Marble Reviews, Ratings And Fees October 2021

Based on 5
Customer Reviews
ADDRESS
World Trade Centre, Suite 409-999 Canada Place
Vancouver, British Columbia
V6E 3Z2
BUSINESS HOURS
  • Monday to Friday  9 am-5 pm (PST)
WEBSITE
PROVIDER DETAILS

Who Is Marble

Marble Financial is a company that was established in 2016. It is comprised of financial technology experts whose goal is to empower Canadians and help them reach their optimal financial health. Through their MyMarble platform, Marble Financial offers Canadian’s solutions that can help them rebuild their credit.                                                                                

What Is MyMarble?

MyMarble is a financial wellness platform that uses AI to provide recommendations and plans to help you take action to improve your financial health. MyMarble’s recommendations are personalized and data-driven which means that they will accurately fit your lifestyle. This, in turn, will empower you to follow your step-by-step financial plan and see real improvements in your financial health. Based on your unique financial journey and your goals, you can choose the MyMarble Community or MyMarble Premium plan. 

Learn From Marble – Financial Literacy Platform

Maestro is a free online platform where you can access different courses that can better your financial understanding. There are 25 modules that will help you learn about major financial topics such as budgeting, debt, and credit. Moreover, all the material was designed with the consumer in mind and offers practical skills that you can apply in real life. 

MyMarble Premium’s Point Deduction Technology

Point Deduction Technology is available to those consumers who choose to sign-up for MyMarble Premium. MyMarble Premium combines an AI-driven solution that provides personalized recommendations to specifically help you improve your credit score. Machine learning, AI, and Point Deduction Technology© are used to create a personalized and accurate path to success, that allows you to reach your credit goals, whatever they may be.

Fast-Track Consumer Proposal Exit Loan

Marble also offers debtors the opportunity to exit their consumer proposals with a FastTrack loan that can put them back on the path toward a brighter financial future and a better credit score. Their FastTrack loan is meant to help you exit an active consumer proposal by financing your payments as early as possible. In fact, their goal is to get you debt-free within 24 months. Moreover, the Fast-Track Loan comes with interest rates between 18.99% to 24.99% and they help you manage any legal documentation.

To qualify for Fast-Track, you need: 
  • To be the age of majority in your province (18-19+)
  • Government-issued ID 
  • Proof of steady employment and income (paychecks, etc.)
  • At least 12 months of good repayments listed on your credit history
  • Most recent bank statements
  • Your proposal’s schedule and payout details (from an Insolvency Trustee)

The Secured Future Credit Plan

The Secured Future Credit Plan is not a cash loan – it’s a savings program and a tool to help improve credit. This program is designed with the consumer in mind It has created a credit improvement solution that is not only affordable but also helps you save some cash. With the Secured Future Credit Plan, the monthly payments you make will be reported to both the credit bureaus (Equifax & TransUnion), which in turn will help improve your credit. 

Moreover, each payment you make will be contributing towards building your own savings fund. By the end of the program, you’ll have saved up $2,000 or $3,000 cash (depending on the saving option you choose), which you can withdraw with no fuss. 

T&Cs apply. Find out more at MyMarble

The Secured Future Credit Plan Features
Saving Options$2,000 or $3,000
APR23.0373% – 27.3390%
Term36 Months
Fees$400 – administration fee
Eligibility Plus Documents Required– Must be a BC or  Ontario resident 

– Must be the age of majority in your province

– Must have a government-issued ID

The Secured Future Credit Plan Example
Unsecured Loan Amount$2,400$3,400
APR (Includes $400 administration fee)27.3390%23.0373%
Term 36 months36 months
Monthly Payment$82.01$116.19
Total Saved$2,000$3,000

How To Qualify For MyMarble?

MyMarble is an online platform that is available to all Canadians excluding Quebec. You must be the age of majority or above in your respective province or territory. 

How Much Does MyMarble Cost? 

MyMarble has two different plans to choose from. You can sign-up monthly, or for 3 months (save 10%), 6 months (save 15%), or 1 year (save 25%). You can find more about pricing at mymarble.ca.

  • Freemium – Free
  • MyMarble Premium (Includes Point Deduction Technology) – $29.99

What’s The Difference Between The MyMarble Premium Plans? 

Regardless of where you are in your financial journey, MyMarble has a plan that can help you achieve your financial goals. Choose between the MyMarble Community and MyMarble Premium plans. Each of these options includes access to Learn from Marble, Explore & Learn, your credit score and summary, a budget analysis, and credit and banking insights. 

MyMarble Community – Free

Get inspired, feel empowered and share your experiences with the MyMarble community. Gain access to your credit score, receive a breakdown of your monthly income and explore your recommendations to help you improve and understand your finances. Begin by taking our quiz, access your personalized journey with Explore, and improve your financial literacy with Learn from Marble. The Marble Community is here whenever you need us.

Premium – $29.99 per month 

With the MyMarble Premium Plan, you’ll have access to advanced recommendations which will help you reach your goals in the quickest way possible. You’ll also get access to our Point Deduction Technology© to help you improve your credit score. The goal of this technology is to make sure you work within your budget and lifestyle to create a target credit score that is attainable to achieve based on your credit history and financial plan. 

Point Deduction Technology©, Points and Budget Simulators are used to analyze your credit report to create a fast and clear path to build your credit score. Real-time recommendations can be used to change your financial habits and help positively affect your credit score. With MyMarble Premium you will also gain access to your credit report.

What Positive Features Does MyMarble Have?

Here are a few positive things MyMarble has to offer:

  • The MyMarble Dashboard – Where you’ll find everything you need to achieve your financial goals. You connect your bank account and choose between the four Premium Plans and then gain access to the tools you need to improve your credit and overall financial health.
  • AI technology – Regardless of the plan you choose, MyMarble’s AI technology provides you with monthly reports, helps you track your historical spending trends, and even allows you to track your monthly credit score. Furthermore, based on the plan you choose (MyMarble Community or Premium) you will receive recommendations (Beginner or Master) for steps tale to improve your finances and reach your goals.
  • Point Deduction Technology – If you choose the MyMarble Premium Plan you will have access to their point deduction technology. This not only provides you with your credit score but gives you personalized advice on how to build your credit score point by point. You’ll have a clear path to follow, be provided with specific recommendations, and be able to track your progress so you can see how your actions are benefiting your finances.

What Are The Benefits Of The Learn From Marble Courses?

  • Online courses – With any MyMarble plan you’ll have access to online courses that focus on personal finance topics, debt, credit, budgeting, planning for your future and handling money stress. 
  • Quizzes – Each of the 25 different modules have quizzes to test what you’ve learned.
  • Expert information – The Learn from Marble courses have all been designed by personal finance experts with years of experience in the industry.

What Are The Benefits Of Fast-Track?

  • Exit your consumer proposal early – MyMarble’s Fast-Track loan allows consumers to pay off their consumer proposal sooner than expected.  Interest rates are lower than average (18.99% to 24.99%) and they are there to help with every step of the process including managing legal documentation. 
  • Get back to mainstream banking – When you exit your consumer proposal you can start improving your overall financial health which means that you’ll be able to get approved at major banks and credit unions if you require access to new credit and loans.
  • Start improving your credit score – A consumer proposal greatly affects your credit score. Exiting it sooner rather than later means you can start working toward improving your credit right away.

Marble Financial FAQs

How does MyMarble work? 

The first step to beginning your journey with MyMarble is to sign-up, choose a pricing plan that suits you and connect your primary bank account. You will then gain access to an overview of your monthly spending habits, trends and your credit score. Artificial intelligence and data-driven technology will analyze your personal banking data to provide you with specific recommendations on how you can improve your bottom line. You can view the breakdown of how you are spending your income, and how much of it you are spending on your fixed expenses, flexible expenses and debt payments.

I Signed up for Score-Up last year. Is it different now? 

Kind of! Score-Up technology is now included in the MyMarble Dashboard Premium Plan. So not only can you access Score-Up’s powerful point deduction technology, but you now have access to all the awesome features included in the MyMarble Dashboard as well.

How much does MyMarble Premium with Point Deduction Technology Cost? 

Point Deduction Technology is included in the MyMarble Premium Plan and costs $29.99 + tax a month. MyMarble accepts payment via credit card, visa debit card, and direct debit.

How does a consumer proposal work?

Once you’ve found a Licensed Insolvency Trustee, they will reach out to your creditors and offer to settle your unpaid debts through a series of monthly installments over a maximum of 5 years. The creditors that hold majority shares of your debt will then have 45 days to accept or deny the proposal.  To qualify, you must have $5,000 – $250,000 of unsecured consumer debt that you cannot pay off using more conventional methods.

Does Marble offer cash loans?

No. Marble offers the Fast-Track product, which is only available for customers with an active consumer proposal. Fast-Track provides customers with a loan to exit their consumer proposal only. By exiting your consumer proposal, you can begin improving your credit score and overall financial health.  In addition, Marble offers The Secured Future Credit Plan, which is not a cash loan, but a credit improvement tool and a savings program rolled into one. You make your monthly payments to us, which we will report to both credit bureaus TransUnion & Equifax. At the end of the program, if you make positive payments, you will have an improved credit score alongside savings. 

How can someone apply for the Fast Track Loan? 

As mentioned, you must be in an ongoing consumer proposal to qualify for a Marble loan. This is a legally binding debt consolidation procedure that can only be administered by an officer of the court, known as a Licensed Insolvency Trustee.  If that’s the case for you, simply fill out a 15-minute application through their web portal. They also have a head office located in downtown Vancouver, as well as a call centre and online messaging available during typical weekday business hours.  

What does MyMarble Premium offer?

With the MyMarble Premium Plan, you’ll have access to the Beginner, Intermediate, and Advanced recommendations which will help you reach your goals in the quickest way possible. You’ll also gain access to our Point Deduction Technology© to help you improve your credit score. The goal of this technology is to make sure you work within your budget and lifestyle to create a target credit score that is attainable to achieve based on your credit history and financial plan. Point Deduction Technology©, Points and Budget Simulators are used to analyze your credit report to create a fast and clear path to build your credit score. Real-time recommendations can be used to change your financial habits and help positively affect your credit score. You will also gain access to your credit report and track errors and omissions on it too. 

Who is MyMarble Community best suited for? 

The MyMarble Community is best suited for consumers who are curious about starting their financial journey and are ready to learn, explore and discover more about their financial goals. With MyMarble Community, you’ll receive Beginner Recommendations to help you understand your finances and how MyMarble can help you.
Services

Offered Services

scroll table
Loan Range
Rate & Terms
Product Details
Eligibility
Requirements & Documents

The Secured Future Credit Plan

  • $2,400 or $3,400
Interest Rate
  • APR: 23.0373% – 27.3390%
Term (Months)
  • 36
Funding Time
Funding Method
Repayment Options
  • Must be a BC or  Ontario resident
  • Must be the age of majority in your province
  • Must have a government-issued ID

Fast-Track Consumer Proposal Exit Loan

Up to $20,000
Interest Rate
18.99% - 24.99%
Term (Months)
36 - 84
Funding Time
Funding Method
Repayment Options
  • Consumers must be in a consumer proposal
  • To be the age of majority in your province (18-19+)
  • Government-issued ID
  • Proof of steady employment and income (paychecks, etc.)
  • At least 12 months of good repayments listed on your credit history
  • Most recent bank statements
  • Your proposal’s schedule and payout details (from an Insolvency Trustee)
Product Details

Boost

Improve your credit score with a MyMarble subscription called Boost. When you subscribe to Boost, you'll enroll in a program where you'll make small monthly payments of $29.99 for 12 months. Each payment will be reported to the credit bureau, which will positively affect your payment history and thus your credit score. You'll also gain access to MyMarble Premium, which gives you access to advanced and personalized recommendations on how to build your credit, repay your debt and manage your budget.

MyMarble Premium – $29.99 per month

With the MyMarble Premium Plan, you'll have access to the Beginner, Intermediate, and Advanced recommendations which will help you reach your goals in the quickest way possible. You'll also gain access to our Point Deduction Technology© to help you improve your credit score. The goal of this technology is to make sure you work within your budget and lifestyle to create a target credit score that is attainable to achieve based on your credit history and financial plan. Point Deduction Technology©, Points and Budget Simulators are used to analyze your credit report to create a fast and clear path to build your credit score. Real-time recommendations can be used to change your financial habits and help positively affect your credit score. You will also gain access to your credit report and track errors and omissions on it too.

Community – Free

The Freemium option is best suited for consumers who are curious about starting their financial journey and want to know more about how they can start. With the Freemium Plan, you'll receive Beginner Recommendations to help you understand your finances and how MyMarble can help you. 
Reviews

Reviews & Ratings

Reviews From Experts

Marble Financial has a user-friendly website and is quite an accessible lender. There are plenty of ways to get in touch with it – a 1 800 number, email and contact form, chat service, Facebook messenger and an office in Vancouver. It has an active blog and a basic FAQ. The only area it’s lacking is in third-party website reviews.

Application simplicity

Reputation

User experience

Information and transparency

Accessibility

Written by: Sean Cooper
Posted on June 27, 2019

See what others have to say about Marble

Leon provided me with outstanding customer service. He took the time to communicate with me after hours. He answered all of my questions and provided ... read more

- Cathy M. (March 13, 2020)

Leon helped me all the way to make sure I will be approved, great experience, totally recommendable to those people wants to get away from consumer pr... read more

- John M. (September 18, 2019)

So happy l took the decision to call back Leon Bakalinsky and l was surprised l have a chance to pay off my CP instead of file a bankruptcy to solve m... read more

- ERICK ROJAS (August 15, 2019)

Leon helped me I was nervous in the beginning he was very knowledgeable and confident and had a fun personality made my experience less stressful and ... read more

- Tracey (August 13, 2019)

REVIEW THIS LENDER

Find Other Lenders In This Region

Filters

Loans Canada

Amount
Up to $50,000
Rate
2.00% to 46.96%
Term
3-60 months

Consumer Capital Canada

Amount
$500 - $12,500
Rate
19.99% to 34.99%
Term
No minimum term

Fairstone Financial

Amount
Up to $50,000
Rate
19.99% - 39.99%
Term
6 - 120 Months

LendDirect

Amount
Up to $15,000
Rate
19.99% - 46.93%
Term
No minimum term

Lendful

Amount
$5,000 - $35,000
Rate
Starting at 9.99%
Term
6 - 60 Months

LendingMate

Amount
$2,000 – $10,000
Rate
43%
Term
12 to 60 Months

Loan Away

Amount
Up to $5,000
Rate
19.9% to 45.9%
Term
6 - 36 Months

LoanMeNow

Amount
$500 - $1000+
Rate
28 to 32%
Term
3 Months

Mogo Finance

Amount
$300 – $35,000
Rate
5.9% to 47.72%
Term
3 - 60 Months

Spring Financial

Amount
Up to $15,000
Rate
14.99% to 46.96%
Term
6 - 12 Months

Review Widget

Want to show off your rating on your website? Copy the code below to embed our review widget on your website.

Marble Reviews on Loans Canada
Best Personal Loan Provider by Greedy Rates
Icon

Confidential & risk-free

All consultations and conversations with Loans Canada and its partners are confidential and risk-free. Speak with a trusted specialist today and see how we can help you achieve your financial goals faster. Loans Canada and its partners will never ask you for an upfront fee, deposit or insurance payments on a loan. Loans Canada is not a mortgage broker and does not arrange mortgage loans or any other type of financial service.

When you apply for a Loans Canada service, our website simply refers your request to qualified third party providers who can assist you with your search. Loans Canada may receive compensation from the offers shown on its website.

Only provide your information to trusted sources and be aware of online phishing scams and the risks associated with them, including identity theft and financial loss. Nothing on this website constitutes professional and/or financial advice.

Your data is protected and your connection is encrypted.

Loans Canada Services Are 100% Free. Disclaimer

Keep Track Of Your Credit Score

Subscribe with Credit Verify to monitor your credit rating and get your free credit score.