It helps eligible customers bring their debts together into one manageable payment, with the process handled seamlessly in the background.

Developed using Experian’s ReFi™ technology, the digital journey is quick and straightforward. Currently, over 40% of customers taking out an OakbrookOne loan on the Experian Marketplace have had their debts settled and funds paid out the same day. 2 The product has already soft-launched on the Experian Marketplace and is now being rolled out more widely. The launch marks a significant milestone in a six-month collaboration between the two organisations, focused on using data and technology to drive financial inclusion.

The partnership was born out of a shared commitment to address the UK’s widening credit gap. Since late 2024, Oakbrook and Experian have worked together to pilot ReFi™ technology with real customers. Over the past six months, Experian and Oakbrook have delivered over £5 million in lending through ReFi™. This partnership comes at a time when the FCA has called on lenders to “step up” and fill the void left by market exits. OakbrookOne is a direct answer to that call - a product that works for both lender and borrower, backed by data, and built for impact.

Claire Smith, Head of Marketing at Oakbrook, added: “ReFi™ is helping us approve more applications in a way that’s smarter, safer, and more affordable. We’ve already helped thousands of people save money and reduce their debt burden, and this is just the beginning. OakbrookOne is a gamechanger and together with Experian, we’re setting a new standard for inclusive lending.”

Jake Ranson, ReFi™ Managing Director at Experian, commented: “OakbrookOne is a breakthrough for financial inclusion in the UK. By harnessing the power of our ReFi™ technology, we’re enabling access to credit for people who’ve traditionally been left behind. The results speak for themselves - better-performing loans, lower interest rates, and real savings for consumers.”