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 […]
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 […]