Navigating the $1 Trillion Credit Card Debt Milestone
Credit Card Debt reaches $1 Trillion For the first time on record, credit card debt has surged past $1 trillion, driven by high-interest rates and increasing delinquencies, notably among young borrowers. Total balances on credit cards and other revolving accounts reached $1 trillion the week of July 26, up from $998 billion the prior week, […]
Why I Joined EverChain: Nicholas Wheeler
Why I Joined EverChain: Nicholas Wheeler We sat down with EverChain’s newest hire, Nicholas (Nick) Wheeler, who joined our Business Development team as our AVP, Business Development. We wanted to understand the “Why” behind his choice to join EverChain to hear what he loves about the team and his first impressions these past few weeks. […]
Are Consumer Lenders Prepared for the Debt Tsunami?
Are Consumer Lenders Prepared for the Debt Tsunami? A TSUNAMI OF DEBT IS ON THE HORIZON. IF HISTORY IS ABOUT TO REPEAT ITSELF – HOW CAN CONSUMER LENDERS PREPARE FOR THE INCREASE IN DEFAULTS? There are five factors negatively impacting the global economy (high inflation, unemployment, deep recession, mounting debt and slow economic growth). If […]
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 […]
Why I Joined EverChain: Daniel Green
Why I Joined EverChain: Dan Green We sat down with EverChain’s Chief Revenue Officer, Daniel (Dan) Green, to speak with him about why he joined EverChain. We wanted to understand the “Why” behind his passion, dedication, and enthusiasm for EverChain. Why I Join EverChain: I joined EverChain because “It’s rare to find a niche market […]
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 […]
Non-Performing Loans EverChain Reduces Consumer Complaints
Non-Performing Loans, EverChain Reduces Consumer Complaints A major consumer lender who historically sold non-performing loans (NPLs) directly to an individual debt buyer was experiencing a high volume of consumer complaints. The lender wanted to determine if selling their accounts via EverChain’s Certified Network would reduce their consumer complaint volume. As a result, EverChain’s certified network […]
ACA Innovation Stage Online Presents The 5 Whys of Debt Sales
5 Whys of Debt Sales Webinar Creditors can explore the benefits and risks of selling debt in the event sponsored by EverChain. Are you a creditor considering selling your non-performing loans on the secondary market? There are 5 key questions to ask yourself when evaluating the benefits and risks of selling debt. In this timely […]
