- Marble Financial (MRBL) has announced a new credit improvement service on its MyMarble platform
- Powered by FrontLobby, this service will empower MyMarble members to report their payment directly to credit bureaus
- FrontLobby is a rental reporting service whose mission is to empower the businesses and lives of landlords and property managers while enriching the lives of responsible tenants
- Marble Financial is a financial technology company that helps its customers in achieving longer-term credit health
- Shares in Marble Financial (MRBL) are steady, trading at $0.12 per share
Marble Financial (MRBL) has announced a new credit improvement service on its MyMarble platform.
Powered by FrontLobby, this service will empower MyMarble members to report their payments directly to credit bureaus such as Equifax and the Landlord Credit Bureau.
FrontLobby is a rental reporting service whose mission is to empower the businesses and lives of landlords and property managers while enriching the lives of responsible tenants.
In Canada alone, over 32 per cent of Canadian households rent their homes, and there are more than 30,000 property management businesses as of 2022.
This new service allows MyMarble members, of which half are renters, to build stronger “creditworthiness” by reporting rent payments that would positively impact their credit.
“Rent payments represent an important and underutilized criterion used by credit reporting agencies to perform a credit assessment and we are excited to now offer a credit improvement solution that leverages past rental records,” said Marble CEO Karim Nanji.
The service, combined with Inverite banking verification software, will also allow Marble’s channel partners to offer a unique product that not only instantly assesses their customers’ financial standing but also provides additional solutions to improve their overall credit.
“Historically, rent has not been included on credit reports,” said Zac Killam, FrontLobby co-founder. “We are changing this by elevating rent payments to the same level as consumer loans and credit card payments.”
“Overall,” added Mr. Nanji, “the utilization with FrontLobby on our platform will result in a more robust financial platform that delivers greater value to our members.”
Marble Financial is a financial technology company that helps its customers in achieving longer-term credit health.
Since 2016, Marble has empowered thousands of marginalized consumers to a positive financial future.
Shares in Marble Financial (MRBL) are steady, trading at $0.12 per share as of 2:06 pm EST.