OneMain Financial--advice?

[exCYter]

Hello.  I'm trying to get my house in order because I plan on buying a new car in June/July.  Right now my FICO scores are listed at EQ 682, TU 670, EXP 646.  I've been lurking on the boards and have gotten most of my credit report in order that I can.  I do, however, have one outstanding issue-- a charged off personal loan with OneMain Financial, the balance is showing at 6695.  DoFD is 12/13.  I have the ability to PIF, but from browsing around I understand OneMain/Citi doesn't do PFD.  My question to the board is, will this impact my car loan chances if this is still listed as unpaid?  My guess is I could contact them and get a settlement of probably 30-50% of the total owed, but I'm not sure if that will actually benefit me?  My DTI will not be an issue for the loan, I'm just interested in what the underwriters of the loan will care about, my understanding is the manufacturer's preferred loan provider is Chase.  Obviously I don't want to 1) Reage the loan or 2) wake a sleeping dragon and get sued

[jstap01]

I can't answer your question but wanted to let you know that OneMain is no longer affiliated with Citi, it is now affiliated with Springleaf.  Springleaf bought OMF but they will be retaining the OMF name. 

[exCYter]

Oh wow, that could be great news.  Not sure Springleaf has ever PFD, but it seems they are definitely more flexible than OMF under Citi was.  

[RobertEG]

An unpaid charge-off is both an assessment by a creditor that you are not going to pay the debt, followed by continued non-payment by the consumer.

It represents, up to that point, a loss to the creditor. 

If a potential creditor does a manual review of your credit report and sees that you have a history of not paying your debt, I would aassume it will likely affect their willingness to lend to you.  It is not all simply about lending based on a three-digit number.

[exCYter]

Strange thing is, and perhaps looking back this is because of the acquisition by Springleaf, which took much longer than expected, but they expended very very little effort in trying to collect from me, like a couple of letters and no phone calls and nothing in probably a year at least.  Compared to an insurance related snafu from my dentist for $159 sent to a CA, phone calls every day, letters every month for a year until I paid it(which they then deleted without me even asking them to do).