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 […]
Investors Turn Wary on Consumer Debt
Demand softens for bonds backed by loans from riskier borrowers, along with shares of fintech consumer-lending companies. Investors are growing more skittish about bonds backed by consumer debt, worried that inflation and slowing growth will increase the number of low-income borrowers falling behind on car payments or credit card. Buyers of bonds backed by subprime […]
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 […]
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 […]
EverChain Sponsors RMAI for 8th Year
EverChain Sponsors RMAI for 8th Year! December 21, 2021 (Sacramento, CA) Behind every successful event are committed supporters who make things happen. EverChain is a long-term supporter of the Receivables Management Association International (RMAI) Annual Conference. They have committed again to sponsoring the 2022 RMAI Annual Conference with Gold Sponsorship, their eighth consecutive year of […]
