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 […]
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 […]
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 […]
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 […]
EverChain: Certified Receivables Vendor
EverChain: Certified Receivables Vendor We are pleased to announce that EverChain has once again met the requirements and earned the designation of an RMAI “Certified Receivables Vendor” (CRV). As a designated CRV, our organization will continue to uphold the policies and procedures outlined in the Receivables Management Certification Program Governance Documents. EverChain was the first […]
The 2022 State of Ransomware Report
The 2022 State of Ransomware Report Sophos has released its 2022 ransomware report based on real-world IT professionals’ experiences last year, across mid-sized organizations in 31 different countries. The study concluded that the number of attacks is up, with increasing complexity and impact. About 2/3 of organizations involved in this study indicated that they were […]
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 […]
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. […]
Nominate EverChain for Top FinTech of 2022
Nominate EverChain for Top FinTech of 2022 We are pleased to announce that EverChain has been short-listed for the Top 100 Fintech Companies of 2022 by the Financial Technology Report, but we need your help! Please take a moment to nominate EverChain using the following link: https://thefinancialtechnologyreport.com/nominate/ Since its inception, the Financial Technology Report has […]
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 […]
