ClearScore Embeds Automated Debt Repayment Technology Directly Into Lender Applications

ClearScore, a global leader in financial marketplaces, is launching its automated debt repayment technology, Clearer, directly into lender credit application journeys. Clearer ensures that when a customer takes out a debt consolidation loan, the money is automatically used to pay off their existing debts. This removes the risk that funds are used for other purposes, helping lenders price loans more accurately and reducing the likelihood of missed repayments Partners including Oakbrook Finance and Abound are embedding Clearer into their own websites and apps, allowing customers to consolidate debts more quickly, safely and at lower cost.  Clearer enables the direct settlement of a customer’s existing credit commitments, ensuring consolidation loans are used for their intended purpose. By automating repayment at source, Clearer removes the risk of fund diversion - a structural issue that has historically forced lenders to double-count liabilities and undermined consolidation outcomes. ClearScore's own research has found that more than 60% of people taking out consolidation loan failed to use at least half of the funds to repay their debts. Those borrowers were nearly three times more likely to fall behind on repayments than those who did repay their debts. By automatically settling debts as part of the application process, Clearer removes this risk entirely.  Clearer delivers fully digital, near-instant consolidation without the need for call centres, significantly reducing operational costs. Lenders can decide which debts are repaid, where Clearer is embedded in the journey, and how the experience is branded, making it easy to integrate without disrupting existing systems. This new rollout takes Clearer beyond the ClearScore marketplace - which already serves ClearScore’s 16 million UK customers - and embeds it into lenders’ own channels, putting the technology directly into the heart of credit journeys. This means hundreds of thousands more borrowers, including those underserved by mainstream lenders, will be able to access simpler and safer debt consolidation.  Clearer has been live in the ClearScore marketplace since 2023, with Oakbrook Finance, Abound and Monzo among the first partners. To date, ClearScore has handled over £20 million in payments associated with Clearer-powered consolidation loans. Since August 2025, volumes of these accounts have grown by 76%, demonstrating strong demand for automated, low-friction consolidation. For lenders, Clearer delivers:

1. Guaranteed repayment of existing liabilities
2. More accurate risk assessment and pricing
3. Lower default rates
4. Fully digital journeys with lower cost to serve
5. Scalable compliance with Consumer Duty and foreseeable harm obligations

ClearScore developed Clearer to enable safer, more scalable debt consolidation and reduce structural risk across the lending ecosystem.  Tom Markham, Chief Commercial Officer at ClearScore, said:“Debt consolidation has the potential to  be a great solution for people struggling to manage multiple repayments, but the current system is broken. Historically, lenders had no guarantee that funds would be used to pay down debt, forcing them to double count liabilities and creating unnecessary risk.. By developing automated debt consolidation technology, we've eliminated that risk - and by white-labelling Clearer, we're now putting this technology directly into lenders' own channels and third-party marketplaces.” Claire Smith, Marketing Director at Oakbrook, said: “At Oakbrook, we see how overwhelming multiple credit commitments can be for people who are trying to regain control of their finances. Embedding automated debt repayment into our journey removes one of the biggest barriers for these customers. It means consolidation becomes simpler, safer and more effective, and it helps us support people who are often excluded from mainstream options.”