OneMain Financial Holdings, Inc. (NYSE: OMF) is a leading consumer finance company headquartered in Evansville, Indiana. The company specializes in providing personal loans to nonprime borrowers across the United States through a combination of branch-based locations and digital channels. With a network of more than 1,500 branches operating in 44 states, OneMain serves over one million customers seeking credit solutions that traditional lenders may not offer.
OneMain traces its roots to mid-20th-century finance operations that later became part of Citigroup’s consumer lending division. In 2011, the business was divested from Citigroup and rebranded as Springleaf Financial. In 2015, Springleaf adopted the OneMain name to reflect its focus on personal lending, and the company subsequently completed an initial public offering in 2017, listing its shares on the New York Stock Exchange under the ticker OMF.
OneMain’s core products include unsecured personal loans for purposes such as debt consolidation, home improvement, and unexpected expenses, with loan amounts typically ranging from $1,500 to $20,000. The company also offers secured auto-related loans that use a borrower’s vehicle as collateral, along with ancillary products such as payment protection plans, vehicle service contracts, and gap insurance. OneMain’s lending model combines in-branch customer service with online applications and digital account management, catering to borrowers who value both personal interaction and technological convenience.
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