Marcus by Goldman Sachs is a subsidiary of The Goldman Sachs Group, Inc. It offers personal loans to borrowers with good credit and focuses on debt consolidation and home improvement loans—though a range of loan uses are permissible. Loans between $3,500 and $40,000 are available with terms of three to six years.
Just so, does Marcus loans verify income?
How does Marcus verify income? Marcus asks potential borrowers to verify income by including their total annual income amount in the application to start. Then, the lender might ask for personal bank statements, recent pay stubs, W-2s, and tax transcript among some other documents.
Accordingly, what credit score do I need for a $50000 loan?
For a loan of 50k, lenders usually want the borrower to have a minimum credit score of 650 but will sometimes consider a credit score of 600 or a bit lower. For a loan of 50k or more, a poor credit score is anything below 600 and you might find it difficult to get an unsecured personal loan.