Introducing Marcus

[hegemony]

https://www.marcus.com/

 

[hegemony]

^^

[Big Bear]

I wish they were more specific about the rate vs loan duration.

 

Also, the name of the service. Meh.

[mikeinrancho]

Just applied for a loan to pay off a couple of others.

 

Pulls Transunion, uses Fico 9 score. My FICO 8 is 745, FICO 9 is 780.

 

Various rates and terms, your choice, each increasing term length bumps up the interest rate. I went with 36 months, 7.99%. Goes as low as 5.99, up over 20%. Terms from 24 months to 60 months. You pick payment date. Quick approval, start to finish, 2.5 hours. Had to submit pay stub. Money will be transferred within 4 days.

[bigpoppa09]

Just applied for a loan to pay off a couple of others.

 

Pulls Transunion, uses Fico 9 score. My FICO 8 is 745, FICO 9 is 780.

 

Various rates and terms, your choice, each increasing term length bumps up the interest rate. I went with 36 months, 7.99%. Goes as low as 5.99, up over 20%. Terms from 24 months to 60 months. You pick payment date. Quick approval, start to finish, 2.5 hours. Had to submit pay stub. Money will be transferred within 4 days.

HP or SP?

[breeze]

Who qualifies? I didn't read it all, but it looks interesting for people with heavy debt at high rates. The usual pitfalls of consolidation loans - people tend to go right on charging once their cards are cleared up. Not judging, BTDT.

[althes]

Don't see a way to apply online.

Do you have to call in and apply.

[IndyPoolPlayer]

Not judging

 

[Big Bear]

Don't see a way to apply online.

Do you have to call in and apply.

You have to have a code, for now. So without one you'd need to sign up via email on the landing page.

[mikeinrancho]

 

Just applied for a loan to pay off a couple of others.

Pulls Transunion, uses Fico 9 score. My FICO 8 is 745, FICO 9 is 780.

Various rates and terms, your choice, each increasing term length bumps up the interest rate. I went with 36 months, 7.99%. Goes as low as 5.99, up over 20%. Terms from 24 months to 60 months. You pick payment date. Quick approval, start to finish, 2.5 hours. Had to submit pay stub. Money will be transferred within 4 days.

 

HP or SP?

Hard.

[mikeinrancho]

Who qualifies? I didn't read it all, but it looks interesting for people with heavy debt at high rates. The usual pitfalls of consolidation loans - people tend to go right on charging once their cards are cleared up. Not judging, BTDT.

 

Not worried about credit card run-up, only have one card with a small balance, and I've been down the credit hell road already, not going there again.

[hegemony]

http://www.businessinsider.com/goldman-sachs-marcus-ads-2016-11

[cv91915]

[hegemony]

https://www.fool.com/investing/2017/07/24/how-goldman-sachs-is-disrupting-this-1-trillion-in.aspx

[hegemony]

https://www.cnbctv18.com/finance/insider-qa-goldman-sachs-first-marcus-employee-speaks-3565111.htm

Goldman Sachs' first 'Marcus' employee speaks

[hegemony]

Goldman has lost $1.3 billion on its consumer bank

[Burgerwars]

2 hours ago, hegemony said:

Goldman has lost $1.3 billion on its consumer bank

I opened a small Goldman Sachs savings account when they were called GS Bank, so I could say I bank with Goldman Sachs. Changing the name to Marcus was a bad idea. Saying you bank with Marcus is like banking at a check cashing store.

Edited September 28 by Burgerwars

[Rogue]

4 hours ago, Burgerwars said:

I opened a small Goldman Sachs savings account when they were called GS Bank, so I could say I bank with Goldman Sachs. Changing the name to Marcus was a bad idea. Saying you bank with Marcus is like banking at a check cashing store.

As Marcus becomes more central to Goldman’s future, executives have discussed phasing out its name entirely, people familiar with the matter said.

[PotO]

1 hour ago, Rogue said:

As Marcus becomes more central to Goldman’s future, executives have discussed phasing out its name entirely, people familiar with the matter said.

 

Might not be a bad idea.  WTF wants to say, "I bank with Marcus"?  Sounds like the name of a neighborhood pimp.

[Burgerwars]

2 hours ago, Rogue said:

As Marcus becomes more central to Goldman’s future, executives have discussed phasing out its name entirely, people familiar with the matter said.

I think the opposite. Goldman Sachs sounds more New York/Wall Street like. It's like Jaguar motor cars renaming themselves Fluffy the Kitty Cat cars.

[cashnocredit]

Whenever I hear the name "Marcus" I think of two people.

 

1. Marcus Lemonis of "The Profit"

2. Marcus Aurelius, Roman emperor who married off his 13 y/o daughter.

 

Goldman Sax doesn't come to mind.

[hegemony]

1 hour ago, cashnocredit said:

Whenever I hear the name "Marcus" I think of two people.

 

1. Marcus Lemonis of "The Profit"

2. Marcus Aurelius, Roman emperor who married off his 13 y/o daughter.

 

Goldman Sax doesn't come to mind.

it makes me of a long lost member of CB

[cashnocredit]

1 hour ago, hegemony said:

it makes me of a long lost member of CB

Forgot to mention, the groom was Marcus' brother.  Not exactly the star crossed Romeo and Juliet.