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 proactive credit rebuilding strategy in order to return to an industry standard credit score on their credit report.