Meeting the challenge of declined credit

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The latest Financial Lives survey from the Financial Conduct Authority (FCA) reveals a troubling statistic: 3.2 million UK adults have been declined credit in the past two years. That’s over one in five of the population locked out of mainstream financial services at a time when the cost of living remains high and financial resilience…

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5 ways to reduce bad debt

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NestEgg is now able to provide credit unions with detailed risk analyses to optimise loan performance. Based on what we’ve seen, here are five ways to reduce bad debt. Watch those debt ratios Applicants with high credit card balances (using more than 75% of their limits) are the most likely to miss payments on credit…

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Lending risk insights

Lending Risk Insights are a yet another new feature for our Decision Engine users. Achieving the right balance between risk and reward helps credit unions grow their loan book and reduce bad debt. NestEgg’s new Lending Risk Insights help responsible lenders achieve this win-win. For many years credit unions have faced uncertainty when assessing lending risk.…

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7 mistakes that cost credit unions millions

…and how to fix them At last week’s ABCUL conference, NestEgg highlighted 7 key reasons why many credit unions struggle to grow their loan books. Drawing on insights from 250,000 loan applications worth £550 million (that were decisioned by NestEgg’s partner lenders since the last conference), the data shows that by avoiding these seven common…

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Maximising growth and efficiency: the power of NestEgg’s analytics

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Last week marked a major milestone for NestEgg Decision Engine users, with the release of powerful lending analytics tools. These insights provide credit unions with deeper data-driven decision-making capabilities, ensuring stronger financial performance, optimised marketing efforts, and improved risk management. Are you growing? Understanding loan book growth is essential when reviewing financial performance and adjusting…

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Credit union lending upgraded: smarter decisions, faster growth

An image of a Scalable Decision Engine

This February and March, NestEgg is rolling out a major upgrade to its scalable Decision Engine, bringing 50 credit unions onto the latest and most advanced version of our award-winning platform. With this enhancement, lenders will benefit from even smarter, faster, and more powerful lending decisions—delivering greater efficiency and impact. NestEgg offers a scalable Decision…

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