Provides Payment Relief Options to
Customers
Donates $1 Million to Support Frontline Health
Care Professionals and Community Food Banks
EVANSVILLE, Ind.--(BUSINESS WIRE)--
OneMain Financial, the country's largest installment lender to hardworking Americans with
nonprime credit, today announced a number of measures to support its customers and communities suffering from the
effects of the COVID-19 pandemic. These measures include payment relief options to borrowers, donating $1 million to
organizations supporting health care providers and food banks, and providing free K-12 educational tools for
families whose children are home while schools are closed.
“We have all been dramatically affected by this crisis,” said OneMain President and CEO Doug Shulman. “Many of our
customers and the communities we serve have been severely hurt by the coronavirus and its economic fallout. We are
committed to helping them get through this difficult period.”
Among the measures announced by the company:
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Offering reduced and deferred payment options for customers negatively impacted by COVID-19.
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Waiving late fees for payments due March 15 through April 30.
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Suspending credit bureau reporting for newly delinquent accounts in March and April.
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Contributing $500,000 each to the CDC Foundation Emergency Response Fund, which supports needs identified by the CDC in
responding to the public health threat posed by the coronavirus; and, the FeedingAmerica COVID-19 Respond Fund, which supports food banks across the country.
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Providing free interactive education starting next week on the OneMain website for K-12 students. These free
courses help kids get a head start on building financial knowledge while schools are closed through a range of
content from budgeting and saving to entrepreneurship and business skills.
About OneMain Financial
OneMain Financial (NYSE: OMF) has been offering responsible and
transparent loans for over 100 years. With over 1,500 locations throughout 44 states, the company is committed to
helping people with their personal loan needs. OneMain and its 9,700 team members are dedicated to the communities
where they live and work. For additional information, please visit OneMainFinancial.com.
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Howard Schloss
Howard.schloss@omf.com
202-236-5296
Source: OneMain Holdings, Inc.