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Approved for Marcus Loan 10K

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New Member

Approved for Marcus Loan 10K

Hi,

 

I have a credit card Debt that i am paying at high interest, So i checked the MARCUS Pre-Qualification Page for Personal loan Options.

 

Got approved for 10K @9.99% 36 Months or 10K @10.99 60 months. Took 36 Months Option. After i applied, they asked for Paystubs and DL for verification. 

 

Pulled TU, and my score in TU is 675, with 1 inquiry in the past year. Income @ 102K.

 

Planning to payoff the Loans soon.

 

Thanks for the valuable tips and Hope this helps. 

 

Regards

Message 1 of 6
5 REPLIES 5
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Senior Contributor

Re: Approved for Marcus Loan 10K

Congratulations on your approval!

FICO 8 (Feb 2018):EX- 519, TU- 530, EQ- 545
FICO 8 (Mar 2020):EX- 689, TU- 665, EQ- 670
What's in my wallet:



On the chopping block:

Message 2 of 6
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Established Contributor

Re: Approved for Marcus Loan 10K

 

so marcus do require paystubs!!!!! if i was self employed it wouldn't work with Marcus.

 

Thats good to know. i m thinking of changing my payments into a paystub this coming year.

 

Message 3 of 6
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Valued Contributor

Re: Approved for Marcus Loan 10K

Welcome phani333! Congrats on your approval! I have a Marcus Loan also, and yes they asked for Paystubs. However, my girlfriend just got a loan with them several months back but only 4K and they DID NOT ask for here Pay Stubs.
                               

Total Credit: $240,100Credit Utilization: 1%AAoA: 5 years, 7 monthsInstallments: Car Lease, Marcus LoanNegatives: 0

LOWES-35k | BOA-32.5k | AMEX-30k | DISC-27.1k | ALLIANT-25k | NFCU-25k | BARC-15k | BBUY-12k | CHASE-10k | WAL-10k | CITI-9.7k | PENFED-9.7k


Message 4 of 6
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New Member

Re: Approved for Marcus Loan 10K

Hi Maharshi.

 

For the verification of income, they gave different choices. Either i can send the most recent paystub, or I can submit the W2 or Last year Tax return info.

 

Regards 

Message 5 of 6
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Valued Contributor

Re: Approved for Marcus Loan 10K

There's been several approvals reported here with no POI. YMMV

Starting Score: (5/24/2018) -- FICO 08 EXP: 643; FICO 08 TU: 642; FICO 08 EQ: 677
Current Score (11/11/2020): FICO 08 EXP: 747; TU: 762; EQ: 782
2020 Goal Score: 760 across the board


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