At ClearScore, we believe that having access to your credit report and score is important. That is why we provide it to you for free, forever.
To provide you with your credit report, your credit score and other ClearScore features and services for free, we are paid a commission from our partners in certain circumstances, such as when you take out a credit product with them, or visit their website.
We have some principles around commissions that we hold ourselves to:
- We never rank products based on how much commission we earn and there are no paid spots on ClearScore.
- Our recommendations to you are always based on your credit profile and circumstances, and what would be best for you to improve your financial wellbeing.
You can find below a detailed description of the nature of each commission structure we employ, and when it applies:
A flat fee is a fixed amount that we receive whenever you take out a product through ClearScore. This is the simplest commission model and it is also the most common, applying to the majority of products you see on ClearScore, such as credit cards, personal loans, insurance, mortgages and car finance.
The amount we receive has no impact on the amount that you pay for the product you’ve chosen.
Fee based on the rate of conversion
When you view a credit product on ClearScore that you are interested in, you may click to apply which will redirect you to the lender’s website where you can complete your application.
In some circumstances, we will receive a fee based on how a lender has been able to convert potential applicants each month. The higher the rate of conversion is, the lower the fee will be.
We use this commission model to incentivise lenders to improve their application journeys and provide you with a better experience.
Share of funded amount or total cost
For some products, the fee we receive may be a percentage based on the total amount you received from the provider (for example, if you took out a personal loan) or the amount you paid the provider for their service (for example, insurance premiums).
We sometimes also work with other brokers like ourselves, in which case the commission will be a share of the revenue that they’ve earned from the lender or provider.
This fee structure is used mostly for personal loans and insurance products.
Our least used commission structure, if you click to visit a partner’s website we may receive a fee, even if you did not take out a product. We only use this if no other option is available.
Rest assured that we always rank products based on your personal circumstances, and the commission we earn is not a factor in any of the products you’ll see.
Fee for subscription services
We also offer services that have a premium subscription version, for which we may charge you either a monthly or annual fee. Don’t worry, the cost of any subscription service will be clearly outlined in the product before you subscribe and you can cancel at any time.