off over 6-8 months time. I have read lots of complaints about this company, but most seem to be from people who paid late and didn't get much love for doing so. In my situation do you think this is an acceptable company to deal with?

Current Score: FICO EQ670-TU680-EX700
Wallet: Cap One Rew. $3500, Cap One QS $2500, Barclay $2650, Old Navy Visa $3000, QS-2 $2500, Credit One $2500, BoA $5000, Chase Freedom $3000, Slate $3000, Wal-Mart Discover $3000-STORE CARDS: Amazon $3500, Lowes $2000, Kay's $7600
New Contributor
Posts: 132
Registered: ‎11-21-2012
0

Re: Springleaf Financial Question.

I guess you can go with them if that is one of the only and last options you have.... They have a ton of complaints and I'm sure a good amount are from people paying late but that is a lot of complaints and they changed their name also which is another red flag.. Personally I would run not walk away from that company..

Epic Contributor
Posts: 28,545
Registered: ‎10-23-2007
0

Re: Springleaf Financial Question.

Is this a little bit above a payday loan?

Anyone gone through the process to see what they got approved for and what they needed to provide to get the cash?

I don't like having to go into a branch, why can't it be all done online!!! 

I may have left the garden 06/20/2016 Smiley Tongue
Partner Joined Garden 04/11/2016
Frequent Contributor
Posts: 254
Registered: ‎02-22-2012
0

Re: Springleaf Financial Question.

I will let you know what they want. They said it would be unsecured.
Current Score: FICO EQ670-TU680-EX700
Wallet: Cap One Rew. $3500, Cap One QS $2500, Barclay $2650, Old Navy Visa $3000, QS-2 $2500, Credit One $2500, BoA $5000, Chase Freedom $3000, Slate $3000, Wal-Mart Discover $3000-STORE CARDS: Amazon $3500, Lowes $2000, Kay's $7600
Epic Contributor
Posts: 28,545
Registered: ‎10-23-2007
0

Re: Springleaf Financial Question.


KeithW wrote:
I will let you know what they want. They said it would be unsecured.

Did you apply already?

Does it go through and approve instantly based on... (type process) or you submit and it just says we will be in touch soon or call or come into such and such branch?

I may have left the garden 06/20/2016 Smiley Tongue
Partner Joined Garden 04/11/2016
Frequent Contributor
Posts: 254
Registered: ‎02-22-2012
0

Re: Springleaf Financial Question.

I applied online then the local branch called me and told me that it would be unsecured and asked for paystub.
Current Score: FICO EQ670-TU680-EX700
Wallet: Cap One Rew. $3500, Cap One QS $2500, Barclay $2650, Old Navy Visa $3000, QS-2 $2500, Credit One $2500, BoA $5000, Chase Freedom $3000, Slate $3000, Wal-Mart Discover $3000-STORE CARDS: Amazon $3500, Lowes $2000, Kay's $7600
Epic Contributor
Posts: 28,545
Registered: ‎10-23-2007
0

Re: Springleaf Financial Question.


KeithW wrote:
I applied online then the local branch called me and told me that it would be unsecured and asked for paystub.

but at what kind of rate and term? they approved the full $10k or?

I may have left the garden 06/20/2016 Smiley Tongue
Partner Joined Garden 04/11/2016
Highlighted
Frequent Contributor
Posts: 254
Registered: ‎02-22-2012
0

Re: Springleaf Financial Question.

They haven't told me any rates yet. They said they would call me when they had put something together. They called this morning to verify my employment so I should hear something soon. I told them I was in no immediate hurry.
Current Score: FICO EQ670-TU680-EX700
Wallet: Cap One Rew. $3500, Cap One QS $2500, Barclay $2650, Old Navy Visa $3000, QS-2 $2500, Credit One $2500, BoA $5000, Chase Freedom $3000, Slate $3000, Wal-Mart Discover $3000-STORE CARDS: Amazon $3500, Lowes $2000, Kay's $7600

Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.

Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
† Credit cards for FICO Score ranges: The score ranges are guidelines based on internal myFICO analysis of actual applicant approvals, and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range. These ranges were not provided by any card issuer.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.