Financial Services

OneMain Financial

Apollo 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.

FOUNDED
1920

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Timeline

1920

OneMain Financial founded

2010

Acquired by Apollo Global Management

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