Loan Sharks: Who is really behind the mask?
What does a loan shark look like to you? When thinking about a ‘loan shark’, the chances are that the image that springs to mind is the ‘TV soap gangster’. But in reality they are not always that easy to spot. They could just as easily be that neighbour who always stops to chat, a…
Read MoreMutual Growth Seminar
The cost of living crisis and rising interest rates means it’s a tough time to lend. NestEgg’s Mutual Growth Seminar will help participants explore and discuss strategies for growing the mutual sector at this difficult time. The day will be structured around four fireside chats, covering affordability, products and technology. What is the data telling…
Read MoreCredit repair services: are they worth it?
Having a good credit score is important for your financial wellbeing. A good credit score can help you get loans, favourable interest rates, and mortgage approval. For these reasons, it is understandable why people with ‘poor’ credit scores want to improve it as much and as quickly as possible. This has led to the rise of…
Read MoreRising mortgage rates and affordability
Rising mortgage rates and affordability is a big issue for lenders right now. Can people with mortgages afford to borrow? It’s important to know how much costs have risen and what impact that has on affordability and credit risk. Our last blog explained how those with better credit scores (who are more likely to have…
Read MoreWhat is a credit score?
A credit score is a number that lenders use to assess your ‘credit worthiness’. The number is based on your credit history, which includes information about your past borrowing and repayment habits, how long you have resided at your address, and if you are on the electoral roll. The higher your credit score, the more…
Read MoreAffordability is STILL the issue!
Combining credit and open banking data is the key to understanding affordability. With interest rates rising and the cost of living crisis continuing, new ways of understanding affordability are essential. Open Banking is one way to assess affordability because it gives the latest transaction data. However affordability is much more powerful when open banking is…
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