Facing the Storm: 2024’s Challenges for Credit Card Issuers
How Creditors Can Leverage Offset Rising Charge-offs and Delinquencies The coming year poses significant challenges for issuers of middle-market consumer credit cards, as highlighted in a recent American Banker article by Kate Fitzgerald. With an economy rebounding post-pandemic, many loans approved during the surge in spending and travel are now turning sour. Inflation continues to […]
Resuming Student Loan Payments Will Affect Consumer Credit Risk
Resuming Student Loan Payments Will Affect Consumer Credit Risk A recently released white paper from BCG and TransUnion explores the impact that resuming federal student loan payments will have on consumer credit markets and provides lenders with guidance to mitigate the increased risk. “How Resuming Student Loan Payments Will Affect Consumer Credit Risk” (November 2023), […]
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 […]
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 […]
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 […]
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, […]
