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 […]
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 […]
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 […]
CBA Live 2024: Why EverChain is Heading to DC

Banking’s Future: Tech Trends, Compliance, and Networking at CBA Live We’re thrilled to share that EverChain is gearing up for CBA Live 2024, happening in Washington, DC, from March 25–27. This event is the go-to gathering for those in the retail banking sector, offering a chance to dive into insightful keynote addresses, engaging workshops, and […]
Facing the Storm: 2024’s Challenges for Credit Card Issuers

How Creditors Can Leverage Offset Rising Charge-offs and Delinquencies The coming year poses significant challenges for issuers of middle-market consumer credit cards, as highlighted in a recent American Banker article by Kate Fitzgerald. With an economy rebounding post-pandemic, many loans approved during the surge in spending and travel are now turning sour. Inflation continues to […]
The Buy Now, Pay Later Phenomenon

The Rise of BNPL: A Financial Revolution In our dynamic financial era, the Buy Now, Pay Later (BNPL) model isn’t just a trend—it’s a revolution. Projected to boost global consumer spending to an astonishing $437 billion by 2027, BNPL is reshaping not just consumer behavior but also the very fabric of financial decision-making. Understanding Buy […]
Resuming Student Loan Payments Will Affect Consumer Credit Risk

Resuming Student Loan Payments Will Affect Consumer Credit Risk A recently released white paper from BCG and TransUnion explores the impact that resuming federal student loan payments will have on consumer credit markets and provides lenders with guidance to mitigate the increased risk. “How Resuming Student Loan Payments Will Affect Consumer Credit Risk” (November 2023), […]
The Landscape of Debt in America: Insights & Figures for 2023

Let’s dive into a topic that touches almost every American: debt. We’re nearing the end of 2023, and the financial landscape has some staggering numbers to digest. The total household debt in the U.S. soared to a jaw-dropping $17.06 trillion in the second quarter of 2023, with credit card debt alone reaching $1.03 trillion, according […]