Unlocking Value: A Guide for Selling Consumer Debt
Unlocking Value: A Guide for Selling Consumer Debt Author: Matt Stone Consumer lending offers lucrative opportunities but also comes with inherent risks. While the majority of borrowers fulfill their financial commitments, some loans inevitably become charge-offs, impacting your profitability. What if you could liquidate these non-performing loans, all while safeguarding your brand and bottom line? […]
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 […]
The 2023 State of Ransomware Report
An annual study of the real-world ransomware experiences of IT/cybersecurity leaders makes clear the realities facing organizations in 2023 The Sophos 2023 research report on ransomware reveals the most common root causes of ransomware attacks and shines new light on how experiences differ based on organization revenue. The report also reveals the business and operational […]
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 […]
EverChain Jumpstarts European Expansion in the UK
EverChain Jumpstarts European Expansion in the UK. EverChain UK will leverage EverChain’s decade of experience and proprietary recovery management solution to bring compliant debt sales to the UK. July 19, 2022 – EverChain, the only consumer-centric Recovery Management Solution (RMS) for consumer lenders and creditors, today announced the initial phase of its international expansion strategy […]
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. […]
Global Expansion Plans Give Rise to New Executive Positions
Two key leaders take the helm during unprecedented growth streak Global expansion plans give rise to new executive positions. EverChain is pleased to announce the creation of two new executive leadership roles to support the company’s global growth and expansion. Jenn Wilson, EverChain’s Chief Compliance Officer, will assume the responsibilities of CCO and Corporate Secretary; and […]
