$1.2 Billion Consumer Debt Portfolio Sold on the EverChain Exchange
BOCA RATON, Fla., February 09, 2026–(BUSINESS WIRE)–EverChain Exchange today announced the sale of a $1.2 billion consumer debt portfolio to certified buyers on the EverChain Exchange. EverChain CEO Matthew Wratten said, “EverChain is the only debt exchange where creditors can sell debt confidently in a simple, transparent marketplace built with compliance at its core. It’s […]
$325 Million Auto Deficiency Portfolio Sold on the EverChain Exchange
BOCA RATON, Fla. — EverChain Exchange today announced the sale of a $325.47 million auto deficiency portfolio to a certified buyer in the EverChain network. everchain CEO Matthew Wrattan said, “The everchain exchange continues to be the marketplace creditors use to sell debt for the highest price in a transparent, easy, compliant marketplace.” The everchain […]
The everchain exchange Is Modernizing The Debt Sales Industry
BOCA RATON, Fla. — The everchain exchange was built for the debt economy to bring simplicity, transparency, and compliance to the debt sales industry, while giving creditors and buyers greater control over how portfolios are sold and serviced. In 2025, U.S. lenders charged off more than $200 billion in consumer credit, including credit cards, personal […]
10 Questions with Our Founder: The Story Behind EverChain
Q&A with Matthew Wratten, CEO at EverChain 1. What inspired you to start EverChain? EverChain wasn’t just born from frustration. It came from anger. From a quiet question I couldn’t shake: Why is it like this? Why does debt recovery work this way? Why are consumers being asked to carry the cost of inefficiency? I […]
Exploring the 2024 IBM Cost of Data Breach Report
IBM published in July 2024 its most recent Cost of Data Breach report. It provides a comprehensive look at the financial impact of data breaches across the globe, considering different industries, organizations and countries. It highlights the evolving landscape of data breaches, including the impact of technological advances and business disruptions. Understanding Data Breach A […]
Why Creditors Should Join the EverChain Network: Maximize Returns, Minimize Effort
In today’s competitive financial landscape, creditors face increasing pressure to maximize returns while minimizing operational costs. At EverChain, we understand these challenges and have designed our platform to help you achieve these goals with efficiency and ease. Unlock Higher Returns with Competitive Bids One of the key advantages of joining EverChain is the significant increase […]
Navigating Consumer Spending Trends: Strategies to Optimize Debt Sales Across the Divide
At EverChain we understand that navigating the complexities of consumer spending is crucial for optimizing debt sales strategies and overall recovery efforts. Our focus is on comprehending the intricacies of consumer spending behavior and utilizing this knowledge to enhance debt sales strategies, ensuring that our clients achieve the best possible outcomes for their business and […]
Navigating the Future: How Chatbots Are Transforming Consumer Finance Amidst Evolving Regulations
The Evolving Role of Chatbots in Consumer Finance Many industries have undergone a significant transformation in the last few years since AI-driven chatbots became mainstream. These chatbots have revolutionized the way customers engage with businesses, from answering basic inquiries to offering personalized advice. The consumer finance industry is no exception, where customers request assistance from […]
How to Transform Charged-Off Debt into Revenue
Learn Why Creditors Are Selling Charged-Off Debt Recent reports reveal that major U.S. banks like JPMorgan Chase and Bank of America are grappling with significant losses due to unrecoverable debt. JPMorgan Chase reported $2 billion in net charge-offs for the first quarter of this year, nearly double the same period last year, while Bank of […]
Driving the Market: A Guide to Auto Loan Portfolio Buyers
In the world of auto loans, savvy investors have a golden opportunity to tap into a lucrative market. The auto loan industry is experiencing significant fluctuations, driven by a combination of economic trends and consumer behaviors. In April this year, 5.23% of subprime auto loans were 60 days or more delinquent, the worst April on […]