ClearScore Launches Pre-Approved Credit Cards and Loans in Canada, Giving Borrowers More Certainty and Less Stress
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This section is Partnership Content suppliedThe content in this section is supplied by Business Wire for the purposes of distributing press releases on behalf of its clients. Postmedia has not reviewed the content. by Business Wire (Image provided by ClearScore) Business WireArticle contentTORONTO — ClearScore, a leading global credit marketplace, today announced its pre-approval feature in Canada. The new offering shows users which loans or credit cards they’ve been pre-approved for before they apply, helping them avoid unnecessary declines and uncertainty.Sign In or Create an AccountEmail AddressContinueor View more offersArticle content“By giving Canadians pre-approved offer details upfront, we’re putting control back in the hands of the consumer. Our Pre-Approved Marketplace delivers more transparency, more certainty, and a better, less stressful way to borrow.”Article contentWe apologize, but this video has failed to load.Try refreshing your browser, ortap here to see other videos from our team.Article contentAccording to a TransUnion study, 87 per cent of Canadians believe access to credit is crucial for achieving their financial goals, but over half (52%) feel they don’t have sufficient access to these products. For many Canadians, the credit application process can feel overwhelming due to detailed forms, lengthy approval timelines, and the possibility of a declined application, as each application leaves a mark on credit reports. Through direct integrations with lenders, ClearScore’s marketplace features pre-approved credit offers, giving users certainty with guaranteed rates, credit limits and loan amounts, without harming credit scores. As long as the individual passes standard fraud and affordability checks, and the details they provided match, they’ll receive the loan or credit card.Article contentArticle content“When you’re applying for credit, the fear of rejection can be overwhelming, especially when one application could affect your ability to borrow again,” said Justin Basini, Co-Founder and CEO of ClearScore. “By giving Canadians pre-approved offer details upfront, we’re putting control back in the hands of the consumer. Our Pre-Approved Marketplace delivers more transparency, more certainty, and a better, less stressful way to borrow.”Article contentTop StoriesGet the latest headlines, breaking news and columns.There was an error, please provide a valid email address.Sign UpBy signing up you consent to receive the above newsletter from Postmedia Network Inc.Thanks for signing up!A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Top Stories will soon be in your inbox.We encountered an issue signing you up. Please try againInterested in more newsletters? Browse here.Article contentLenders such as Fig and Karoo are taking the lead by partnering with ClearScore to offer these pre-approved products. This innovation sets a new industry standard that competitors are beginning to follow and reinforces ClearScore’s commitment to building a financial ecosystem that prioritizes user needs.Article contentAbout ClearScoreArticle contentClearScore, part of The ClearScore Group, is dedicated to making personal finance clearer, calmer, and easier to understand for 25 million people worldwide. Launched in the UK in 2015, ClearScore has grown to become the #1 platform for accessing financial data, including credit reports, scores, and Open Banking information. Operating across four continents, ClearScore combines user-permissioned data at scale with cutting-edge technology to match consumers with the right financial products at the right time. With over 200 financial services partnerships globally, ClearScore helps partners source customers, boost revenue, and manage risk while empowering users with transparency, fairness, and control over their financial decisions.Article contentArticle contentArticle contentArticle contentView source version on businesswire.com: Article content https://www.businesswire.com/news/home/20251215162337/en/Article contentArticle contentContactsArticle contentMedia Article contentArticle contentAshley McFarlaneArticle contentArticle contentashley@talkshopmedia.com Article contentArticle content(647) 522-0660Article content#distroArticle contentTrending The Federal Reserve’s rate cut was a clear signal to investors Investor Garry Marr: How raiding your TFSA before the end of year could save you thousands Personal Finance Posthaste: Canada's provinces face 'deteriorating' outlook, says Fitch Ratings News McKinsey plots thousands of layoffs in consulting slowdown Work Food prices rise at fastest pace in two years, though inflation rate holds steady Economy Share this article in your social networkCommentsYou must be logged in to join the discussion or read more comments.Create an AccountSign in Join the Conversation Postmedia is committed to maintaining a lively but civil forum for discussion. 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The Federal Reserve’s rate cut was a clear signal to investors Investor Garry Marr: How raiding your TFSA before the end of year could save you thousands Personal Finance Posthaste: Canada's provinces face 'deteriorating' outlook, says Fitch Ratings News McKinsey plots thousands of layoffs in consulting slowdown Work Food prices rise at fastest pace in two years, though inflation rate holds steady Economy