Lending insights: County Court Judgments
Anonymised data helps us better understand the risk profile of credit union borrowers. Information on topics such as County Court Judgments (CCJs) benefits credit unions because they can benchmark applications, understanding decisions against country-wide trends. The data set on CCJs is relatively small and so this information should be viewed as an indicator of trends…
Read MoreNEW FEATURE: Pinpoint repayment problems instantly
New feature: Display and organise credit accounts according to their status: Active, paid, missed payments and defaults. Benefits: Faster assessment of repayment problems. Easy to identify trends. Credit reports take a long time to read. Lots of different creditors displayed in no particular order. Reading pages of digits to figure out if credit agreements are up…
Read MoreMobile phone defaults: not always a bad thing?
There have been dozens of stories in the press about lost mortgage offers because of defaults on mobile phone contracts. Dreams of home-ownership in tatters. Or a higher price and fees via a broker await. Defaults are one of the most common reasons for refusing a home loan. And these marks stay for at least…
Read MoreCase Study – Castle & Crystal Credit Union
We were thrilled to enrol UK Midlands-based Castle & Crystal Credit Union as an early adopter of our Decision Engine in July 2018. Making better decisions The Decision Engine means that applicants now get a decision within seconds of hitting the Apply button. Meanwhile, the credit union gets instant access to the basis for each decision…
Read MoreAnnouncement: NestEgg Joins The Finance Innovation Lab!
We are delighted to announce that NestEgg has been selected for the 2019 Fellowship Programme at the Finance Innovation Lab. We are now working with the Lab to create a more democratic, responsible and fair financial system. Fellows are selected on the basis of their potential to positively disrupt the financial system and pioneer the…
Read MoreAre You In Control Of Your Credit?
Are you are getting turned down for loans? Getting charged too much for borrowing? Your credit score might be too low. However, the full picture is more complicated. You’re not in control of your financial identity Your financial identity (also known as your credit profile) determines whether you get a loan. It sets the interest…
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