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 […]
How to Join EverChain’s Certified Agency Network

Guide to Joining EverChain’s Elite Collection Agency Network EverChain creates profitable partnerships specifically for the compliant and efficient collection of debt. To join EverChain’s Certified Agency Network, collection agencies must meet stringent requirements to ensure they operate legally and ethically. Here are the key requirements and procedures as outlined in the EverChain Agency Certification via […]
Shifts in Consumer Debt: Insights and Strategies for Lenders

Recent studies, including a detailed report by Experian and the latest data from the Federal Reserve Bank of New York, highlight significant shifts in the landscape of consumer debt in the United States. These changes, characterized by increasing charge-offs and delinquencies, underscore the need for lenders to develop comprehensive strategies to effectively address these challenges. […]
Drive Higher Bids: How to Boost Your Debt Sale Price

[fusion_builder_container type=”flex” hundred_percent=”no” equal_height_columns=”no” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” background_position=”center center” background_repeat=”no-repeat” fade=”no” background_parallax=”none” parallax_speed=”0.3″ video_aspect_ratio=”16:9″ video_loop=”yes” video_mute=”yes” border_style=”solid”][fusion_builder_row][fusion_builder_column type=”1_1″ layout=”1_1″ background_position=”left top” border_style=”solid” border_position=”all” spacing=”yes” background_repeat=”no-repeat” margin_top=”0px” margin_bottom=”0px” animation_speed=”0.3″ animation_direction=”left” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” center_content=”no” last=”true” hover_type=”none” min_height=”” link=”” background_blend_mode=”overlay” first=”true”][fusion_text] Achieve the Highest Debt Sale Price without Compromising on Compliance In the dynamic world of collections and recovery, the decision […]
How to Sell Debt Compliantly: A Guide for Creditors

Sell Debt While Ensuring Security and Compliance In the current financial recovery landscape, the decision to sell debt to third-party buyers stands out as a strategic move for creditors looking to enhance their recovery strategies. However, the process to sell debt compliantly involves navigating through several complexities, including the selection of the right debt buyer […]