Sell Defaulted Loans with EverChain
Customer experience does not stop at default— it becomes even more important.
Why Sell Debt?
Sell debt to generate optimized recurring cash flow from defaulted loans.
Creditors are facing more challenges today with managing defaulted consumer credit accounts. Account default rates are rising, the cost of collecting is rising and the web of regulatory and legal environment changes requires full-time effort to understand, manage and monitor. Creditors are not in the business of collecting on defaulted accounts forever; they are in the business of making loans, selling products and providing services. Working with EverChain allows you to cease collecting at the diminishing point of return.
Debt sales is an account recovery strategy that enables creditors to unlock immediate cash flow from defaulted accounts by transferring ownership to an organization that specializes in recovering these types of accounts (a debt buyer) with the infrastructure necessary to collect effectively and compliantly. Cash received for post-defaulted accounts goes straight to the creditor’s bottom line and provides immediate liquidity.
By selling accounts to a debt buyer, creditors are able to improve their financial performance while minimizing regulatory, reputation and financial risks inherent in debt collection both internally and through the management of third-party collection agencies and law firms.
Why Sell with EverChain?
If any of the links in the EverChain are missing, the chain breaks.
The consumer experience does not end with default. How consumers are treated during the collections process will impact their future purchasing and borrowing behavior. EverChain helps creditors to maximize the value of their defaulted portfolios while maintaining tight control over the treatment and satisfaction of consumers post-sale.
Debt Sales Process
Debt sales is a process, not an event.
EverChain has simplified the process of selling debt and enables creditors to quickly unlock the maximum value of their receivables portfolios while guarding against inherent risks on an ongoing basis. Here’s how we assist throughout the process: