Ever wondered how ClearScore chooses which products to recommend? We explain how we do things differently and how this can benefit you.
1. Our recommendations are based on your personal credit history
Unlike other sites comparing financial options, all of the recommendations you see on ClearScore have been selected because of your credit history. Because, if you're ClearScore account holder, you'll automatically connect your credit file information to your search, which not only saves you filling out tons of paperwork, but also enables us to only provide you with only the most relevant options to your current status.
In short, you're not going to spend hours looking for the right solution; instead, you can feel confident that we've found you a list of options that accurately match your needs.
2. You will always see options that are best for you, not for our pockets.
At ClearScore, the most important pieces of information we use when choosing a finance product for you will be:
- your current borrowing behaviour
- your likelihood of acceptance (calculated based on your credit history)
- the APR (Annual Percentage Rate).
We use this information to present only the most practical options to you. Some examples might help here. If you’re new to the world of credit (or perhaps have a low credit score), we'll suggest the best ‘credit builder’ products for you that could help improve your score over time.
Alternatively, you might spend regularly on a credit card and pay it off on time every month (which is great best practice), we can calculate your potential earnings and then present a particular range of cashback cards that benefit you. Finally, if your credit history shows that you are carrying a balance regularly on a credit card, we can then calculate the saving you would make if you switched to a different offer and transferred the balance.
What's essential to remember is that the importance of each factor will vary, depending on your particular circumstances. For example, if you have a damaged credit file, your likelihood of being accepted for a particular product (eligibility score) is of especially high importance. Our website's algorithm takes all of this into account, to arrive at a curated selection of products that make sense for you first.
3. Eligibility scores and pre-approved offers are accessible with no impact on your score
Specific products are listed dependent your personal eligibility, or the likelihood you have of being accepted. Some offers are even ‘pre-approved’ which guarantees you’ll be successful in getting a particular offer, so long as the information in your ClearScore is correct (subject to the lender's own fraud checks). Once you're aware of pre-approved offers, you’re able to make an informed choice about whether to make an application.
Looking at your offers on ClearScore won’t affect your credit score so you can browse your offers page as often as you want to be sure you're making the most educated decision
4. We show you leading brands that you trust
We have established partnerships with a huge variety of lenders in order to bring the very best offers to you. They range from new, innovative companies to the most recognised brands who offer a variety of products.
Occaisionally, financial providers will approach ClearScore with a special offer for our customers. If we think it’s an offer our customers would like, we’ll add it to appear in the results for you, based, of course on your credit history. These are shown as ‘Only at ClearScore’ in the 'Offers' section so you can clearly identify them.