Sectors Covered By EverChain UK
Here at EverChain UK, we have years of experience working alongside buyers and sellers within different financial sectors. You can leverage this expertise when it comes to debt sale.
High Cost Short Term Credit (HCSTC)
The team at EverChain UK has a comprehensive understanding of the High Cost Short Term Credit market from years of operating within the HCSTC space. We are experts within this highly regulated environment and can navigate debt sales within this sector whilst ensuring regulatory requirements are met and customers are treated fairly.
EverChain UK works closely with organisations across all types of high cost short term credit, including payday loans and short term instalment loans. We can support creditors in preparing for a sale and achieving the best price, and buyers in finding suitable HCSTC portfolios.
Unsecured Loans
At EverChain UK we understand that the reputational risk is at the very forefront of any decision that is made with regard to whether to sell, and which debt purchaser to sell to. Rest assured that we work closely with creditors to understand any risks or concerns that they may have regarding the sale. We only work alongside organisations which adhere to FCA regulations.
In terms of unsecured loans, from high street banks, online personal loan lenders, to any other type of unsecured lender, we can use our intrinsic knowledge of the financial services industry to deliver results.
Guarantor Loans
The team at EverChain UK have extensive and direct experience operating within the guarantor lending market, therefore understand the nuances of portfolios where the loans are backed by a guarantor.
Guarantor loans can often be sizable and undertaking the debt sale process with EverChain UK could add tangible value to a company’s bottom line. All whilst protecting the business from any reputational risk through comprehensive due diligence and compliance checks.
Secured Loans
There are added complexities with selling debt where it is secured against a property or a vehicle. However, a debt sale for secured loan customers that are in arrears or have defaulted can often be lucrative. They can furthermore remove a significant resourcing burden from a business.
Often these types of sales involve multiple purchasers and or workflows depending on the segmentation of a loan portfolio. It may be that particular cohorts are identified for sale and others are kept in house. Whatever a lender’s requirements may be, they can be confident that EverChain UK will work to understand their business and deliver a debt sale solution that adds real value to their lending operations.
Credit Cards
EverChain UK is experienced in conducting debt sales for consumer credit firms. Credit cards are one of the most popular forms of consumer credit and selling non-performing consumer credit can be a sensible option.
EverChain’s experience working with credit card providers can prove to be an invaluable resource in bringing buyers and sellers together for successful debt sales transactions.
Car Finance
Automotive finance is an ever growing field for debt sale, with an increasing number of vehicles being purchased with finance. Pursuing debt of this type can be both costly and inefficient. At EverChain UK we aim to remove some of these resource intensive overheads and achieve maximum value from non-performing loans.
EverChain UK works with a selection of debt purchasers in the car finance debt recovery space and once a creditor identifies the optimum sale point in their journey, our platform can help them achieve the best overall result for their bottom line.
Utilities and Telecoms
The team at EverChain UK is acutely aware of the regulatory exposure and importance of the customer journey within the utilities and telecommunications debt collection space. Our network of debt buyers can provide an outlet for creditors to capitalise on these otherwise complex accounts.
Overall, EverChain UK’s end-to-end Recovery Management Solution (RMS) enables utility providers to increase the efficiency and profitability of their recovery cycle, including debt sales.
