Freedom Finance, one of the UK’s leading digital lending marketplaces, is renewing its partnership with independent, award-winning think tank the Centre for Social Justice (CSJ) until 2025. The extended relationship will see Freedom Finance support, among other issues, the CSJ’s work investigating the relationship between access to credit, illegal lending and debt advice. Freedom Finance’s Chairperson, Brian Brodie, already sits on the Advisory Board for the think tank’s Debt Unit.
Last year, the CSJ and Freedom Finance partnered to publish the first detailed investigation into the scourge of illegal money lending in a decade. The Swimming with Sharks* report revealed that as many as 1.08 million people in England could be indebted to a ‘loan shark’, and it highlighted the devastating impacts of ‘hidden debt’ as well as those who feel locked out of the mainstream credit market.
Emma Steeley, CEO of Freedom Finance, added: “We value the CSJ’s work and look forward to collaborating with them further to discover ways to better use technology and data to help the financial services industry ease the pressure on household budgets in a safe and affordable way.”