10 Questions with Our Founder: The Story Behind EverChain
Q&A with Matthew Wratten, CEO at EverChain 1. What inspired you to start EverChain? EverChain wasn’t just born from frustration. It came from anger. From a quiet question I couldn’t shake: Why is it like this? Why does debt recovery work this way? Why are consumers being asked to carry the cost of inefficiency? I […]
Exploring the 2024 IBM Cost of Data Breach Report
IBM published in July 2024 its most recent Cost of Data Breach report. It provides a comprehensive look at the financial impact of data breaches across the globe, considering different industries, organizations and countries. It highlights the evolving landscape of data breaches, including the impact of technological advances and business disruptions. Understanding Data Breach A […]
Navigating the Future: How Chatbots Are Transforming Consumer Finance Amidst Evolving Regulations
The Evolving Role of Chatbots in Consumer Finance Many industries have undergone a significant transformation in the last few years since AI-driven chatbots became mainstream. These chatbots have revolutionized the way customers engage with businesses, from answering basic inquiries to offering personalized advice. The consumer finance industry is no exception, where customers request assistance from […]
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 […]
Revolutionizing Debt Resolution: EverChain Adding E-Signatures
Discover EverChain’s Coming E-Signature Feature At EverChain, we’ve been pioneering compliant and secure debt sales solutions for over a decade, always with a keen focus on enhancing recovery for both creditors and consumers. Today, we’re excited to preview a groundbreaking addition to our platform that’s set to transform the way you engage in debt resolution: […]
Celebrating 6 Years of SOC 2 Type 2 Compliance: EverChain’s Dedication to Data Security
EverChain’s Dedication to Data Security Today, we’re proud to mark a significant milestone – six years of unwavering SOC 2 Type 2 compliance. It’s not just a badge of honor; it’s solid proof of our commitment to keeping your data safe and sound. Let’s dive into what this means and why it’s so important, especially […]
Webinar – Reviving Financial Resilience – TransUnion’s Recovery Model & Legal Strategies Unveiled
Reviving Financial Resilience RMAi recently presented a TransUnion-sponsored webinar titled “Reviving Financial Resilience: TransUnion’s Recovery Model and Legal Strategies Unveiled,” which focuses on TransUnion’s recovery model and legal strategies for debt collection. It highlighted using data to build predictive models, which replace manual reviews and provide empirical results. Key elements include credit, demographic, non-traditional credit, […]
The Buy Now, Pay Later Phenomenon
The Rise of BNPL: A Financial Revolution In our dynamic financial era, the Buy Now, Pay Later (BNPL) model isn’t just a trend—it’s a revolution. Projected to boost global consumer spending to an astonishing $437 billion by 2027, BNPL is reshaping not just consumer behavior but also the very fabric of financial decision-making. Understanding Buy […]
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 […]
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 […]
