Credit One Financial Solutions Launches Marble Arch Home Loans, Offering Responsible Consumers a New Debt Consolidation Solution

Business Wire, Dec 19, 2007

Home Equity Loans and Lines of Credit Offer Lower, More Competitive Interest Rates

Credit One Partnering with GB Mortgage, Subsidiary of Guaranty Bank

NEWARK, Del. -- First graph of the release should read: the financial services company formed in October 2006 (sted the financial services company formed in October 1996).

The corrected release reads:

CREDIT ONE FINANCIAL SOLUTIONS LAUNCHES MARBLE ARCH HOME LOANS, OFFERING RESPONSIBLE CONSUMERS A NEW DEBT CONSOLIDATION SOLUTION

Home Equity Loans and Lines of Credit Offer Lower, More Competitive Interest Rates

Credit One Partnering with GB Mortgage, Subsidiary of Guaranty Bank

Fast-growing Credit One Financial Solutions (www.creditonefs.com), the financial services company formed in October 2006 by five former MBNA executives, announced today it has added an extensive suite of home loan options - including home equity loans and lines of credit - to its portfolio of debt consolidation solutions for consumers with good credit and a history of paying their bills on time.

Jointly owned by Credit One and GB Mortgage, Marble Arch Home Loans (www.marblearchhomeloans.com) will offer consumers looking to consolidate their debt a range of competitive home loan products. Home equity loans and lines of credit typically offer interest rates that are lower than those offered through credit cards, a common method of debt consolidation, and the interest paid can usually be tax deductible.

"Our goal is always to put our customers in a better place financially, whether that be with a Credit One personal line of credit or a Marble Arch home equity loan," said Jeff Hitchens, Director of Marble Arch Home Loans. "We believe we are uniquely positioned in the marketplace because our Individual Credit Planners work one-on-one with customers to tailor the optimal debt consolidation solution."

With its investment in Marble Arch Home Loans, Credit One is now able to offer a full spectrum of debt consolidation solutions that offer advantages over the more common consumer practice of transferring debt to a new credit card, said Credit One CEO Joe DePaulo.

"Customers now have several options to meet their immediate cash flow needs as well as their long-term debt consolidation goals," he said.

The personal line of credit solution almost always leaves consumers with more money available to them at the end of the month and offers a solution that gets them out of debt faster than a credit card, which can take a long time to pay off, DePaulo said.

Although APR's on unsecured lines of credit are typically lower than credit cards, home equity loans usually have the lowest rates available.

"That's where the Marble Arch home equity loan comes in," DePaulo said. "We can now offer customers the option of using the power of their homes to get the most competitive rates available."

"GB Mortgage's mission as a leading national lender is not only to provide top quality service, but also to empower our clients with the technology, innovation, and access needed for high demand products," said Craig Kouba, President of GB Mortgage. "With all of the upheaval in the mortgage industry recently, GB Mortgage is pleased to partner with a company that shares our commitment to doing things the right way and focusing on what's best for the customer."

Marble Arch Home Loans will feature:

* Low introductory rates starting below Prime

* Home Equity Loans and Lines of Credit

* Possible tax deductibility for interest paid (consumers should consult their tax advisor)

* A Rate Lock Option that safeguards against volatile economic conditions with the option to stay with a variable, interest-only payment, or the flexibility to lock a portion or all of the loan balance at a fixed rate at anytime

* No closing cost options

About GB Mortgage

GB Mortgage LLC, (an Illinois Limited Liability Company) is a wholly-owned subsidiary of Guaranty Bank, FSB of Milwaukee, WI. GB Mortgage works with an extensive network of third party originators who provide consumer direct lending. With locations throughout the country, GB Mortgage continues to grow and currently serves more than 5,000 independent mortgage brokers and bankers.

About Credit One Financial Solutions

Credit One Financial Solutions (www.creditonefs.com) is a consumer lending business that delivers debt consolidation in the prime credit market. Headquartered in Newark, DE, Credit One Financial Solutions offers a suite of debt consolidation products, led by an unsecured personal line of credit, to a wide range of qualified customers.

Credit One is a member of GB Mortgage and has an ownership interest in the operating division of GB Mortgage doing business as Marble Arch Home Loans.