They're a subprime lender; IIRC interest rates were around 20-30% APR but that may well have changed in the past several years.
It doesn't make financial sense to consolidate loans unless it saves you money: what are the interest rates on your current loans, and if you can't get below them, don't.
They are Bloodsuckers and besides the large APRs you will get a sizeable loan origination fee at closing. Run don't look back!
When I first started on this credit repair journey in late Aug 2017 I consolidated $7,000 in credit card debit using One Main. Now I have that showing on my credit as a $14,000 revolving loan egads! Wish I would have just waited and gained a bit of knowlege first!
One Main def bad news. I finally broke free of them about 4 years ago. They book the loan + interest for the entire term of the loan on day one. Getting them to credit some back with early payoff was impossible.
Run away and don't look back.
Wow, so double the original loan amount? That is really outrageous.
Yep a $7000 loan shows as $14000+ on my credit report. Whats worse - I now have credit cards with much lower rates and even 0% for awhile so I could have done a balance transfer and been better off. At least I am learning now!