What is a missed payment?

missed payment overdue

A ‘missed payment’ is when you don’t make a payment on the date agreed during a billing cycle (usually 30 days) to your lender. For example, you pay a credit card repayment on the 15th of each month, but you miss payment on that date. It is not only missed payments on credit cards and…

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What is a credit union?

credit union membership

A credit union is a not-for-profit co-operative, providing loans and savings accounts to its members. Their three main aims are: To provide loans at low interest rates To encourage regular saving To support members and the community with financial support and assistance In 2022, the British credit union sector had over 1.44 million members, including…

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Why NestEgg is the right fintech partner for credit unions

partners handshake

Selecting a fintech partner for credit unions is more important than ever. As expectations for digital experiences continue to increase, there has never been a more opportune time for credit unions to consider partnering with a fintech company.  Credit unions are often behind the competition, because their systems are unable to keep up with rapid…

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NestEgg announced as finalists for Technology Partner of the Year

Finalists for Technology Partner of the Year in the Consumer Credit Awards

NestEgg is very pleased to be announced as a finalist in the Consumer Credit Awards: ‘Technology Partner of the Year’ category. Often the focus is on the technology side of that partnership. NestEgg has certainly helped grow the loan books of our lender clients. However, it’s the outcomes from the hard work of our credit…

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Open Banking and Product Development

Spelling of optimal on a turquoise background

NestEgg has been using Open Banking to assist with credit decisioning for more than five years. At the World Credit Union Conference 2023 (WCUC), we talked about how open banking can be used to make more inclusive lending decisions.   Open banking data is also useful when used in aggregate. In other words, analysing data from…

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