Posts by Adrian Davies
Meeting the challenge of declined credit
The latest Financial Lives survey from the Financial Conduct Authority (FCA) reveals a troubling statistic: 3.2 million UK adults have been declined credit in the past two years. That’s over one in five of the population locked out of mainstream financial services at a time when the cost of living remains high and financial resilience…
Read MoreBenefits you may be entitled to after losing a partner
Please note that this information is correct at the time of publication (May 2025). Seek professional advice if in doubt or if you receive existing benefits or tax credits. Losing a partner is one of life’s most painful experiences. Alongside emotional grief, many people are faced with a sudden change in their financial situation. Understanding…
Read More5 ways to reduce bad debt
NestEgg is now able to provide credit unions with detailed risk analyses to optimise loan performance. Based on what we’ve seen, here are five ways to reduce bad debt. Watch those debt ratios Applicants with high credit card balances (using more than 75% of their limits) are the most likely to miss payments on credit…
Read MoreLending risk insights
Lending Risk Insights are a yet another new feature for our Decision Engine users. Achieving the right balance between risk and reward helps credit unions grow their loan book and reduce bad debt. NestEgg’s new Lending Risk Insights help responsible lenders achieve this win-win. For many years credit unions have faced uncertainty when assessing lending risk.…
Read MoreStruggling financially after bereavement? Where to get help
Losing a loved one is an incredibly difficult experience. Financial worries can add further stress during an already overwhelming time. From funeral costs to changes in household income, bereavement can create unexpected financial challenges. If you’re struggling financially after losing someone close to you, there are various forms of support available to help you navigate…
Read MoreWhen illness affects your finances, what help is available?
A sudden illness or long-term health condition can impact your wellbeing and financial stability. Whether it’s difficulty working, increased medical costs, or unexpected expenses, knowing where to turn for support can make a significant difference. Financial help is available if illness affects your income or increases your outgoings. Please note that this information is correct…
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