American General Finance Layoffs
Now I know why

United States

#5903 May 2, 2013
Heard that they were shifting operations to home office and use less people in the field ... Centralized collections next

Since: Feb 13

Location hidden

#5904 May 3, 2013
The official excuse is to be able to service all the areas that we have pulled out of, but I think we are all smart enough to know how easily that territory is expanded upon.
gone

Dayton, OH

#5905 May 3, 2013
Where is Wendell Dixon and Hen Bendrix when we need them the most?
Black Hill

San Francisco, CA

#5906 May 6, 2013
It's probably all part of their internet lending "strategy". Basically high-rate, unsecured loans to anybody with a pulse that require lower overhead, and then they'll try to securitize the loans, the fountain in front of HQ and the pigeon crap on the roof to stay ahead of a Bk filing
sunshine

Saint Petersburg, FL

#5907 May 22, 2013
Is this forum dead?
Bright day

Lockhart, TX

#5908 May 22, 2013
It should be dead, since things are definitely headed the right way and they company is out of danger. We will be opening branches soon in several states
pinga

Van Nuys, CA

#5909 Jun 3, 2013
dude, more closings next month
Bright day

United States

#5910 Jun 5, 2013
They are opening 4 in Texas this year.... So your information is all wrong
Like Dope Pushers

Springfield, IL

#5911 Jun 6, 2013
"Springleaf's role in society is similar to the role that liquor stores have for alcoholics, or casinos have for gambling addicts.

35% loans ? They should be ashamed. Their interest rates and insurance packing are representative of the character of the company.

There's some decent people that work there along with the a-holes, but all-in-all the company should not exist."

Agreed.
Bright day

United States

#5912 Jun 7, 2013
Like Dope Pushers wrote:
"Springleaf's role in society is similar to the role that liquor stores have for alcoholics, or casinos have for gambling addicts.
35% loans ? They should be ashamed. Their interest rates and insurance packing are representative of the character of the company.
There's some decent people that work there along with the a-holes, but all-in-all the company should not exist."
Agreed.
I think you should not exist... Where do you expect people to get loans for things they need with not perfect credit????
Bright day

United States

#5913 Jun 7, 2013
Remember rate is because of the risk
Like Dope Pushers

Springfield, IL

#5914 Jun 7, 2013
Bright day wrote:
<quoted text>
I think you should not exist... Where do you expect people to get loans for things they need with not perfect credit????
I was hoping you would ask that question.

"35% loans !?!
You're better off taking the bus and eating out of cans.
Explaining why it is a good idea to take out a loan with AGF/SPRINGLEAF is like explaining why it is a good idea to buy furniture or appliances through Rent-A-Center: The costs just don’t add up.
AGF/SPRINGLEAF will claim that sending them a Cease and Desist letter is ALWAYS a bad idea, but there are definitely situations where it is necessary to do so. My posts regarding this always state that you can still be sued, and I have never claimed someone should not pay their bills. However, they continually try to distort the truth by claiming that I have. One should consider the true reasons why AGF/SPRINGLEAF doesn’t want to be sent these letters.
AGF/SPRINGLEAF wants to be in their debtor’s ear as much as possible, not merely to get them to pay their bills, but to sell them as much debt as possible, no matter how unwise it is. They seek to keep people as uninformed and in-the-dark about their rights as possible. There are good reasons why the Fair Debt Act was passed, and their company has a horrible track record with so many who have worked for them as well.Look at the rude, insulting comments being made on this public website by current AGF/SPRINGLEAF employees posing as laid-off or fired employees and ask yourself if these are the kinds of people you want to be indebted to.
AGF/SPRINGLEAF often solicits people for additional loans that are not within their best financial interestsThese people are not deadbeats, yet AGF/SPRINGLEAF lies to them in order to make them vulnerable to their sales tactics. Not all businesses do these kinds of things. These people have a right to use the Fair Debt Act to get AGF/SPRINGLEAF o leave them alone.
According to the Fair Debt Collection Practices Act, Consumers being harassed by creditors must cease to do so after being contacted by certified mail by the debtor indicating their desire to only be contacted by mail.If you decide after contacting the debt collector that you don’t want the collector to contact you again, tell the collector – in writing – to stop contacting you. Here’s how to do that:Make a copy of your letter. Send the original by certified mail, and pay for a “return receipt” so you’ll be able to document what the collector received.Once the collector receives your letter, they may not contact you again, with two exceptions: a collector can contact you to tell you there will be no further contact or to let you know that they or the creditor intend to take a specific action, like filing a lawsuit. Sending such a letter to a debt collector you owe money to does not get rid of the debt, but it should stop the contact. The creditor or the debt collector still can sue you to collect the debt, however. "
Today

Chicago, IL

#5915 Jun 7, 2013
Let go of 20 people in ARC today... Yet a new branch opens in PA on 6/24... Hard to say!
Eville

Noblesville, IN

#5916 Jun 8, 2013
Today wrote:
Let go of 20 people in ARC today... Yet a new branch opens in PA on 6/24... Hard to say!
I thought they were going to start centralizing collections. Hmmmm.....
leroy

Saint Louis, MO

#5917 Jun 10, 2013
Laid off a group of people in the ARC on Friday and sold off all accounts older than Dec 31, 2012.

Since: Jun 09

Location hidden

#5918 Jun 10, 2013
We're doing allot of loans right now. Some branches that only did 40-50 are now doing 80-90. They want us to gain way too much and too fast!
Wondering

Springfield, IL

#5919 Jun 11, 2013
leroy wrote:
Laid off a group of people in the ARC on Friday and sold off all accounts older than Dec 31, 2012.
Making room for more charge off.
Eville

Noblesville, IN

#5920 Jun 11, 2013
Whoa is me wrote:
We're doing allot of loans right now. Some branches that only did 40-50 are now doing 80-90. They want us to gain way too much and too fast!
They are approving everything!
Something burning

United States

#5921 Jun 11, 2013
Smoke and mirrors

Since: Feb 13

Location hidden

#5922 Jun 11, 2013
Eville wrote:
<quoted text>
They are approving everything!
Good thing... Maybe it is just me but it seems like our leads have gotten progressively worse.

Tell me when this thread is updated:

Subscribe Now Add to my Tracker

Add your comments below

Characters left: 4000

Please note by submitting this form you acknowledge that you have read the Terms of Service and the comment you are posting is in compliance with such terms. Be polite. Inappropriate posts may be removed by the moderator. Send us your feedback.

American International Group Discussions

Title Updated Last By Comments
News AIG layoffs come just before Christmas (Oct '08) Aug '17 tom 44
Ten Most Excellent XviD WMV to MOV Converter Ar... (Mar '09) Mar '17 Newday 6
News Paulson defends Merrill Lynch deal (Jul '09) Jun '16 Swedenforever 6
Why I was not on a Loan note (Mar '11) May '16 Margaret 3
News From Member of the Bar to Piano Bar: AIG's Russ... (May '16) May '16 SINGER Hedge Para... 1
News Obama opposes 90% tax on bonuses at bailouts (Mar '09) Apr '16 FancyButtPirate 14
News Paulson Distances Himself From A.I.G. Payments (Jan '10) Feb '16 Bailouts 14
More from around the web