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In addition to Goldman Sachs Bank USA, Marcus by Goldman Sachs is a brand of Goldman Sachs & Co. USA. Goldman Sachs Bank USA offers a wide range of financial products and services, including loans and deposit products as well as credit cards. Their website is marcus.com, where they advertise their services.

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Marcus By Goldman Sachs Summary

There’s no doubt you’ve heard of Marcus by Goldman Sachs when it comes to personal loans. But what is the truth about this lender? The purpose of this article is to give you an insight into Marcus so that you can make an informed decision about this service.

As a result of investigating the company’s website and terms and conditions, some startling information was uncovered.

The following are just a few of the things that caught our attention.

  • Marcus offers a range of interest rates between 6.99% and 24.99%.
  • The company offers personal loans ranging from $3,500 to $40,000.
  • There is a range of 36 to 72-month loan terms available.
  • When you enroll in AutoPay, you can save 0.25% on your APR.
  • Low-interest rates and long loan terms are only available to the most creditworthy applicants.

What is Marcus by Goldman Sachs?

The Marcus by Goldman Sachs brand is the property of Goldman Sachs Bank USA and Goldman Sachs & Co., both of which are subsidiaries of The Goldman Sachs Group, Inc. You can choose from a variety of credit cards, loans, and deposit products from Goldman Sachs Bank USA.

Ensure that the financial institution you choose is accredited before you make a decision. The Better Business Bureau has accredited Marcus by Goldman Sachs since 11/28/2018 with an A+ rating. In the last three years, they have closed 625 complaints and received 223 customer reviews.

11850 S Election Rd is the company’s headquarters in Draper, UT. Their phone number is (844) 627-2871.

How does Marcus By Goldman Sachs work?

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In the first instance, Marcus by Goldman Sachs will ask you some questions to determine what type of loan would be most appropriate for you. Secondly, you will be able to compare all of the different loan options and select the one that suits your needs and budget the best. Your application will be completed and your identity will be verified.

You can consolidate debt or finance a major home improvement project with a personal loan from Marcus.

How to qualify for Marcus By Goldman Sachs

Marcus By Goldman Sachs will require some basic information from you to begin the process, including your name, address, and annual income. Additionally, you will need to provide your social security number or individual tax identification number. Documentation proving your identity, income, and/or employment status may be required for verification purposes.

To qualify for an unsecured personal loan, you will need to have a good credit score. In this regard, it is important to check your credit score and order a copy of your credit report before submitting a loan application. As a result, you will be able to identify areas in which you are on track as well as those in which you need to improve.

Marcus By Goldman Sachs BBB Reviews

Marcus by Goldman Sachs is accredited by the Better Business Bureau (BBB) and has an A+ rating. A total of 223 reviews have been posted and 625 complaints have been resolved in the last three years, giving the company an average rating of 1 out of 5.

Here are some notable reviews:

Jeff L 10/13/2022

Worst customer service ever. They never got ahold of me and marked my bill late for 4 months I had that since 18 never missed a payment never was late until they took it over they ruined my credit dropped it down 75 and would not fix it so I paid off the balance and close at account and would never ever recommend using these guys.

Dorvetta P 10/10/2022

The worst customer service was held for over minutes. I wasted my whole lunch break and still got nothing resolved. Ask the supervisor who kept getting the same speech they can’t help you. Finally, my lunch break was over I had to go back to work myself. I guess I have to call again tomorrow.

Andrea A 10/04/2022

I have been a good customer of this credit card company. I recently asked for a payoff so I could have a 0 balance on my account. I paid the exact amount given to me. The very next day I had an interest charge amount added to my account. They claim they don’t include interest charge amounts in their payoffs. I argued with them about this starting over and over I was given inaccurate information. They didn’t care. It is very apparent they are not honest and withhold the information for the purpose of having their customers carry a balance. Very poor customer service and very dishonest. I have closed my account and will never do business with them again!

Marcus By Goldman Sachs FAQs

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How much does Marcus By Goldman Sachs charge?

It is one of the most attractive features of Marcus’s loans that there are no sign-up fees or late fees. There are fixed interest rates on its loans, which range from $3,500 to $40,000. Depending on the terms of the loan, the interest rate can range from 6.99% to 24.99%.

Are there any pre-payment penalties?

The prepayment penalty does not apply to this service.

How does Marcus By Goldman Sachs affect your credit?

When you check your rate with Marcus by Goldman Sachs, you do not need to worry about your credit score. The reason for this is that only a soft inquiry is made during the rate-checking process. You can only see soft inquiries and they do not affect your credit score.

A hard inquiry is performed on your credit report once you accept an offer and your loan is funded. You may lose credit score points due to these types of inquiries, and third parties may be able to see them.

How to cancel Marcus By Goldman Sachs

Make sure you do your research and understand all of the terms and conditions associated with the loan before taking it out. You cannot cancel or reverse a loan once you have received the funds, so it is important to make sure that it is the right choice for you before taking out one.

Is it hard for you to get by financially? You might find some helpful advice here.

  • The best way to ensure you are only spending what you can afford is to develop a budget and adhere to it.
  • You can also seek the advice of a financial advisor who can help you explore your options and develop a plan suitable to your needs.
  • Lastly, if you’re already in debt, don’t despair. It is not uncommon for companies to work with customers to arrange a more manageable payment plan. Get in touch with their customer service team for more information.

Is Marcus By Goldman Sachs legit or a scam?

The Goldman Sachs Group Inc. is a financial services firm that has been in business for over 150 years. They offer a variety of services, including banking, investments, and more. They have a good reputation and are accredited by the Better Business Bureau (BBB). However, they have also had 626 complaints in the last 3 years and only 1 out of 5 stars from customers rating them on Trustpilot.

Regardless of which financial institution you choose to work with, you should always research and read customer reviews. You will be able to make the best decision and won’t have to take out a loan that you cannot afford.

Do you know marcus.com? Leave your experience and review below!

Thank you for reading!

Marcus By Golden Sachs
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The Goldman Sachs Group Inc. is a financial services firm that has been in business for over 150 years. They offer a variety of services, including banking, investments, and more. They have a good reputation and are accredited by the Better Business Bureau (BBB). However, they have also had 626 complaints in the last 3 years and only 1 out of 5 stars from customers rating them on Trustpilot.

Regardless of which financial institution you choose to work with, you should always research and read customer reviews. You will be able to make the best decision and won’t have to take out a loan that you cannot afford.

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