Business Wire | Aug 21, 2020 09:05AM EDT

OneMain Financial Extends Relief to Iowa Customers Impacted by Derecho Storm

Aug. 21, 2020

EVANSVILLE, Ind.--(BUSINESS WIRE)--Aug. 21, 2020--OneMain Financial has implemented a Borrower's Assistance program to provide relief to customers affected by the derecho in Iowa. The program, which went into effect Aug. 19, 2020, will give eligible customers options, including deferring loan payments. The program is slated to end Sept. 19, 2020 and includes 27 Iowa counties.

"OneMain was built on the premise of helping people in difficult situations, and we are sympathetic to the hardships our customers in Iowa are facing as a result of this storm," said OneMain Senior Managing Director Gary Fulk, who oversees branches in Iowa. "We want to help affected customers and encourage them to contact us if they need assistance with their loans."

OneMain has 14 branches in the state, employing almost 50 people. It services 20,000 customer accounts with outstanding receivables of more than $162 million in Iowa.

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.

For more information, customers should visit OneMainFinancial.com or call 844-791-3990 to discuss assistance options.

About OneMain Financial

OneMain Financial (NYSE: OMF) has been offering responsible and transparent loans for over 100 years. With more than 1,500 locations throughout 44 states, the company is committed to helping people with their personal loan needs. OneMain and its 9,000 team members are dedicated to the communities where they live and work. For additional information, please visit OneMainFinancial.com.

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CONTACT: Lauren Davis 812-492-2753 Lauren.davis@omf.com