HD Decisions is focused on helping consumers find financial products more quickly and easily – helping them to shop around and to get the best deal that is right for them.
Each month, HD helps over 1,000,000 consumers in the UK by showing them credit cards, loans and mortgages that they have a very strong chance of being accepted for. At HD, we call this “Pre-qualification’ – i.e. the use of a ‘soft search’ or ‘quotation search’ to help a consumer understand which products they are likely to be accepted for.
HD Decisions was founded in 2008 in Nottingham by Mark Hawkins and Matt Denman, and since 2014 has been part of Experian.
HD Decisions has led the development of these tools for consumers on both price comparison sites and directly on banks’ websites.
Our products encourage more transparency for consumers – a view echoed by many of the leading regulatory bodies (e.g. FCA, CMA & UK Cards Association) who have all recommended the wider adoption of this genre of technology.
In the last few years, we are very pleased that the solutions that we have helped to build have featured on TV programs and more recently on TV adverts.
In January 2015, Martin Lewis (ITV, The Martin Lewis Money Show) included a feature on how leading price comparison sites now enabled consumers to see which money saving credit cards they qualified for. He talked about how they were easy to use, allowed the consumer to shop around without being penalised (i.e. damaging their credit history) and how they helped consumers understand which top offers they qualified for.
In 2015 and 2016, two leading lenders launched TV and digital media campaigns with very strong consumer propositions around Pre-qualification. We are very proud to have been a part of these developments.
When you need a short term loan it can be difficult to decide where you get your loan from. So many to chose from, so many different interest rates, how do you know who would accept you for a loan for the cheapest rate? Affording Lending was created to help people that need a short term loan but are sometimes excluded from mainstream lenders. HD Decisions paired up with non for profit lenders like Credit Unions and CDFI’s (Community Development Financial Institution) to provide a service for consumers that allows them to find a lender that will accept them at the cheapest rates.
At the Credit Excellence Awards in 2013, HD Decisions were the winners of both the Newcomer category and the Risk, Data and Fraud Prevention category.
“There was strong competition for this year’s Newcomer category, with a high standard of entry from all applicants. However, this year’s winner demonstrated excellent professionalism, customer focus and outstanding innovation for their industry and is a very worthy winner.” - Steve Thomson, credit risk manager, Karro Food and presenting judge in the Newcomer category.
“The judges were impressed by the innovation and high quality of entries. We were especially taken by the focus on customer service. In the end we were unanimous in our decision.” - Russell Hamblin-Boone, chief executive, the Consumer Finance Association, presenting judge for the Risk, Data and Fraud Prevention category.
Mark Hawkins and Matt Denman, the founders of HD Decisions, have won the Ernst & Young Midlands Entrepreneur of the Year award 2012, in the Business Services category. The judges recognised that HD’s impressive client base and growth trajectory were both outstanding for an organisation so early in its journey.
Matt and Mark went on to the National Final in October. Whilst they didn’t achieve a national award, they received UK wide recognition for their achievements.
The Barclaycard solution, provided by HD Decisions, was nominated and a finalist for two of the 2010 Credit Card Awards; Best Online Initiative and Best Achievement in Customer Service