Why Wait to Collect?
Why wait months or years to collect on your defaulted consumer loan accounts, only to get a fraction of the face value? Sell your nonperforming loans compliantly, get the proceeds in weeks, and reinvest them back into your business in the form of new loans. All without risk to your brand reputation or bottom line.
Sound good? Read on.
As a consumer lender, you know a portion of your loans are going to default. You also know that consumer default rates are starting to increase across all asset classes, as interest rates and inflation continue to rise. What is your plan for handling the deluge of consumer defaults on the horizon?
EverChain specializes in helping consumer lenders like you safely and compliantly liquidate their uncollected receivables to create an immediate and steady cash flow - all while ensuring that your consumers and your brand reputation are protected.
EverChain's Recovery Management Solution (RMS) is the only way to compliantly sell your debt portfolios and ensure that your customers have a better experience throughout the entire recovery process. EverChain understands that recovery is part of the customer journey, and so the experience should be consistent with the experience pre-default. And since it's much better (easier and less expensive) to keep an existing customer than earn the business of a new one, we help you deliver a consistent brand experience from loan issue to Paid in Full or Settled in Full.
We work with creditors across a variety of consumer credit products including:
- Credit Cards
- Installment Loans
- Lines of Credit
- Payday Loans
- Buy Now Pay Later
- Lease to Own
- Auto Finance - secured and unsecured
- Retail Loans
Given the current economic climate, there has never been a better time to sell your debt and add revenue to your bottom line. Here's why you should act sooner, rather than later:
- Buyers have not adjusted to the economy - sale prices for debt portfolios are at an all-time high. Sell now to maximize return.
- Pricing is going to decrease as more paper comes online. Now is the time to lock in a favorable Forward Flow rate.
- Even if you don’t want to get into a Forward Flow, now is the time to do a warehouse sale to ensure maximum return.
EverChain's comprehensive approach to consumer deficiencies provides our clients with optimized value throughout all recovery stages. We understand the importance of a positive reputation. We go above and beyond to ensure that borrowers - your customers - are treated with the utmost respect - protecting your brand reputation and bottom line in the process.
EverChain protects the brand reputation and bottom lines of the largest credit issuers in North America. We provide them with everything they need to optimize their recovery efforts. With consumer defaults on the rise, shouldn't you be working with us?