• Safi Bello

Goldman Sachs makes a bet on consumer debt

CNBC ----- "People are embarrassed to talk about debt," says Harit Talwar, the head of Marcus. That said, "over a third of prime credit-worthy customers, with FICO scores over 660, have high interest credit-card debt," said Talwar, making them ideal customers for Marcus, the new consumer lending arm of Goldman Sachs, which offers personal loans of as much as $30,000 for periods up to six years. Personal, or unsecured loans, are well suited for debt consolidation. They do not require borrowing against something of value, such as a house or car, which makes them particularly attractive for those without that kind of equity. To get a in depth look at Goldman Sachs bet on consumer debt click on the picture below to read the article.

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