Posts by Adrian Davies
Can bounced direct debits stop me getting a loan?
Last reviewed September 2026 i QUICK ANSWER Yes. Bounced direct debits in the last one to two months can lead to a loan application being declined, even if your credit report looks clean. One or two bounced payments may not stop you being accepted, but more than two is typically a concern for lenders, and…
Read MoreWhat is a credit score and why does it matter?
Last reviewed September 2026 i QUICK ANSWER A credit score is a number, typically between 0 and 1250 (depending on the credit reference agency model), that lenders use to assess how reliably you manage borrowing and repayments. The higher your score, the more likely you are to be approved for credit and offered lower interest…
Read MoreFrom paper forms to channel of preference: what eight years of online lending taught us
Where we started Eight years ago, in July 2018, we put our first three credit unions live onto our Decision Engine. The picture then looked a lot like Canada’s does today. Online loan applications were rare. Where they existed, most fed straight into a mail merge – a form submitted, a human picking it up…
Read MoreFive identity fraud tactics and how to close each gap
Strong credit union fraud detection means catching these patterns before they cost you money. In a recent blog post we introduced Multi-Source ID Verification (MSID). This is a single, configurable score built from everything NestEgg already sees about an applicant, with a 2+2 compliance gate and warning flags that pull cases for manual review. We…
Read MoreMulti-Source ID Verification: fewer documents, faster decisions
When someone applies to join a credit union or take out a loan, identity verification should be simple: confirm the applicant is who they say they are and get the loan issued ASAP. In practice, a lot of good applicants get stuck. Most identity checks rely on a single data source, so if that source…
Read MoreWhat is a Notice of Correction and when should you add one to your credit file?
Last reviewed August 2026 i QUICK ANSWER A Notice of Correction is a short statement – up to 200 words – that you can add to your credit report to explain a negative entry. It doesn’t change your credit score, but it gives lenders context that may influence a manual credit decision. You can add…
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