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 […]
Are Consumer Lenders Prepared for the Debt Tsunami?
Are Consumer Lenders Prepared for the Debt Tsunami? A TSUNAMI OF DEBT IS ON THE HORIZON. IF HISTORY IS ABOUT TO REPEAT ITSELF – HOW CAN CONSUMER LENDERS PREPARE FOR THE INCREASE IN DEFAULTS? There are five factors negatively impacting the global economy (high inflation, unemployment, deep recession, mounting debt and slow economic growth). If […]
Taking Unnecessary Risks With Consumers’ PII?
ARE YOU TAKING UNNECESSARY RISKS WITH YOUR CUSTOMERS’ PII? As a lender, you are entrusted with large amounts of your customers’ PII (Personally Identifiable Information) and, according to several federal statutes protecting PII, you are responsible for the security of that data. As the originating creditor, you likely have security and access protocols in place […]
What is an auto deficiency balance?
With nearly 2.2 million vehicle repossessions every year and over $600 billion in auto loans in the United States, many consumers may be wondering what leads to repossession and why they still owe money even after their car has been taken away. This is called an auto deficiency balance. The goal of this Money Chat Article – […]
Tips for Compliantly Buying Debt
Tips for Compliantly Buying Debt This article was published in Cornerstone’s newsletter on April 19. Table of Contents 5 TIPS FOR MITIGATING RISK WHEN BUYING DEBT 1. Strategy 2. Segment 3. Security 4. Due Diligence 5. Post-Sale 5 OBSTACLES THAT PREVENT CREDITORS FROM SELLING DEBT 1. Perception of Risk: 2. Lack of Resources: 3. Lack […]
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 […]
Broker vs. EverChain’s Full-Service Debt Sales Approach.
When lenders decide to sell their debt, they have options. Broker vs. EverChain’s Full-Service Debt Sales Approach. Many lenders choose to use a broker because they don’t want to invest in the staff, and the technology it would take to compliantly sell debt directly to a buyer. Sure, you could hire the staff, train them, […]
Join Our Certified Buyer Network
Join EverChain’s Certified Debt Buyer Network and gain access to the largest selection of portfolios for sale anywhere. Scale your purchasing power and dramatically reduce your cost of acquisition. Becoming a Debt Buyer with EverChain is a game changer for those who want to optimize their recovery efforts and ensure they are doing it compliantly. […]
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 […]
