Join EverChain UK’s Certified Buyer Network and
gain access to the largest selection of portfolios for sale
anywhere. Scale your purchasing power with the leader
in compliant debt sales.
How Buying with EverChain Works
We’ve detailed each step below. If you have any questions
do not hesitate to contact us.
Join the Certified Buyer Network
Access to ready-to-bid loan portfolios starts with becoming a certified member of the EverChain UK Buyer Network. The most rigorous compliance review in the industry means you’re only competing for deals with compliance peers. You can also rest assured that you’ll only have to go through the review process once, rather than with each individual seller. Our certification and ongoing oversight processes furthermore ensure new and experienced debt buyers can purchase debt with confidence and peace of mind. Once you’re certified, you can start to browse listed portfolios.
Identify the Right Deal for You
Using advanced filtering tools, you can either search actively listed portfolios or set alerts to be notified when the right deal is available. This enables you to quickly and easily identify portfolios that meet your investment criteria and even compare them to other portfolios.
Analyse and Strategise
Once you have selected a portfolio, you will obtain real-time access to a limited data file, sample loan agreements, payment histories, and a complete seller due diligence survey. In addition, you can quickly and easily review portfolio analysis from major national scoring companies. And best of all, this can be done all on the one platform.
Submit Your Bid
Submitting your bid has never been more straightforward or more secure. Once you have reviewed the portfolio sale packet, you can submit your one-time competitive triple-blind bid. Bidding on the platform using this type of bidding means no one can see your bid until the window has closed. Such integrity is necessary to protect your investments in underwriting and valuation.
Close the Sale
Once a final offer has been accepted, you can review and negotiate contract terms, and then electronically execute the sale agreement. When the deal is complete, you’ll fund the seller directly, which means no escrow or third party involvement, and securely download your purchased portfolio.
Post-Sale Management
Post-sale management is key to a successful purchase. We became industry leaders by providing best-in-class, technology-based solutions to resolve things like buy-back requests, consumer complaints, media requests, and chain of title issues. In addition to this, with EverChain UK’s cloud-based platform, you can seamlessly communicate with sellers, allowing you to spend more time collecting and less time chasing down loose ends.
Buying With Confidence
Security, compliance and best practice are central to the EverChain UK platform.We are proud to have established the highest standards of ethical, regulatory, and legal compliance guidelines that serve to safeguard your investment, your brand, and your bottom line.
SOC2 Type2 Certified
EverChain UK is SOC2 Type2 certified by cybersecurity expert Coalfire. Our certification galvanises our commitment to operating in a secure environment, in accordance with the most stringent industry standards.
Data Encryption
Any data handled by EverChain UK is encrypted in-transit and at-rest using the latest encryption protocols.
Data Masking
Masking Personally Identifiable Information (PII) about consumers data protects them against unintentional disclosure to external and internal users.
Data Collection and Data Erasure
EverChain UK data collection practices are limited to the data necessary to successfully manage a sale. Post‑sale, EverChain UK only retains non‑personally identifiable data.
Data Resilience
Encrypted backups are created daily, allowing EverChain UK to recover data in the event of an unforeseen loss.
Data Classification
All data collected and stored by EverChain UK is classified and controlled to ensure that it is not improperly disclosed, modified, deleted, or rendered unavailable.
Least Privilege Policies
EverChain UK adheres to minimum access and clean desk policies to ensure that data is only viewed based on business needs or job responsibilities.
Why Buy With EverChain?
With more consumers struggling with problem debt and a tougher regulatory environment it is critical to ensure that debt purchasers in the UK are making well informed decisions when it comes to acquisitions, processes and strategies.
EverChain UK can help you to grow your business, reduce complaints and make better decisions when it comes to portfolio acquisition.
Make Better Debt Purchasing Decisions
There is an increased focus on right outcomes for customers, vulnerability cases, and complaint handling for financial services. These processes that are put in place are always to ensure the fair treatment of customers. It is therefore vital that the decision to proceed with making an offer for debt purchase is well informed.
This is even more important when a loan book has come from a firm that is now insolvent. Whilst these loan books are still valid they are usually sold as seen and have the most ‘at risk’ customers due to the typically larger share of the portfolio that may be in default.
EverChain UK will work with the seller prior to bringing any portfolio to market by providing you with a report that covers all of the key information on the loan book before you price it. This includes customer acquisition, underwriting, vulnerability and collections strategies to enable you to more accurately price the portfolio and therefore turn down less new business.
Increase Customer Engagement
All too often the process of debt sale lacks cohesion and there is an increased level of complaints in the early stages of the reassignment of the debts. This can be exaggerated over the months that follow if a proper understanding of the customer journey up until the point of sale is not had.
Having robust processes to minimise these cases that are caught in the crossover is one of the easiest ways to help with this. With a forward flow agreement in particular, it is particularly important that the selling party also has these in order to mitigate the risk of complaint for both buyer and seller. Ensuring that these processes are in place and the buyer has bought a portfolio that they fully understand helps to create a clearer journey for the customer.
EverChain UK will support the seller preceding the sale, through the sale, and beyond the sale to ensure that these processes are in place. We will ensure that they are robust enough to ensure that your new customers are engaging with you and you are seeing the returns on your bottom line.
Reduce Sales Resources and Refocus Your Business
We’ll bring the portfolios to you on both a spot and forward flow basis, at no cost to you. All you need to do is tell us what types of portfolios you want to purchase.
As soon as we have something that meets your appetite we will let you know and provide you with our report and a secure data file to give you all of the necessary information to make an offer and understand exactly what you are offering to purchase.
If your offer is accepted we will work closely with both buyer and seller to ensure that all post sale processes are integrated and do a final data file cut so that you know if anything has changed with any accounts, preventing any unnecessary complaints, so that you can focus on recovering the debt owed and increasing the profitability of your business.
Ready to Get Started?
Join the numerous businesses who have achieved their debt sellingand buying goals with EverChain UK.