By Matt Grossman and Matt Wirz
Originally Posted on April 11, 2022 in the WSJ, download the PDF or view the full article here.

Demand softens for bonds backed by loans from riskier borrowers, along with shares of fintech consumer-lending companies. Investors are growing more skittish about bonds backed by consumer debt, worried that inflation and slowing growth will increase the number of low-income borrowers falling behind on car payments or credit card. Buyers of bonds backed by subprime car loans or credit cards are demanding the highest premiums over interest-rate benchmarks since mid-2020. Meanwhile, investors have punished shares of some financial technology companies that helped fuel a recent surge in consumer borrowing, such as Affirm Holdings and Upstart Holdings.

When lenders decide to sell their debt, they have options. Many 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, and implement the technology – but that's a big lift. Because it's not just the technology expense upfront, but it's an ongoing expense to ensure that your technology doesn't just meet the needs of today's regulatory environment, but tomorrow's as well. You pay a broker a fee to cover the transaction, but it does not include compliance oversight – that still lies with you as the original creditor. 

The customer journey does not stop at default. Recovery is part of the overall Customer Experience and plays a key role in client satisfaction and retention.

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.

We sat down with EverChain's AVP of Business Development, Mike Walsh, who joined our team about a month ago. We wanted to understand the "Why" behind his choice to join EverChain and get his initial impressions from Month One.

We sat down with EverChain's newest hire, Nana Osei, who joined our Compliance team recently, on Valentines Day, as our Network Compliance Analyst. We wanted to understand the "Why" behind her choice to join EverChain and learn about her first impressions these past few weeks.

We sat down with EverChain's newest hire, Kellen Thomas, who joined our Recovery Success department just last week as a Recovery Support Manager. We wanted to understand the "Why" behind his choice to join EverChain and learn what drives him to do his best every single day.

We sat down with EverChain's Chief Revenue Officer, Dan Green, to speak with him about why he joined EverChain. We wanted to understand the "Why" behind his passion, dedication and enthusiasm for EverChain.

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 moment to nominate EverChain using the following link: https://thefinancialtechnologyreport.com/nominate/