UK-based fintech company ClearScore has expanded its partnership with Oakbrook to grow the availability of direct settlement debt consolidation loans.
Since 2016, Oakbrook’s debt consolidation loans have been available to eligible borrowers through ClearScore’s marketplace. By expanding their collaboration and integrating ClearScore’s Clearer technology, the two companies aim to allow loans to come with a direct settlement option, where outstanding debts are paid to creditors on the borrower’s behalf.
ClearScore’s Clearer technology
ClearScore’s newly introduced Clearer technology was developed with the support of funding received from Fair4All Finance from 2024, and, compared to traditional offerings, it enables…