Springleaf Personal Loans Reviews

3.0 of 5 | 2 Reviews
Overall Rating
2.0
Rates & Fees
4.0
Customer Service
3.5
Knowledge & Expertise
  • Springleaf Financial has been in business, under different names, since 1920. Springleaf offers unsecured loans and vehicle title loans in 30 states. Customers can begin the application process online or visit a branch office. Online applications must be finalized in person in a branch location. Springleaf loans are available to consolidate debt, make home improvements, pay for college expenses, or to cover an emergency expense. Springleaf loans do not have any prepayment penalties.

    Headquarters: Evansville, IL
    Website: http://www.springleaffinancial.com
  • Additional Information

Bills.com Rating

3.5

This company is in the bills.com network Springleaf Financial personal loans interest rates can be as high 45% APR. Its average interest rate in 2012 was just over 24%. These are high rates, but far better than payday loans. Springleaf loan amounts range from $1,000 to $20,000. Loans over $7,500 require collateral as security, such as a vehicle's title. Borrowers need to shop around, to find the best loan available, and only take out a loan that they are sure they can repay as agreed. Borrowers who pledge their car as security need to understand that a missed payment can lead to vehicle repossession. Don't pay for the credit insurance they offer, unless you understand the product's costs and benefits and then make a decision that it's worth the money.

Pros: Available To Borrowers Who Lack Strong Credit.
Cons: Customers Need To Go Into A Branch. High Interest Rates.

Reviews & Ratings

Only choice I had

Avatar

Chicago, IL  |  April 16, 2014
Show ratings detail Hide ratings detail

3.0

2.0
Rates & Fees
4.0
Customer Service
3.0
Knowledge & Expertise

I was in a jam, due to unexpected medical costs and a blown transmission. I hate the interest rate I got, but if I did not get a loan, I couldn't have fixed my car and been able to get to my job.

Reply to a provider review

High Interest, but the best I could get

Avatar

Seattle, WA  |  November 06, 2013
Show ratings detail Hide ratings detail

3.0

2.0
Rates & Fees
4.0
Customer Service
4.0
Knowledge & Expertise

My loan rate is 21%, but I needed the money and can make the monthly payments. Not the ideal option, but the best that I could find.

Reply to a provider review
Thanks for your feedback!
 

Tool Box   Easy to use resources to help you find solutions to your money questions