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Pay off your consumer proposal, boost your credit score by up to 70 points - Claim this offer

Marble Fast-Track Review 2022

  • Start your journey to better credit
  • Exit your consumer proposal
  • Instantly increase your score 30 to 70 points

Pay off your consumer proposal, boost your credit score by up to 70 points - Claim this offer

In this day and age, every business owner (as well as homeowners, and anyone with a social security number) should be concerned about their credit scores. It used to be quite difficult to improve low credit scores once the damage had been done. And some people don’t have access to certain credit improvement methods (like credit cards or credit lines).

Luckily, it’s not difficult to repair damaged credit scores because of Marble’s Fast-Track service. What is Marble Fast-Track, and is it worth paying for? We’ll tell you everything you need to know in our comprehensive Marble Fast-Track review.

What is Marble Fast-Track?

Of course, if you’re reading this Marble Fast-Track review then you’re curious to know what it is. Don’t worry, we’ll explain what it is and how it works in our Marble Fast-Track review.

Marble Fast-Track is a loan that helps you pay off your consumer proposal. Consumer proposals are a government program designed to pay off debt, where a trustee pays off your debt and then you pay the trustee off over time. Marble essentially does the same thing, but instead of paying off a trustee you pay off Marble. Many people would rather deal with Marble than the government’s bureaucracy and red tape, so it’s an attractive option for a lot of people.

What is a Consumer Proposal?

We gave you a brief description of consumer proposals in the previous section of our Marble Fast-Track review, but we want to elaborate a bit.

Consumer proposals are for people facing insolvency, or the inability to pay off their debts. Unfortunately, insolvency is becoming more and more common, especially since the Covid-19 pandemic. This government program is designed to help eliminate debt, which eventually improves credit scores over time.

A trustee helps you draft a proposal and submits it to your creditors. If they accept it, then they’ll stop collecting debt and garnishing your wages immediately, and you won’t be charged any late fees.

All of your debt will be combined into one monthly payment. You typically have about 5 years to pay off your debt using this program. The debt stays on your credit report for a whopping 3 years after it’s been paid off. Typically after that you can begin work to repair your credit score.

Why is Fast-Track Better for Your Credit Score?

If you’re reading this Marble Fast-Track review and wondering how this loan will help improve your credit score any more than a consumer proposal, allow us to explain in this section.

Consumer proposals instantly drop a credit score to an R7 rating, which denotes a consumer proposal or bankruptcy. This can last on your credit report anywhere from three to eight years after the proposal has been paid off. Why or how does this affect customers?

First of all, consumer proposals on your credit report are a public affair. This means that potential employers, business partners, landlords, creditors, and lenders such as major banks can see that you’ve struggled with serious debt—and might not approve rent agreements or loan requests at affordable interest rates, costing you thousands each year. For example, most banks won’t lend to people in a consumer proposal.

This can be challenging if you lack the funds to pay off your monthly consumer proposal payments. Several missed payments mean that you default on it and must file for bankruptcy. And so the debt cycle continues. Having a bad credit score can be just as expensive, money-wise, as the actual cost of paying off a consumer proposal. This may mean that you have to get an unsustainably high-interest loan or that you can’t get a good credit card interest rate.

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Is Marble Fast-Track Legit?

Of course, an important part of this Marble Fast-Track review is letting you know whether Marble is a legitimate business and whether they have any guarantees.

The short answer is yes, Marble is a legitimate business. And they back their Fast-Track service up with a guarantee. If you have a subprime credit score (between 580-670) and you use their recommendations only to see that your credit score doesn’t improve, they’ll help you improve your credit score by 100 whole points for free- no matter how long that takes. You don’t see this sort of guarantee often, so when we were delighted when we read about it while writing our Marble Fast-Track review.

Marble’s History and Reputation

Many people will read this Marble Fast-Track review to find out more about the company before making any purchasing decisions, which makes good sense. We’ll tell you a bit about the history of the company so that you can get a better idea about the company.

Marble Financial Inc. was established in 2016. Their goal was to help people with low credit scores and not enough money to cover their debts. Marble holds an A+ rating on BBB and 4.5 stars on Google Reviews.

In 2021, Marble reported that it reached a 20,000 member goal. This is likely due to the fact that the Covid-19 pandemic has left many people facing debt and bad credit.

Apr 22 2021 Marble Financial 728X90 Comparewise - Comparewise

Who is Marble Fast-Track For?

If you’re wondering if Marble is right for you, don’t worry. We’re not going to give you blanket statements like “Marble is a great choice for everyone!”. We’ll tell you about who would benefit the most from this service in our Marble Fast-Track review.

Marble Fast-Track is best suited for Canadians who have already faced insolvency, and are currently participating in a consumer proposal program. You have to be a year into your consumer proposal (but they prefer 18 months or more).

Unfortunately, they can’t help anyone who has a consumer proposal balance of more than $15,000. You also have to have a credit score minimum of 300.

It’s also worth mentioning in our Marble Fast-Track review that you’re required to have a stable income source, an active checking account, and no payday loans that are currently active to qualify for a Marble Fast-Track loan.

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Features of Marble Fast-Track

We can’t do a proper Marble Fast-Track review without discussing all of its features. Here are the features included with a Marble Fast-Track loan:

  • Apply online: You don’t have to go to an office or even get dressed to apply for this loan. You can apply online, and you can typically complete the application in less than 15 minutes.
  • Monthly payments you can afford: Payments are tailored to suit your budget, so making your monthly payment is easy.
  • Improved credit score: By using Marble Fast-Track to pay off your consumer proposal, you’ll get an immediate credit score boost. And Marble will continue improving your score by reporting your payments to credit score agencies.
  • Great customer service: You’re assigned a dedicated agent, and they’re able to learn about you and your situation so they can better serve you.
  • Collateral isn’t required: Many loans require you to put up collateral, like your vehicle or home. But, while we were researching for this Marble Fast-Track loan, we found that collateral isn’t required.
  • Bad credit isn’t a problem: Most of the time, if you have bad credit, you can’t get a loan from anyone. But because Marble Fast-Track loans are designed to improve credit scores, bad credit scores aren’t a problem.
  • The interest rates: They offer one of the lowest consumer proposal exit loan rates in Canada so consumers won’t likely be able to find it lower. They offer it at the lowest rate physically possible. They’re somewhere between 18.99%- 29.99%.

What Documents and Information are Needed?

If you’re reading this Marble Fast-Track review with the intent of signing up for a loan, then we’ve got you covered. Here’s a list of the documents and information you should have ready when you apply:

  • Government issued ID: Photo ID (passport or driver’s license)
  • Proof of address: This can be accomplished with a cell phone or utility bill.
  • Proof of income: Pay stubs or letter of employment
  • Bank statements: Marble needs your bank information to set up automatic payments, as well as to get a feel for your current financial situation.
  • Consumer proposal information: You’ll need to give Marble information about your consumer proposal, so you’ll need to get a payout letter and a current payment schedule from your trustee.

How to Apply for a Marble Fast-Track Loan

If you’re reading this Marble Fast-Track review and wondering just how difficult it is to complete the loan application process, then the good news is that it’s relatively simple. But to take the guesswork out of the process, we’ll walk you through how to apply for a Marble Fast-Track loan.

  1. Click here to go to MyMarble. From there, you can select “Fast-Track loan” and then click the “Apply Now” button.
  2. You’ll need to create an account with MyMarble. This requires entering your full name and email address and creating a password.
  3. Log into your MyMarble account and then start filling out the application. The first section will require you to provide Marble with various bits of information like your personal details, as well as proof of ID and other documents that were listed in the previous section of out Marble Fast-Track review.
  4. Answer several pre-qualifying questions. Some of these include whether you’ve taken out a payday loan during the past 6 months, if you’ve had any NSF charges on your existing debts, and whether you’re up-to-date on your consumer proposal payments.
  5. After you’ve filled the application out and answered the pre-qualifying questions, review and submit your application. Marble will typically provide you with a loan offer in about 24 hours after they’ve received your application.
  6. Verification and negotiation: After Marble sends you a loan offer and find out whether you meet their eligibility requirements, you can verify your loan application and then negotiate the terms of your loan.
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What Happens After You Get the Loan?


Getting the loan isn’t the only thing you need to do in order to improve your credit score. In this section of our Marble Fast-Track review, we’ll explain the steps you need to take AFTER you get the loan.

Of course, one of the things this loan should do is pay off your consumer proposal and clear you of any debt. But you now have two goals: to improve your credit score, and to keep yourself debt-free.

You’ll need to talk to your Marble advisor to establish a repayment plan that matches your financial situation. It’s a good idea to make a note in your Google calendar so that it will notify you on your phone or on your computer when a payment is due. Payments are taken out of your bank account automatically, so you’ll want to prepare for that.

One of the most important notes we can make in this Marble Fast-Track review is that you don’t want to miss a payment to Marble. Missing payments can lower your credit score, and that’s pretty counter-productive because the purpose of Marble Fast-Track loans is to improve your credit score.

Pros of Marble Fast-TrackCons of Marble Fast-Track
+ Improves your credit score
+ Affordable monthly payments
+ No collateral required
– Loan limit of $15k
– No notifications for automatic payments

The Drawbacks of Marble Fast-Track Loans

Our goal is to produce an unbiased Marble Fast-Track review, so we don’t want to only tell you about the good aspects of this company and their services. In this section we’ll tell you about the drawbacks of Marble Fast-Track loans, as well.

Limitations: $15,000 is typically the maximum amount you can get on a Fast-Track loan. It’s also worth noting that Marble won’t give you a loan to cover more than your consumer proposal. So if your consumer proposal balance is $9,000, you’re not going to qualify for a $15,000 loan.

Hidden Fees: You’ll quickly learn that Marble Fast-Track loans come with lots of strings attached. Administrative and legal fees can run you anywhere from an additional $295-$1,500. How much you pay in fees is dependent on your loan amount. There’s also an option to get a preventative insurance in case you default on your payments, and of course this adds another fee to your payments.

Automatic withdrawls from your bank account: Each month, payments will be taken out of your account. You aren’t sent a notification and told that it’s time to make your payment; it’s just made. So we feel the need to point out in this Marble Fast-Track review that you’ll need to be vigilant about keeping the funds in your account to accommodate these payments.

Marble Fast-Track Review Conclusion

Marble Fast-Track loans are a great option for Canadians with a consumer proposal looking to improve their credit to get a car, mortgage, etc. We found lots of positive aspects of this service while writing this Marble Fast-Track review.

Fast-Track loans have drawbacks, as well. The high interest rates, loan limits and automatic payment withdrawls from your bank account can even be enough to turn some customers off from these loans entirely, which is quite understandable. But if you need the added assistance to improve your credit score after paying off your consumer proposal, as well as low repayments that meet your budget needs, then we feel that Marble Fast-Track is the best way to go. Thanks for checking out our Marble Fast-Track review!

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FAQ's about Marble Fast-Track

What is Marble Fast-Track?

Marble Fast-Track is a loan that helps you pay off your consumer proposal. Consumer proposals are a government program designed to pay off debt, where a trustee pays off your debt and then you pay the trustee off over time.

Who is Marble Fast-Track for?

Marble Fast-Track loans are a for people who want a way to pay off a consumer proposal while improving their credit. We found lots of positive aspects of this service while writing this Marble Fast-Track review.

How do I get started with Marble Fast-Track?

Log into your MyMarble account and then start filling out the application. The first section will require you to provide Marble with various bits of information like your personal details, as well as proof of ID and other documents.

Is Marble Fast-Track legit?

The short answer is yes, Marble is a legitimate business. And they back their Fast-Track service up with a guarantee. If you have a subprime credit score (between 580-670) and you use their recommendations only to see that your credit score doesn’t improve, they’ll help you improve your credit score by 100 whole points for free- no matter how long that takes.

Can Marble Fast-Track improve my credit score?

Essentially, if you’re on a consumer proposal and unable to pay it off for an extended period of time it can wreck your credit score. Unfortunately, trustees don’t report your payments to credit score agencies, which means that these payments don’t improve your credit score for several years (up to eight!).

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Marble Fast-Track Review 2022

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February 16, 2022
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