Marlette Funding, LLC Launches Best Egg, a New Approach to Debt Consolidation

WILMINGTON, Del., March 12, 2014 /PRNewswire/ -- Marlette Funding, LLC, a national lender of unsecured personal loans, announced today the launch of Best Egg, a streamlined approach to lending that enables consumers to borrow money online at competitive rates without administrative hassles or long waiting periods.

"Our goal is to help our customers recover from credit card debt in a way that is clear and affordable and to get them on the path to building their nest egg," said Bobby Ritterbeck, Marlette Funding's Chief Marketing Officer.

Over 15 million consumers in the US with good credit scores have more than $10,000 in credit card debt. Although these consumers manage to consistently pay their cards on time, it will take more than 25 years to pay down their debt making only minimum payments. Best Egg puts consumers on a path to pay down that debt in as little as 3 years. Customers can borrow as much as $35,000 with fixed interest rates that are lower than most credit cards starting at 5.32%.  

"We get it — credit card debt is stressful and confusing," said Marlette Funding CEO Jeffrey Meiler.  "The high rates, the fine print, using one card to pay off another... why deal with all that?  We think there's a much better way."

Minimizing complicated financial jargon and slow, confusing banking practices, Best Egg aims to make lending straightforward by offering a personal loan with fixed pricing, fixed payments and a clear path to becoming debt free.  Loan terms are fair and transparent with no tricks.

Ritterbeck added that with most of the "too-big-to-fail" banks minimizing their participation in the personal loan space, the doors have been opened for players that take a different approach like Best Egg's streamlined lending platform and the emergence of peer-to-peer lenders. Both have simplified the process of obtaining a personal loan versus the typical process offered by banks and credit unions.

"But unlike peer-to-peer lending, borrowers don't need to post a Best Egg loan and hope investors will fund it," Ritterbeck said.

Marlette Funding is partnering with Cross River Bank to grant Best Egg loans to consumers. Best Egg loan applications are processed online and approvals can take just minutes. Approved loan proceeds can be sent to the borrower's bank account the next day. In addition to reducing consumer debt, Best Egg loans can also be used for large purchases such as home remodeling, medical expenses, and travel.

"The teams at Best Egg and Marlette Funding have a terrific platform and we are thrilled to be a part of this exciting offering," said Gilles Gade, President and Chief Executive Officer at Cross River Bank.  "We applaud their efforts to help individuals proactively manage their debt and set a positive course for the future."

"Personal loans for debt consolidation is not a new business," said Meiler.  "It just didn't seem to us that it needed to be so hard to get back on the path to becoming debt free."

ABOUT MARLETTE FUNDING, LLC

Marlette Funding, LLC, is a national personal loan company based in Wilmington, DE. It was founded by Jeffrey Meiler in August, 2013.  Marlette Funding partners with Cross River Bank, based in Teaneck, NJ, to grant Best Egg loans to consumers.

ABOUT CROSS RIVER BANK

Based in Teaneck, NJ, Cross River Bank is an independent community bank and a specialist in peer-to-peer lending, offering a broad range of services, deposit and loan products to the general public.

Contact
Vince Powers
610-644-1022

SOURCE Marlette Funding, LLC

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