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Marble Financial announces partnership with Magical Credit

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Marble Financial, through its proprietary technology solutions Fast Track Loan, Score-Up, and Credit Meds, guides its customers back to mainstream credit 50% quicker than traditional methods.

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Company: Marble Financial Inc
Website: http://www.mymarble.ca
Stock Symbol: CSE: MRBL
Date Published: Jan 28, 2020
Transcript: Available

Video Transcript:

I’m Megan Edwards for Investmentpitch Media

Marble Financial Inc., a financial technology, has partnered with Magical Credit, a leader in providing hassle-free short-term loans to customers online.

Marble Financial, through its proprietary technology solutions Fast Track Loan, Score-Up, and Credit Meds, guides its customers back to mainstream credit 50% quicker than traditional methods.

Magical Credit offer more than 15 types of short term loans, up to 60 months, designed for a range of financial needs such as medical, dental, legal, childcare and divorce expenses.

Urgent short-term loans from $500 to $20,000, can often be approved online the same day.

Natalie Bell, COO of Magical Credit, stated: "Magical Credit always looks for opportunities to help all of our applicants, even if they don't fit into our loan program. I'm sorry we can't help but here are some other options, is the best response. Partnering with Marble enables us to provide an alternative option to those looking to get their financial life back on track! What a way to start 2020!"

Rich Elliott, Director of Marketing at Marble Financial, added: “We are delighted to partner with Magical Credit to provide even more Canadians the opportunity to exit their consumer proposal and begin the journey in credit rebuilding. Magical Credit is a partner with like-minded goals and enthusiasm for digital innovation and financial technology as us, to help the credit challenged underserved Canadians needed financial assistance.”

Marble has developed a one-stop online lending and credit rebuilding solution by combining its proprietary, scalable, loan application and debt management platform with a fund management business model for discharging of Consumer Proposals and credit rebuilding.

The company provides qualified clients with the funds to discharge their consumer proposal which immediately results in a higher credit score on the client’s credit bureau report.

Going forward, as Marble reports client loan payments to the credit bureau on a monthly basis, the client sees additional improvement in their credit score.

If a person remained in a consumer proposal and continued to make the designated payments against this amount, rather than obtain a loan from Marble to discharge it, their credit status would continue to show as an undischarged consumer proposal until it was fully discharged, which could take up to 5 years depending on their payment terms.

During this time, a person would not be able to rebuild their credit score as quickly or effectively as with discharging their consumer proposal through a loan from Marble.

Since 2016, the company has empowered thousands of Canadians to a positive financial future and continue to establish ourselves as a leader in financial wellness.

The shares, which started trading on the CSE in March 2019, are currently trading at $0.18.

For more information, please visit the company’s website www.mymarble.ca, contact Mike Marrandino, Executive Chairman, at 855-661-2390 ext. 104, or by email ir@marblefinancial.ca.

I’m Megan Edwards for Investmentpitch Media