Most credit card and personal loan companies have an internal hardship program. On a hardship plan, lenders like OneMain will temporarily lower your interest rate for about 3-12 months. Sometimes, they may lower your payment as well. Obviously, your financial hardship must be compelling to qualify for the benefits.

OneMain might be able to lower your payment if you qualify for their hardship program. Credit Counseling (Debt Management Program) has had great success with lower payments with OneMain as well. A recent study shows that DebtWave Credit Counseling, Inc. lowered the average client's payment from $267 to $164. Not to mention, the average interest rate obtained during this 9 year period was 12.31%.

A hardship program through OneMain may reduce your interest rate for a temporary amount of time (3-12 months). Enrolling in a credit counseling program with DebtWave will likely reduce the interest until the account is paid in full.

The only way to get out of a loan with a OneMain is to get another personal loan to pay it off or pay the debt off on your own. Fortunately, Credit Counseling or a Debt Management Program can help restructure the payment and interest terms in your favor.