Why Creditors Should Join the EverChain Network: Maximize Returns, Minimize Effort
In today’s competitive financial landscape, creditors face increasing pressure to maximize returns while minimizing operational costs. At EverChain, we understand these challenges and have designed our platform to help you achieve these goals with efficiency and ease. Unlock Higher Returns with Competitive Bids One of the key advantages of joining EverChain is the significant increase […]
Navigating Consumer Spending Trends: Strategies to Optimize Debt Sales Across the Divide
At EverChain we understand that navigating the complexities of consumer spending is crucial for optimizing debt sales strategies and overall recovery efforts. Our focus is on comprehending the intricacies of consumer spending behavior and utilizing this knowledge to enhance debt sales strategies, ensuring that our clients achieve the best possible outcomes for their business and […]
How to Transform Charged-Off Debt into Revenue
Learn Why Creditors Are Selling Charged-Off Debt Recent reports reveal that major U.S. banks like JPMorgan Chase and Bank of America are grappling with significant losses due to unrecoverable debt. JPMorgan Chase reported $2 billion in net charge-offs for the first quarter of this year, nearly double the same period last year, while Bank of […]
Drive Higher Bids: How to Boost Your Debt Sale Price
[fusion_builder_container type=”flex” hundred_percent=”no” equal_height_columns=”no” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” background_position=”center center” background_repeat=”no-repeat” fade=”no” background_parallax=”none” parallax_speed=”0.3″ video_aspect_ratio=”16:9″ video_loop=”yes” video_mute=”yes” border_style=”solid”][fusion_builder_row][fusion_builder_column type=”1_1″ layout=”1_1″ background_position=”left top” border_style=”solid” border_position=”all” spacing=”yes” background_repeat=”no-repeat” margin_top=”0px” margin_bottom=”0px” animation_speed=”0.3″ animation_direction=”left” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” center_content=”no” last=”true” hover_type=”none” min_height=”” link=”” background_blend_mode=”overlay” first=”true”][fusion_text] Achieve the Highest Debt Sale Price without Compromising on Compliance In the dynamic world of collections and recovery, the decision […]
How to Sell Debt Compliantly: A Guide for Creditors
Sell Debt While Ensuring Security and Compliance In the current financial recovery landscape, the decision to sell debt to third-party buyers stands out as a strategic move for creditors looking to enhance their recovery strategies. However, the process to sell debt compliantly involves navigating through several complexities, including the selection of the right debt buyer […]
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 […]
Mastering Compliance: Strategically Elevate Your Regulatory Game Amid CFPB’s Enforcement Expansion
Mastering Compliance in a Changing CFPB Landscape: EverChain’s Approach In recent announcements from the Consumer Financial Protection Bureau (CFPB), we’ve learned about significant staff increases, particularly within its Enforcement Division. Currently, their Enforcement branch comprises approximately 150 enforcement attorneys and support staff. With the addition of 75 new full-time employees to this division, there will […]
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 […]
Liquidating Your Consumer Debt: How Creditors Benefit from Selling Charge-Offs
Liquidating Your Consumer Debt: How Creditors Benefit from Selling Charge-Offs Author: Matt Stone Navigating the complexities of consumer lending often leads creditors to an unavoidable challenge: charge-offs. While these defaulted accounts are typically written off as losses, they can actually become valuable assets when sold to debt-buyers. With EverChain’s expertise, lenders have successfully transformed these […]
Unlocking Value: A Guide for Selling Consumer Debt
Unlocking Value: A Guide for Selling Consumer Debt Author: Matt Stone Consumer lending offers lucrative opportunities but also comes with inherent risks. While the majority of borrowers fulfill their financial commitments, some loans inevitably become charge-offs, impacting your profitability. What if you could liquidate these non-performing loans, all while safeguarding your brand and bottom line? […]
