Experian has, today, announced that ReFi, a leading debt consolidation technology from Paylink Solutions, will become part of the Experian Consumer Services Marketplace, in a boost for consumers and lenders with debt consolidation and affordability challenges.
Research from Experian, compiled for Fair 4 All Finance, reveals that 41 million UK consumers have credit products, with 83% (34 million) of these involving revolving debt that remains unoptimised1. Debt consolidation remains the number one reason consumers search for loans on the Experian Marketplace, however, many individuals who need these loans struggle to qualify due to affordability restrictions.
Currently, when consumers apply for a debt…
