KAREN JOY BACUDO
Finance Editor
ClearScore has partnered with Stream to add automated debt repayment technology to Stream’s workplace loans for UK workers, making Stream the first lender to integrate ClearScore’s Clearer system into its platform.
The deal brings Clearer into Stream’s workplace finance offering, which reaches 3 million employees in the UK through employer partnerships. Workers will be able to use consolidation loans to pay off existing debts automatically, with repayments then made through payroll.
Clearer is designed to address a problem in the debt consolidation market: borrowers do not always use…