If you link your accounts you share the below with ClearScore, the lenders we partner with and some Open Banking partners will have access.
- Your income
- Payment history
- Regular payments and direct debits.
Open Banking is a FCA regulated service. Your personal information is protected using 256-bit encryption so your data is safe.
Benefits of Open Banking
- See insights that help you go beyond your credit report and score. These insights help you see how lenders see different types of transactions.
- Unlocks your report on How You Look To Lenders.
- Verify your *Net income (after tax and deductions), see information on what impacts your approval chances.
- Access credit offers relevant for you by lenders who offer credit cards, loans, and car finance offers.
*Net Income is your income after tax and eduction, think of it as your take home pay.