Many people respond with 3 words: “Genus debt consolidation” when asked about how they emerged from a challenging debt situation. And here’s why: a Genus debt consolidation loan, administered by Genus Credit Management, provides borrowers with a single loan that is used to wipe out existing debt. Since the new Genus debt consolidation loan is pegged at a lower interest rate than the debt it destroys, borrowers pay less interest, and use that saved money towards the new loan’s principal.
Borrowers who appreciate the value of a Genus debt consolidation solution, however, are often referring to the larger scope of services offered by Genus. While most people who work with Genus do in fact access some form of Genus debt consolidation loan, they also experience Genus well known advocacy and support services.
These support services help borrowers renegotiate more competitive interest rates with existing debt (such as credit card debt), while also delivering invaluable education and guidance with respect to long-term debt management. In this way, while many people answer “Genus debt consolidation” when asked how they escaped a debt nightmare, they’re often referring to the overall Genus experience which goes well beyond the single Genus debt consolidation solution.
It’s important for borrowers to bear in mind, however, that “Genus debt consolidation” is not synonymous with being “debt free”. Indeed, a Genus debt consolidation loan replaces an existing loan with a new one; as such, debt will still exist.
However, instead of being trapped beneath that debt, those who choose a Genus debt consolidation loan will have a bonafide plan of action (facilitated by Genus counselors) that will see that loan reduce month after month.
In just a few years (or perhaps sooner), borrowers could find themselves entirely debt free; and probably saying “Genus debt consolidation!” every time someone asks them how they survived their debt predicament.