In a bold move to further its commitment to empowering Canadians, Canada's best-reviewed auto finance company Approval Genie announces the launch of its groundbreaking Approval Genie PaymentAssist Program. This initiative, the first of its kind in North America, is designed to offer direct financial assistance to clients struggling to meet car loan payments, providing a lifeline during these uncertain times. Put simply; if a client is concerned about making their next car payment, Approval Genie's PaymentAssist Program will cover part or all of the car loan payment, provided the client commits to working with the company's Credit Redevelopment Program Coordinator on a tailored financial restructuring plan.
TORONTO, Nov. 27, 2024 /PRNewswire-PRWeb/ -- Addressing the Education Gap: A New Approach to Financial Empowerment.
The Canadian education system has long been criticized for failing to equip students with essential financial literacy skills. As a result, many Canadians face significant challenges in managing their personal finances, making informed decisions, and understanding the impact of credit.
Recognizing this gap, Canada's best-reviewed auto finance company Approval Genie has taken it upon itself to educate its clients, ensuring they leave the Car Dealership with a clear understanding of how credit works and how their financial decisions shape their futures.
In a bold move to further its commitment to empowering Canadians, Approval Genie today announces the launch of its groundbreaking Approval Genie PaymentAssist Program. This initiative, the first of its kind in North America, is designed to offer direct financial assistance to clients struggling to meet car loan payments, providing a lifeline during these uncertain times.
Put simply; if a client is concerned about making their next car payment, Approval Genie's PaymentAssist Program will cover part or all of the car loan payment, provided the client commits to working with the company's Credit Redevelopment Program Coordinator on a tailored financial restructuring plan.
Supporting Canadians Through Challenging Times
The COVID-19 pandemic and ongoing economic uncertainty have placed immense pressure on Canadian households. With a track record of over 13 years as a trusted partner in auto financing and credit rebuilding and 8 Canadian locations, Approval Genie continues to stand by its clients with innovative solutions.
"Approval Genie has always been about helping Canadians overcome credit challenges and build brighter financial futures," said Ashish Bhattarai, Founder of Approval Genie. "The PaymentAssist Program is another way we're stepping forward to ensure our clients not only survive tough times but thrive in the long term."
A Revolutionary Financial Assistance Model
The PaymentAssist Program is designed to prevent car loan defaults while empowering clients to regain control of their finances. Here's how it works:
- Advance Notification: Clients anticipating difficulty making a payment notify Approval Genie at least three days in advance.
- Proof of Financial Hardship: Supporting financial documents demonstrate their inability to meet car loan payment obligations.
- Direct Payment Assistance: Approval Genie covers part or all of the car loan payment, provided clients commit to working with the company's Credit Redevelopment Program Coordinator on a tailored financial restructuring plan.
"No other company in North America offers a program like this," Bhattarai added. "This initiative reflects our dedication to both our clients and the financial institutions we work with. By helping clients avoid car loan defaults, we're fostering financial stability and supporting a healthier lending ecosystem."
A Win-Win Solution for Canadians and Lenders
The PaymentAssist Program benefits both clients and auto lenders, reducing delinquency rates while maintaining financial stability for borrowers. Complementing this initiative is Approval Genie's 12-Month Credit Rebuilding Program, which encourages clients to make consistent, on-time payments to improve their credit profiles and achieve long-term financial success.
Building a Stronger Financial Future for Canadians
Approval Genie's mission goes beyond financial services. By launching the PaymentAssist Program, the company is solidifying its role as a partner in financial empowerment and recovery, ensuring Canadians have the tools and support they need to build a brighter future.
For more information about the Approval Genie PaymentAssist Program or other credit rebuilding initiatives, visit approvalgenie.ca/payment-assist-program or contact [email protected]
About Approval Genie
For over 13 years, Approval Genie has specialized in helping Canadians with credit challenges secure auto loans and rebuild their credit. Known for its customer-first approach and innovative solutions, the company continues to redefine financial recovery and success in Canada.
Media Contact
Brad Bishop, Approval Genie, 1 613-695-7951 632, [email protected], approvalgenie.ca
SOURCE Approval Genie
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