By Gloria Methri

Fair4All Finance has partnered with ClearScore to develop debt consolidation loan technology that will boost access to affordable credit for people in financially vulnerable circumstances.

ClearScores proposition Clearer allows direct settlement of consumer debts, unlike most other debt consolidation loans. This eliminates the risk of funds being used to pay off existing credit cards and loans.

It is expected that rolling this new debt consolidation proposition will significantly expand access to loans, reduce interest rates paid by borrowers, reduce risk for lenders and ultimately help thousands of borrowers.

The funding, linked to Fair4All Finances consolidation…

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