Posts by Adrian Davies
Why member history matters most
When an existing member applies for a loan, member history matters most. Someone might have a low credit score, but if they’ve been paying their credit union loan on time, that tells a different story. Currently to access this important information you probably need to: Log into your core banking system Search for the applicant’s…
Read MoreNotice of Correction: add context to your credit file
Sometimes the numbers on your credit file don’t tell the full story. You have the right to add a personal explanation. This is known as a Notice of Correction. What is a Notice of Correction? A Notice of Correction (NOC) is a short statement (no more than 200 words) that you can add to your…
Read MoreThree new features to supercharge your lending decisions
NestEgg’s award-winning Decision Engine is getting even smarter with three powerful new features designed to help you make faster, more informed lending decisions while growing your loan book and reducing risk. Risk Based Pricing (RBP) Increase approval rates while reducing risk. NestEgg’s new dynamic loan pricing automatically adjusts interest rates based on credit scores and…
Read MoreDetecting economic abuse using lending data
Earlier this year, NestEgg won Fintech Scotland’s Consumer Duty Challenge for improving outcomes for vulnerable borrowers. Building on this foundation, we’re launching new research into one of the most hidden forms of vulnerability: economic abuse. An often hidden vulnerability The law recognises economic abuse as a form of domestic abuse, where one person controls another’s…
Read MoreNestEgg announced as a finalist at the Consumer Credit Awards
NestEgg has been announced as a finalist for Technology Partner of the Year at this year’s Consumer Credit Awards, run by Smart Money People! This recognition highlights the growing impact of ethical technology in the credit sector and the amazing work our partners are doing to support financial wellbeing across the UK. Furthermore, this nomination…
Read MoreWhat to do if you can’t pay your bills
Falling behind on bills can feel overwhelming, especially when you’re juggling priority bills like rent, mortgage repayments, energy, and council tax. Whether the cause is job loss, health problems, rising living costs, or unexpected expenses, knowing what to do and where to go for help, can make a big difference. Don’t ignore the problem When…
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