OneMain Financial Extends Relief to Customers Impacted by Tornadoes and Announces $15,000 Donation to Feeding America, Kentucky’s Heartland

Rhea-AI Summary

OneMain Financial, the largest nonprime installment lender in the U.S., launched a Borrower’s Assistance program on Dec. 16 to aid customers in Kentucky affected by recent tornadoes. The program will run until Jan. 17, offering options like deferring loan payments without added fees for those eligible. The company also donated $15,000 to Feeding America’s Tornado Relief Fund and is conducting collection drives for necessities. With 36 branches in Kentucky, OneMain serves over 55,000 customers in the state, emphasizing its commitment to community support.

Positive

• Introduced Borrower’s Assistance program for tornado-affected customers, providing loan deferment options.
• Donation of $15,000 to Feeding America's Tornado Relief Fund demonstrates commitment to community support.
• No additional costs incurred for eligible borrowers participating in the assistance program.

Negative

• None.

NEW YORK--(BUSINESS WIRE)-- OneMain Financial, the country’s largest nonprime installment lender with a mission of improving the financial well-being of hardworking Americans, has implemented a Borrower’s Assistance program to provide relief to customers in Kentucky affected by recent tornadoes. The program, which went into effect Dec. 16, will provide options to eligible customers, including deferring loan payments. The assistance will be available through Jan. 17 for customers in eight counties in western and midwestern Kentucky.

The company will donate $15,000 to Feeding America, Kentucky’s Heartland, Tornado Relief Fund, to support response and relief efforts. In addition, OneMain team members are leading online and in-person collection drives to gather food, clothing and other necessities.

"It has been devastating to see the damage inflicted by the tornadoes in Kentucky, and we are committed to helping our state and customers recover,” said Tracey Woodyard, who heads OneMain’s office in London, Kentucky. “As a company, we are close to our local communities and want to help our neighbors during this difficult time.”

OneMain has 36 branches in Kentucky, in addition to the company’s London site, employing about 500 people in total. The company services more than 55,000 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 additional costs, including late fees and returned payment fees, due to program adjustments.

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

About OneMain Financial

OneMain Financial (NYSE: OMF) is the country’s largest nonprime installment lender, with a mission of improving the financial well-being of hardworking Americans. With approximately 1,400 locations throughout 44 states, the company is committed to helping people with their personal loan needs. OneMain and its team members are dedicated to the communities where they live and work. For additional information, please visit OneMainFinancial.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20211216005710/en/

Media Contact:

Kelly Ogburn

410-537-9028

kelly.ogburn@omf.com

Source: OneMain Financial

FAQ

What is the purpose of the Borrower's Assistance program by OneMain Financial?

The Borrower's Assistance program aims to provide relief to customers in Kentucky affected by recent tornadoes, offering options like loan payment deferment.

How long will the Borrower’s Assistance program be available for OneMain customers?

The program will be available until January 17 for eligible customers in Kentucky.

How much has OneMain Financial donated to the tornado relief efforts?

OneMain Financial has donated $15,000 to the Feeding America Tornado Relief Fund to support relief efforts.

How many branches does OneMain Financial have in Kentucky?

OneMain Financial has 36 branches located in Kentucky.

What should customers do to discuss assistance options with OneMain Financial?

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