Mike Marrandino, CEO of Marble Financial speaks on the company’s proprietary, one-stop online lending and credit rebuilding solution.
“In 2018 there were over seventy thousand Canadians who filed a consumer proposal with the Office of Bankruptcy in Canada.Marble Financial has developed a proprietary dashboard to help Canadians build and rebuild their credit. Our focus has been on those individuals who have gone through a life event which has caused them to enter into a soft bankruptcy or otherwise called a consumer proposal.In our dashboard, we include a free credit score in order to see how their credit rebuilding strategy is working. We also have a real time budget app. The app will monitor and update you to your spending relative to the budgets you’ve established.Our last product is our secure portal where we enable partners to refer their clients either to apply for a loan or use one of our credit rebuilding products.No other company in Canada offers Canadians an unsecured loan to discharge their consumer proposal. You may ask, why is that unique? An individual will take up to eight years to rebuild their credit where we can achieve the same level of mainstream banking in less than half the time that a traditional consumer proposal can.” – Mike Marrandino, CEO of Marble Financial
More on Marble Financial
Marble was formed to leverage fintech to bring socially responsible lending practices to a wide audience of qualified residents of Canada – specifically, individuals whose poor credit rating makes it difficult to access traditional sources of financing such as banks, credit unions and trusts companies.A poor credit score can limit an individual’s ability to not only secure credit cards or bank accounts but can also make it difficult for people to get a mortgage, buy a car, rent an apartment, or other such activities. It can take a very short period of time for someone to damage their credit score and the results of these actions can have long-term implications – up to seven years.Marble has developed a one-stop online lending and credit rebuilding solution by combining its proprietary, scalable, loan application and debt management platform (the “Marble Platform”) with a fund management business model for discharging of Consumer Proposals and credit rebuilding.Marble’s focus is the credit rebuilding space, specifically working with consumers who have entered into a consumer proposal as a solution to manage their debt levels.Marble differentiates itself from other online/mobile or debt settlement companies operating in Canada by focusing on customers who have completed a government regulated debt settlement process by filing a Consumer Proposal through a Licensed Insolvency Trustee to settle their debt obligations and are interested in a credit rebuilding strategy in order to return to an industry standard credit score on their credit report.For more information MLI Marble Lending Inc. (MRBL:CSE) please fill out the form below.