ClearScore Becomes the UK’s Number One Credit Checking Company

  • Audit and Reporting , Infrastructure
  • 19.07.2016 12:36 pm

ClearScore is proud to announce that it has become the UK’s number one credit checking company, helping more than two million people get control of their money.

Credit reports help determine which financial product deals someone is eligible for, whether they can buy or rent a property, get a mobile phone contract or even a job. Yet before ClearScore launched in July 2015, almost 32 million UK adults had never checked their credit score.

As well as giving people free access to their credit report, ClearScore is providing tools to help them make sense of the information. For example, Timeline - a unique new tool giving people a ‘big picture’ view of their money - is being used by tens of thousands of people daily, and 250,000 are keeping on top of their finances via ClearScore’s smartphone and Apple Watch apps.

ClearScore is also committed to helping people build their credit score, so they can access credit more cost effectively. This is particularly critical for those with so-called ‘thin files’ – meaning they have a lack of credit history. This week ClearScore launches a beta of the first programme in its new “Coaching” series. “Build” uses the latest bot-based technology and popular ‘chat’ format to help younger users with less financial history to take control of their financial future.

Justin Basini CEO and founder, “When we launched, we knew people were fed up with having to pay to access their own financial information. So we made it free, we made it simpler to understand and we built a beautiful product that is easy to use across devices. I’m delighted we proved that people will engage with their finances if it’s made simple and free. There is so much more we are going to do, and with the UK economy facing a potentially rocky road ahead, it will become more important than ever for people to actively manage their finances to keep down the cost of credit. The new tools we’re launching today and in the coming months will help them to do that.

Related News