Tips for Compliantly Buying Debt
Tips for Compliantly Buying Debt This article was published in Cornerstone’s newsletter on April 19. Table of Contents 5 TIPS FOR MITIGATING RISK WHEN BUYING DEBT 1. Strategy 2. Segment 3. Security 4. Due Diligence 5. Post-Sale 5 OBSTACLES THAT PREVENT CREDITORS FROM SELLING DEBT 1. Perception of Risk: 2. Lack of Resources: 3. Lack […]
Top 25 Financial Technology CTOs of 2022
EverChain’s CTO: Top 25 Fintech Execs of 2022 Top 25 Financial Technology CTOs of 2022, On April 19, 2022, The Financial Technology Report announced the winners and EverChain is proud and excited to share that our Chief Technology Officer, Renato Marteleto was named #13 to the list! According to The Financial Technology Report, “From a […]
Debt Sales as a Recovery Option for Creditors
Recovery options for creditors If you are like most consumer lenders, you know a portion of your loan portfolio will default. As a creditor, there are three recovery options you can do when a customer fails to pay their debt: Collect: Attempt to collect internally or Assign to a law firm or third-party collection agency […]
Investors Turn Wary on Consumer Debt
Demand softens for bonds backed by loans from riskier borrowers, along with shares of fintech consumer-lending companies. Investors are growing more skittish about bonds backed by consumer debt, worried that inflation and slowing growth will increase the number of low-income borrowers falling behind on car payments or credit card. Buyers of bonds backed by subprime […]
Broker vs. EverChain’s Full-Service Debt Sales Approach.
When lenders decide to sell their debt, they have options. Broker vs. EverChain’s Full-Service Debt Sales Approach. Many lenders choose to use a broker because they don’t want to invest in the staff, and the technology it would take to compliantly sell debt directly to a buyer. Sure, you could hire the staff, train them, […]
Customer Experience is Impacted by Collections
Customer Experience is Impacted by Collections, the customer journey does not stop at default. Recovery is part of the overall Customer Experience and plays a key role in client satisfaction and retention. As someone who is responsible for Customer Experience (CX), you know it’s important to have a hand in every customer interaction, from onboarding […]
Join Our Certified Buyer Network
Join EverChain’s Certified Debt Buyer Network and gain access to the largest selection of portfolios for sale anywhere. Scale your purchasing power and dramatically reduce your cost of acquisition. Becoming a Debt Buyer with EverChain is a game changer for those who want to optimize their recovery efforts and ensure they are doing it compliantly. […]
Why I Joined EverChain: Nana Osei
Why I Joined EverChain: Nana Osei We sat down with EverChain’s newest hire, Nana Osei, who joined our Compliance team recently, on Valentine’s Day, as our Network Compliance Analyst. We wanted to understand the “Why” behind her choice to join EverChain and learn about her first impressions these past few weeks. Why I joined EverChain: […]
EverChain “Why I Joined” with Kellen Thomas
EverChain “Why I Joined” with Kellen Thomas We sat down with EverChain’s newest team member, Kellen Thomas, who joined our Client Success department recently, as our Manager, Client Success. We wanted to understand the “Why” behind his choice to join EverChain, learn what drives him to do his best every single day, and what his […]
EverChain Celebrates International Women’s Day
EverChain Celebrates International Women’s Day March 8th is International Women’s Day EverChain is proud to support women in the ARM industry – and in all industries. EverChain is committed to giving women opportunities to excel and advance in their careers and sets an example for the industry. Currently, on EverChain’s Executive Leadership Team, including our […]