Navigating the Complexities of Debt Sales: How Brokers Add Value
Navigating the Complexities of Debt Sales: How Brokers Add Value Creditors today are keen on expanding their recovery strategy. This often includes exploring debt portfolio sales to third-party buyers. But the process of selling debt often involves some hurdles, especially in establishing a fruitful, long-term relationship with a [fusion_tooltip title=”What’s a debt buyer?” class=”” id=”” […]
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? […]
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 […]
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 […]
Navigating the $1 Trillion Credit Card Debt Milestone
Credit Card Debt reaches $1 Trillion For the first time on record, credit card debt has surged past $1 trillion, driven by high-interest rates and increasing delinquencies, notably among young borrowers. Total balances on credit cards and other revolving accounts reached $1 trillion the week of July 26, up from $998 billion the prior week, […]
The Value of Utilizing a Broker to Sell Charged-Off Accounts
Creditors looking to optimize their recovery strategy to include debt sales face many challenges in building a long-lasting relationship with a debt buyer partner. Creditors often struggle to find the right debt buyer partner and to build the necessary processes and tools needed to support buyers’ post-sale. These challenges can be overcome by working with […]
