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 […]
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 […]
Mastering Compliance: Strategically Elevate Your Regulatory Game Amid CFPB’s Enforcement Expansion
Mastering Compliance in a Changing CFPB Landscape: EverChain’s Approach In recent announcements from the Consumer Financial Protection Bureau (CFPB), we’ve learned about significant staff increases, particularly within its Enforcement Division. Currently, their Enforcement branch comprises approximately 150 enforcement attorneys and support staff. With the addition of 75 new full-time employees to this division, there will […]
Team Spotlight with Deborah Everly, Debt Sales Vice President
Team Spotlight with Deborah Everly For this month’s “Team Spotlight,” we are delighted to highlight one of EverChain’s newest team members, Deborah Everly. Deb’s been a leader at Viking Payment Service, Sequium Asset Solutions, Azimut Advisors, and Asset Acceptance Capital, and she takes great pride in developing and maintaining strong relationships with clients. We asked […]
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 […]
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 […]
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 […]
