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, and implement the technology – but that’s a big lift. Because it’s not just the technology expense upfront, but it’s an ongoing expense to ensure that your technology doesn’t just meet the needs of today’s regulatory environment, but tomorrow’s as well.
Using a broker:
You pay a broker a fee to cover the transaction, but it does not include compliance oversight – that still lies with you as the original creditor. Traditional brokers don’t provide technology oversight, due diligence, complaint management, or compliance management systems.
EverChain’s Full-Service approach:
EverChain® essentially charges creditors the same broker fee but ALSO ensures the security and complete compliance of the transaction, giving you oversight and control like never before. The consumer experience does not end with default. How consumers are treated during the collection process will impact their future purchasing and borrowing behavior. EverChain helps creditors maximize the value of their defaulted portfolios while maintaining tight control over the treatment and satisfaction of consumers post-sale. So, why would you sell debt with a traditional transactional broker when you can work with EverChain?
We’d love to chat more and learn how EverChain is the only way to sell your debt compliantly!
Please visit our WEBSITE and BLOG page to learn more about EverChain or schedule some time with one of our dynamic sales team today.
At EverChain®, we are experienced and driven receivables management professionals creating a future where recovering, selling, and buying receivables is transparent, safe, and profitable. Our one-stop receivables management platform (patent pending) uses innovative AI tools and technologies to simplify and streamline the debt sales & recovery process—optimizing outcomes for the creditor, collector, and borrower. Over the past decade, EverChain® has helped creditors, agencies, and buyers recover tens of billions of dollars while empowering compliant collections for millions of American consumers.