Marble Financial Review

Marble Financial Review Rating: 4.8/5

Staying on top of your finances is key to attaining financial freedom. However, it is easy to get confused about what you need to stay on top of your finances.

Fortunately, Canadians are lucky to have an AI-powered fintech company that helps you improve your overall financial health.

Marble Financial has been helping thousands of Canadians like you for over a decade with customized solutions on improving their financial wellness.

So whether you’re trying to stay out of debt, pay off a consumer proposal, improve your credit score, or reach any financial goal, Marble Financial has a personalized solution for you.

But what is Marble Financial? How does it work? Who can use Marble? What are the pros and cons of Marble?

Here I answer all the above and related questions to help you make the best decision.

What is Marble Financial?

Marble Financial is an AI-driven fintech company established in 2016 to help Canadians achieve long-term financial health.

With headquarters in Vancouver, Marble is the first and only fintech in Canada to offer AI-driven financial recommendations for different financial goals.

Thus, Marble acts as a personal finance trainer that proffers customized recommendations to individuals based on their unique circumstances.

In order to achieve its mission, Marble uses MyMarble as a platform for offering AI-driven financial recommendations alongside Maestro as a financial education platform.

Overall, Marble is consistent in providing innovative financial solutions towards improving the financial wellness of Canadians, which includes:

  • Credit monitoring
  • Consumer proposal loans
  • Budget analysis
  • Credit Score Point Simulator
  • Debt management

Subsequently, you will learn more about Marble and how it can help improve your financial situation.

How Does Marble Financial work?

As mentioned previously, Marble Financial uses MyMarble to offer AI-driven financial recommendations toward improving your financial wellness.

That said, MyMarble provides customized recommendations based on your situation. This means that you can easily spot what you need to do to improve your finances with real-time data at your disposal.

Interestingly, MyMarble recommendations are a step-by-step process you need to follow to improve your financial health.

However, depending on your financial situation, you will get beginner, intermediate, advanced, or master recommendations from MyMarble.

So after creating an account, you will be required to set your goal to get monthly practical recommendations that you can use to improve your overall finances and achieve milestones.

How Does MyMarble Work?

MyMarble collects your data and analyzes it using artificial intelligence to proffer practical recommendations for improving your financial health.

Thus, you’re required to signup or create a Marble account through which you can set your goals and describe your financial background.

That said, your dashboard contains your credit score, spending habits, breakdown of your debt payments, fixed and flexible expenses. This helps you stay on top of your budget and make the best of your monthly income.

Is Marble Financial Safe?

Yes. Marble is safe because it is regulated by top bodies such as the Canadian Lenders Association, the Canadian Lenders Association.

Also, Marble Financial has an A+ rating on Better Business Bureau (BBB).

Overall, you have nothing to worry about your personal information or credit card details on Marble.

Who Can Use Marble Financial?

Any Canadian resident (except Quebec) that reaches the age of majority can use Marble.

However, Marble is more suitable for Canadians looking to improve their budget, credit score, and debt management using data-driven insights.

Marble Financial Pros and Cons

Here are the pros and cons of Marble as of the time of writing this Marble Financial review;

Pros

  • Freemium access
  • Credit monitoring
  • Data-driven recommendations
  • Real-time budget analysis
  • Personalized solutions
  • Multiple financial solutions

Cons

  • High-interest rates on loans (18.99% to 24.99% APR)
  • Not available in Quebec

Marble Financial Plans

Marble Financial has four plans to accommodate individuals of all classes. These are:

  • Freemium
  • Basic
  • Pro
  • Premium

Thus, each Marble plan features a budget analysis, credit score and summary, credit and banking recommendations, and over 30 courses through Maestro on budget, credit, and debt management to help you achieve your financial fitness.

That said, let’s take a look at Marble’s plan one after the other:

1. Freemium Plan ($0/Month)

This free plan allows you to improve your credit score, stay on top of your budget, and reach your financial goals without breaking the bank.

Overview

  • Credit Score
  • Credit & Banking Insights
  • Budget Analysis
  • Beginner Recommendations
  • Financial Literacy Courses

Key Features

1. Credit Score

You will receive a free monthly report of your credit score from TransUnion credit score.

2. Budget Analysis

This plan allows you to receive a free monthly breakdown of your income, debt payments, fixed and flexible expenses based on your linked bank account.

Furthermore, you will receive data-driven recommendations on how to improve your budget, pay off your debt fast, and improve your credit score.

2. Basic Plan ($9.99/month)

Marble Basic plan is an advanced plan from the Freemium plan that charges $9.99 per month. However, you could save:

  • 10% for three months subscription
  • 15 for six months subscription
  • 25% for a yearly subscription

Overview

  • Credit Score
  • Credit & Banking Insights
  • Budget Analysis
  • Credit Score History
  • Financial Health Report
  • Beginner Recommendations
  • Intermediate Recommendations
  • Financial Literacy Courses

Key Features

1. Credit Health Report

Receive a monthly update on your credit health report to see what you need to do to improve your credit score.

2. Debt Health Report

Get a monthly report on what is affecting your debt, plus practical recommendations on cutting down your expenses to pay off your debt faster.

3. Monitor, Increase and Improve Your Credit Health

Finally, keep track of your credit score, increase and improve your credit health with personalized data-driven based on credit history and your connected bank account.

3. Pro Plan ($19.99/Month)

As the name implies, Marble Pro provides advanced and detailed recommendations on improving your financial health.

That said, the MyMarble Pro plan costs $19.99 per month, but you could save

  • 10% for three months subscription
  • 15 for six months subscription
  • 25% for a yearly subscription

Overview

  • Credit Score
  • Credit & Banking Insights
  • Budget Analysis
  • Credit Score History
  • Financial Health Report
  • Beginner, Intermediate and Advanced Recommendations
  • Financial Literacy Courses

Key Features

1. Advanced and Detailed Recommendations

Get advanced and detailed recommendations on how to increase your credit score, pay off your debt faster and enhance your financial wellness.

2. Increase Your Credit Score

Use data-driven customized recommendations to increase your credit score within your budget.

3. Credit Health Report

Get a real-time report on what is impacting your credit score with specific action insights on how to improve your credit score.

4. Debt Health Report

Know what is impacting your debt over time with a data-driven report plus practical recommendations on cutting down your expenses to pay off your debt faster.

5. Monitor, Increase and Improve Your Credit Health

Finally, check your monthly credit score, monitor your credit score, increase and improve your credit health with customized data-driven recommendations based on credit history and your connected bank account.

4. Premium Plan ($29.99/Month)

Stay on top of your finances with the Marble Premium plan that costs $29.99 per month. However, you could save:

  • 10% for three months subscription
  • 15 for six months subscription
  • 25% for a yearly subscription

Overview

  • Credit Score
  • Credit & Banking Insights
  • Budget Analysis
  • Credit Score History
  • Financial Health Report
  • Beginner, Intermediate and Advanced Recommendations
  • Financial Literacy Courses

Key Features

1. Exclusive Access to Premium Recommendation Technology

Get exclusive access to Marble’s exclusive AI-powered recommendations to pay off your debt faster, improve your credit score and manage your budget.

Thus, the MyMarble premium plan gives you advanced and customized recommendations that boost your confidence about your finance.

Furthermore, Marble’s advanced technology will analyze your banking information and credit report to provide action-driven insights on how to increase your score.

2. MyMarble Premium’s Point & Budget Simulators

Get access to MyMarble Premium Point Simulator to maximize your credit score up to 900.

Thus, the MyMarble Premium Point Simulator allows you to choose your target credit score,

Subsequently, the simulator uses your target credit score with your credit and banking insights to offer customized practical recommendations towards meeting your target score.

Similarly, the MyMarble Budget Simulator allows you to set a target budget for data generation using your credit and banking insights.

After that, the simulator offers customized practical recommendations towards increasing your credit score within your target budget.

3.  Track Credit Report Errors and Omissions

Ensure your credit score is always accurate by identifying any error in your credit report through your MyMarble dashboard.

4. Top Tier Master Recommendations

Marble’s master recommendations are comprehensive and detailed, helping you improve your credit score, budget and pay off your debt faster.

5. Monitor, Increase and Improve Your Credit Health

Finally, the MyMarble premium plan allows you to check your monthly credit score, monitor your credit score, increase and improve your credit health with personalized data-driven based on your credit history and your connected bank account.

Marble Financial Additional Programs

Besides the above programs, Marble also offers the following programs to help you achieve financial wellness:

1. Fast-Track Loan

Marble offers fast-track loans to help you rebuild your credit score by paying off your consumer proposal.

However, the maximum fast-track loan you can receive from Marble is $20,000. But you can receive more if you have a cosigner or assets.

That said, the interest rate is between 18.99% to 24.99%, with a 3-7 year payback period.

2. Secured Future Credit Plan

Build up your savings without impacting your card score. All you need is to make a deposit into a savings loan, and it will be reported to the credit bureaus, which in turn, build your credit.

Thus, each monthly payment helps you save more while building your credit.

3. Marble Learn

The last but not the least innovative product Marble offers is known as Learn. This platform provides more than 30 courses on budget, credit, and debt management to help you achieve financial wellness.

After completing all the courses and taking the quizzes, Marble will send you an e-certificate.

Marble Financial Review: My 5-Star Rating

Here’s how I arrived at the 4.8/5 star rating of this Marble Finacial review:

Feature Rating
Ease of Use*****
Plans****
Financial Products****
Affordability****
Customer Service*****

 

From the above table, you can see, Marble is doing well in most aspects, so the 4.8/5 rating is justified.

Thus, my Marble Financial review is positive, and I recommend Marble to anyone looking to achieve financial wellness cost-effectively.

How to Open a Marble Financial Account

Opening a Marble account is free, and it takes just 3 minutes.

However, you need to upgrade your account later to your desired plan to access advanced features.

Thus, below are the step-by-step processes of opening a Marble account.

  • Visit the signup page
  • Provide your full name
  • Enter your email address
  • Create a password
  • Verify your email address
  • Set your goal
  • Provide background information for a customized solution (such as your address and phone number)
  • Connect your bank accounts to the dashboard.

After that, MyMarble will handle the rest by using your information to provide personalized recommendations on how to improve your financial health.

READ MORE: Moka (formerly Mylo) Review

Verdict on Marble Financial Review

Staying on top of your finances has become easier with Marble’s AI-driven solutions.

Thus, you can now use data-driven insights to increase your credit score, improve your budget and pay off your debt in no time through Marble.

However, before opening a Marble account, ensure that it has the features you need to stay on top of your finances.

Overall, my Marble Financial review is positive, and I recommend it to anyone looking for an all-around fintech company to improve their financial health.

Finally, if you have any questions about this Marble Financial review, let me know in the comment section.

READ MORE: Borrowell vs Credit Karma vs Mogo Review

Share on facebook
Share on twitter
Share on linkedin