If you link your bank accounts, you share additional information with ClearScore, the lenders we partner with and some Open Banking partners. The data shared is:
• Your income
• Payment history
• Regular payments and direct debits. Open Banking is an FCA regulated service. Your personal information is protected using 256-bit encryption, so your data is safe.
Benefits of Open Banking
• Access to a personal report that shows you how you’re seen by lenders (How You Look to Lenders).
• Additional insights that help you better understand your financial situation beyond your credit report and score.
• Understanding how lenders might treat different types of transactions and the potential impact on your approval chances.
• Net monthly income (after tax and deductions) and average disposable income
• Access to credit offers relevant to you
*Lenders all have their own criteria and may treat transaction types differently. The HYLTL report is a generalised view of how lenders might view these sorts of transactions, but this report is only for you and is not visible to lenders.