Posts by Adrian Davies
FREE training: credit score masterclass
We’re running a credit score masterclass in February because credit scores can be hard to fathom. Hundreds of factors contribute to a mysterious three digit number. A number that can mean the difference between getting a loan or not. Importantly, a credit score can influence the amount of interest charged for a loan. It can…
Read MoreWebinar review: Grow your loan book in 2022
On 12th January we heard from seven speakers about how to grow your loan book in 2022. Download a copy of the slides. Credit scores are up … The credit data from NestEgg’s decision engine has shown that over the pandemic applicants’ credit scores improved. Defaults and legal action fell. However, there are indications that…
Read MoreGrow your loan book in 2022
On 12 January 2022 at 10:30am, NestEgg is running a webinar to help you grow your loan book in 2022. With a line-up of expert speakers, participants will hear the latest thinking and debate strategies for growth. We’ll kick off by hearing from NestEgg about what the data is showing us in relation to recent…
Read MoreUnlimited addresses for each credit decision
NestEgg’s decision engine now offers unlimited addresses for each credit decision. On average a credit union borrower has moved twice during the last six years. Younger and lower income borrowers moved up to four times over the same period. Moving away from your credit history Importantly, credit history doesn’t automatically follow a borrower when they…
Read MoreYou’ve never been insolvent
You have never been insolvent. Or at least haven’t in the last six years, which is as far back as your credit report goes. Insolvencies include bankruptcy, debt relief orders, Individual Voluntary Arrangements and their Scottish equivalents. If a form of insolvency was on your file, it would be very hard to obtain credit. If…
Read MoreWhy payment history matters
Your repayment history on credit agreements is taken into account by a lender when considering you for a loan. A credit report details all of credit accounts you’ve had over the last six years. This includes mobile phones, catalogues and some utility bills. Each account displays numbers showing if you ever fell into arrears. For…
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