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Lending Strategy

March 15, 2023 By Adrian Davies

Better lending during the cost of living crisis

How do we ensure better lending during the cost of living crisis? Accept rates for credit union loans have fallen significantly over the last year. This can be partly explained by the increasing indebtedness of borrowers. The average non-mortgage debt of credit union applicants rose by 14% in the … Read More about Better lending during the cost of living crisis

Filed Under: Lending Strategy

March 7, 2023 By Adrian Davies

Buy Now Pay Later for Credit Union Borrowers

We can now see how Buy Now Pay Later for Credit Union borrowers is impacting their credit reports. There was a big upload of Buy Now Pay Later (BNPL) agreements to the credit bureau at the end of January. These data are now returned to our decision engine. Currently BNPL does not have an impact … Read More about Buy Now Pay Later for Credit Union Borrowers

Filed Under: Lending Strategy

November 14, 2022 By Adrian Davies

Car loans roundtable

20 credit unions attended our Car Loans Roundtable on 10th November. The meeting explored the opportunity the Finance Bill presents for credit unions wanting to grow their loan books. Currently passing through Parliament, when enacted the Bill means credit unions will be able to offer Conditional … Read More about Car loans roundtable

Filed Under: Lending Strategy, Marketing & Growth

October 10, 2022 By Adrian Davies

Easier loan assessment

NestEgg's decision engine delivers easier loan assessment. Are you tired of moving between several different systems just to assess a loan? With NestEgg, everything’s in one place. Online loan applications may need to be re-keyed into a credit assessment portal. Moreover, your credit data … Read More about Easier loan assessment

Filed Under: Lending Strategy

September 21, 2022 By Adrian Davies

Credit union car loans

Credit union car loans are becoming a reality. 7.5m people bought 9.2m cars in 2021. 8 in 10 of those were second hand. The average asking price for a second hand car was up 11% to just under £16,000. Credit unions have struggled to take advantage of this demand. In Great Britain fewer than … Read More about Credit union car loans

Filed Under: Lending Strategy

June 24, 2022 By Adrian Davies

Loan decisioning in a cost-of-living crisis

The cost-of-living crisis is hitting borrowers across all income groups. Consequently, responsible lenders need to adjust their approach when assessing loan applications. According to the Resolution Foundation, the typical working-age household faces an income fall of 4% or £1,100 in 2022-23. … Read More about Loan decisioning in a cost-of-living crisis

Filed Under: Lending Strategy

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From the blog

  • Better lending during the cost of living crisis
  • Buy Now Pay Later for Credit Union Borrowers
  • Combining credit bureau and open banking data
  • New feature: open banking affordability charts
  • Opening up access to affordable credit

NestEgg Limited is regulated by the Financial Conduct Authority as a Provider of Credit Information Services and for Credit Broking (Firm Reference Number: 920630, Company number: 10427741)
NestEgg Limited is acting as an agent of TrueLayer, who is providing the regulated Account Information Service and is Authorised and Regulated by the Financial Conduct Authority under the Payment Services Regulations 2017 and Electronic Money Regulations 2011 (Firm Reference Number: 901096).

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