Genesis Lending Services Expands Options for Credit-Challenged Students in Educational Programs.

Expanding the Credit Spectrum in Financing Packages Allows Schools to Admit More Students

BEAVERTON, Ore. -- Genesis Lending Services, a subsidiary of Beaverton, Ore.-based Genesis Financial Solutions, Inc., announced today that it signed its 56th partnership with for-profit career colleges

Genesis Financial Services is a non-prime consumer lender. In educational lending it offers alternative and gap financing to student populations that do not qualify for traditional financing. Genesis partners with career colleges that offer certificate, 2-year associate and 4-year bachelor programs.

"We've created a group of products that serve the most credit-challenged applicants," said Brian Enneking, GLS President. "The demand for career training in the United States continues to increase, while the availability of government-backed loans and grants has remained constant or decreased. In many cases, individuals with poor credit make up the majority of schools' applicants, and don't qualify for most traditional lending programs."

Schools respond to Genesis products, according to Enneking, because the company offers reasonable pricing to students and works closely with schools and training providers to tailor lending programs to the schools' needs. Because of its experience in subprime markets, Genesis can accommodate students with poor credit or lower credit scores.

"As more and more student financing companies abandon lending programs targeted at near-prime and subprime students, we continue to grow and fill that void," says Enneking.

Genesis is a diversified financial services company with significant expertise and customized programs focused on subprime consumer lending and banking services. Genesis entered the student loan market in late 2003. The company's student loan products blend customer service with ongoing credit education. Genesis representatives spend a lot of phone time with student loan customers, explaining how their credit payments affect their loan and credit history. "Successful servicing is really borne out of educating consumers on how to manage their credit," Enneking says.

About Genesis Financial Solutions

Genesis Financial Solutions, of Beaverton, Ore., is a privately held diversified consumer financial services company that originates credit card accounts and consumer loans across the credit spectrum. Genesis also acquires performing and nonperforming consumer debt portfolios. Genesis' growth is realized through establishing partnerships with retailers, service providers and other lenders, as well as through direct marketing to consumers. Senior management has extensive consumer lending and banking experience, and bases decisions on sophisticated analytical systems and models.

Learn more about the company by visiting the Web site at www.genesis-fs.com.