Consolidation loans are tempting. They help members cut the interest rates they are paying. Monthly repayments can be reduced. The convenience of one combined monthly payment helps people budget better. But they are not without risk. One-off credit card consolidation may be a better … Read More about Credit card consolidation: a lower risk alternative?
On Thursday 20th June NestEgg co-hosts a Finance Innovation Lab community event; Open Banking for People and Planet. Kicking off at 7pm, the event's at the Google Start-up Campus. We'll look at how Open Banking improves loan decisions and how this can be done at scale. Automated decisions can … Read More about Open Banking for People and Planet
Good data means better loan decisions. With 100s of data points flowing through our software, the potential for credit unions to strategise lending is unprecedented. Because of this we’ve enhanced our lending analytics. Additionally, they're provided as standard with our Decision Engine. Lenders … Read More about NEW FEATURE: Improved Lending Analytics
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 … Read More about Lending insights: County Court Judgments