In support, the firm’s borrower’s assistance program will provide relief to Texas, giving eligible customers in all Texas counties options, including deferring loan payments. The assistance is slated to end March 7.
“Recent severe weather events in Texas have caused individuals and families in the state to face extreme hardships and unexpected expenses,” said Brad Borchers, Executive Vice President at OneMain. “We understand this has affected many of our customers, and we want to work with them during this challenging time. Our company is committed to doing everything we can to produce the best results for our customers and providing options that set them up for success.”
Further enhancing its support for the cause, OneMain will also donate $50,000 to Texas food banks to help communities facing food insecurity due to the storms.
With 124 branches in Texas employing almost 800 people, OneMain services almost 200,000 customer accounts with outstanding receivables of $1.6 billion 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.