OneMain Financial
PE-OwnedApollo Global Management played a key role in acquiring and restructuring OneMain Financial (formerly Springleaf Financial, formerly American General Finance). OneMain provides personal loans to subprime borrowers at rates up to 36% APR. Consumer advocates have raised concerns about predatory lending practices targeting vulnerable borrowers.
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Ownership Information
OneMain Financial is owned by Apollo Global Management. Private equity ownership often leads to cost-cutting, price increases, and reduced quality of service as firms prioritize returns for investors over customers and employees.Learn more about PE ownership impact →
Timeline
1920
OneMain Financial founded
2010
Acquired by Apollo Global Management
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