Defaults can appear on a credit file when several credit repayments are missed in a row. Consequently, this will have a bad impact on a credit score. Defaults remain on a credit file for six years. Lenders might automatically decline a loan application if an applicant has defaulted on a previous … Read More about Defaults on a credit file
What’s credit scoring? A credit score is a three-digit number that can determine whether a loan application is accepted. Improving your credit score can often reduce the interest rate you're charged for loans. Better scores help you get the best deals on other bills, like phones, gas or … Read More about Improving your credit score
Are your credit card repayments costing you more than the price of a fortnight in the sun? At NestEgg, we’re big fans of responsible consumer lending. Some organisations warn against credit card spending but we understand that using credit cards can help people achieve some of life’s bigger … Read More about Credit cards: avoid the costly minimum repayment trap.
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; are you in control of your credit? You’re not in control of your financial identity Your financial identity (also known as your … Read More about Are you in control of your credit?