From Sale to Success: How Robust Post-Sale Support Transforms Debt Buying Partnerships
From Sale to Success: How Robust Post-Sale Support Transforms Debt Buying Partnerships Following a debt sale, there are frequent requests for post-sale documents and media. Tracking a portfolio’s putbacks, buybacks, and communications can create a massive headache for both the seller and the buyer in the years that follow. As we often say, “A debt […]
Navigating the Complexities of Debt Sales: How Brokers Add Value
Navigating the Complexities of Debt Sales: How Brokers Add Value Creditors today are keen on expanding their recovery strategy. This often includes exploring debt portfolio sales to third-party buyers. But the process of selling debt often involves some hurdles, especially in establishing a fruitful, long-term relationship with a [fusion_tooltip title=”What’s a debt buyer?” class=”” id=”” […]
Liquidating Your Consumer Debt: How Creditors Benefit from Selling Charge-Offs
Liquidating Your Consumer Debt: How Creditors Benefit from Selling Charge-Offs Author: Matt Stone Navigating the complexities of consumer lending often leads creditors to an unavoidable challenge: charge-offs. While these defaulted accounts are typically written off as losses, they can actually become valuable assets when sold to debt-buyers. With EverChain’s expertise, lenders have successfully transformed these […]
State of the Debt Sales Market – CBA Webinar featuring TransUnion & EverChain
State of the Debt Sales Market – CBA Webinar featuring TransUnion & EverChain Evolving Creditor Strategies for Handling Non-Performing Loans. Did you miss our live webinar? Watch as EverChain’s Chief Executive Officer, Matthew Wratten, and TransUnion’s Director of Financial Services, Javier Alvarado, discuss the ongoing challenges in the debt sales market and offer strategies to […]
What’s a Debt Buyer?
What’s a Debt Buyer? If you’ve ever had a debt in collections, you may have experienced your account being purchased by a debt buyer. Debt buyers are businesses in the financial industry that partner with credit issuers to relieve some of the financial loss that can occur from lending money, goods, or services for which the […]
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, […]
The Value of Utilizing a Broker to Sell Charged-Off Accounts
Creditors looking to optimize their recovery strategy to include debt sales face many challenges in building a long-lasting relationship with a debt buyer partner. Creditors often struggle to find the right debt buyer partner and to build the necessary processes and tools needed to support buyers’ post-sale. These challenges can be overcome by working with […]
A Guide to Understanding and Using Buy Now, Pay Later Services
In the ever-changing financial landscape, innovative payment methods and solutions are revolutionizing how we manage our money. Among these groundbreaking innovations, the Buy Now, Pay Later (BNPL) model has swiftly risen to prominence, reshaping the world of consumer spending and altering our approach to money management. Astoundingly, it is projected that by 2027, BNPL services […]
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. […]
Fintech Nexus Interviews EverChain’s Founder and Chief Executive Officer, Matthew Wratten
Fintech Nexus Interviews EverChain’s Founder and Chief Executive Officer, Matthew Wratten Listen to the Interview The debt-buying process is one that has traditionally been highly manual with Excel spreadsheets flying around and not much automation or sophistication. But that has started to change as fintech has come to debt buying and selling. My next guest […]
