One main financial

[Anonymous]

hey guys listen I am in desperate need of a loan to get myself out of a debt and I have a pre approval notice from one main financial but I have a couple of questions that I wanted to keno about before I even use that ultimate last resort: 

 1) how easy is it to get a loan? ( I have school loans and a repossession on my credit report) 

2) how long will it take for them to notify me if I am approved? 

3) I got it in the mail at an older address but it's good until the 24th of March and I have recently moved to a different part of this state and I was wondering if they would still accept my pre approval notice at the different location or do I have to take to the address on it to be able to use it? 

4) I would gestimate my credit score is around 600-615, I have a pay stub less than 30 days old, is there any other paperwork that I would need

Any and all help is appreciated

PS I know using them is probably a really bad decision but at this point a loan from them would keep me from doing something illegal to get the money I need

[09Lexie]

A quick search popped up these threads. 

http://ficoforums.myfico.com/t5/General-Credit-Topics/One-Main-Financial/m-p/2452261#M177571

http://ficoforums.myfico.com/t5/General-Credit-Topics/Onemainfinancial-formerly-citi-financial/m-p/9...

http://ficoforums.myfico.com/t5/General-Credit-Topics/One-Main-Loan/m-p/1478502#M164115

I do not have any personal dealings with them but based on these threads, you need to go into this situation with your eyes wide open 

are you able to get a loan through a Credit Union? They are usually more forgiving on credit and the rates/fees would be much better. 

[fricnfrac1]

Hi. I have a loan wiith them, almost paid off. TRY to get another loan elsewhere. They charge 36% interest. Nothing nice. I had an emergency situation and Im on better footing now. But if you do, make sure they don't penalize you for pre payment. Some states do. Where I live, whatever I pay over monthly amount goes directly to principle.  Just do your research according to where you live. Hope this helps.  

[RobertEG]

Does the "pre-approval" letter state that it is made as a result of their having obtained your name from a listing provided by a CRA?

If so, it is a "firm offer for credit" that has specific requirements for honoring the firm offer.

If it was sent by obtaining your name from another source, it is not a "firm offer."