OneMain Financial Extends Relief to Customers Impacted by Hurricane Ian

Rhea-AI Summary

OneMain Financial has launched a Borrower’s Assistance program for Hurricane Ian victims in Florida, allowing eligible customers to defer loan payments until October 31. The program covers 17 affected counties and ensures no late fees for participants. OneMain is closely monitoring other impacted areas and organizing a community relief event on October 8 in Port Charlotte. With 69 branches and nearly 170,000 customer accounts in Florida, the company is committed to supporting its clients during this crisis.

Positive

• Launch of Borrower’s Assistance program for Hurricane Ian victims, supporting customers with loan deferments.
• No late fees for eligible borrowers enrolled in the assistance program.
• Community relief event planned to support families affected by Hurricane Ian.

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• None.

NEW YORK--(BUSINESS WIRE)-- OneMain Financial, the leader in offering nonprime customers responsible access to credit, has implemented a Borrower’s Assistance program to provide relief to customers in Florida affected by Hurricane Ian. The program will provide options to eligible customers, including deferring loan payments. The assistance will be available through Oct. 31 for customers in 17 counties in Florida: Charlotte, Collier, Desoto, Flagler, Hardee, Hillsborough, Lee, Manatee, Orange, Osceola, Pinellas, Polk, Putnam, Sarasota, Seminole, St. Johns and Volusia.

The company continues to monitor other states and counties that may have been impacted. Additionally, OneMain will host a community relief event on Saturday, Oct. 8 at 10 a.m. Eastern at the company’s branch in Port Charlotte, to distribute supplies to families in need.

"The devastating effects of Hurricane Ian have impacted so many communities in Florida,” said Joe LaCopo, Senior Managing Director at OneMain Financial. “Our thoughts are with those who are recovering, and our team is doing what we can to help those in need.”

OneMain has 69 branches and more than 400 team members in Florida. The company services nearly 170,000 customer accounts in the state.

In addition to a possible deferment, the program ensures that eligible borrowers who have contacted a OneMain representative and been accepted into the program do not incur late fees and returned payment fees.

Customers should call 844-791-3990 to discuss assistance options.

About OneMain Financial

OneMain Financial (NYSE: OMF) is the leader in offering nonprime customers responsible access to credit and is dedicated to improving the financial well-being of hardworking Americans. We empower our customers to solve today’s problems and reach a better financial future through personalized solutions available online and in 1,400 locations across 44 states. OneMain is committed to making a positive impact on the people and the communities we serve. For additional information, please visit OneMainFinancial.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20221005005232/en/

Kelly Ogburn

410-537-9028

kelly.ogburn@omf.com

Source: OneMain Financial

FAQ

What is the Borrower’s Assistance program offered by OneMain Financial?

The Borrower’s Assistance program allows eligible customers affected by Hurricane Ian to defer their loan payments until October 31.

How long will the assistance options be available for OneMain Financial customers in Florida?

The assistance options will be available through October 31.

What counties in Florida are covered by the Borrower’s Assistance program?

The program covers 17 counties including Charlotte, Collier, Desoto, and others.

When is the community relief event scheduled by OneMain Financial?

The community relief event is scheduled for October 8 at 10 a.m. in Port Charlotte.

What support does OneMain Financial provide to its customers affected by Hurricane Ian?

OneMain Financial provides options like loan payment deferrals and waives late fees for eligible customers.