OneMain Holdings (NYSE: OMF) has built its business on lending to people that other banks turn away. It’s profitable, and for income investors, the dividend yield is hard to resist. But the company also comes with an unsteady history. Up-and-down earnings, slipping loan quality

OneMain’s Yield Comes With a Catch

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OneMain Holdings, Inc., a financial service holding company, engages in the consumer finance and insurance businesses in the United States. The company provides origination, underwriting, and servicing of consumer loans, consisting of personal loans and auto finance. It also offers secured auto financing; credit cards; optional credit insurance products, including life, disability, and involuntary unemployment insurance; optional non-credit insurance; guaranteed asset protection coverage as a waiver product or insurance; and membership plans. The company provides personal loans through its branch network, central operations, digital affiliates, and its website. The company was formerly known as Springleaf Holdings, Inc. and changed its name to OneMain Holdings, Inc. in November 2015. OneMain Holdings, Inc. was incorporated in 2013 and is based in Evansville, Indiana.

OneMain Holdings, Inc. News