PR - Ascend United Launches New Website

Federal Way, Wash.-based Ascend United (Au), the top selling broker of credit union debt in the United States, launched a new website to help financial institutions better understand debt aggregation and sales and to facilitate its services to clients. According to Au Program Manager Phillip Slater, a 25-year plus collections professional, the new website as ascendunited.com will be a knowledge database with the capacity to provide the latest industry information and best practices to those who need it the most.

"In addition, our hope is to demystify the straight-forward world of debt sales," says Slater. "The sale of distressed debt has been a common and accepted practice in the banking industry for years. However, most credit unions and other small financial institutions have been left out due to the small size of the loan pools and their "trust-factor" of the buying community."

Many debt brokers are looking exclusively for large portfolios from large institutions to market. While Au can and does sell this type of portfolio, continues to build a reputation for success by building pools or aggregating the charged-off debt of several small institutions in order to meet the volume levels desired in the market place. This typically achieves better pricing for clients, according to Slater. Au then sells the debt to investors on behalf of the creditors represented in the aggregate pool.

But Au services go well beyond credit unions. The company’s reputation for success has enabled it to forge relationships with other types of large and small lending institutions dealing with credit cards and consumer loans. Au also facilitates the sale of Performing and Sub- or Under-Performing portfolios of all types of loans from Auto, Consumer and Credit Cards through Business Loans. Au also offers Consulting and Third-Party Management programs to creditors and debt buyers of all sizes.

"Ascendunited.com will also be home to original articles and opinion pieces about various aspects of the debt collections, aggregation, debt sales and management plus the consulting and training side of the business," says Slater. "Our sales process is an open book. We both practice and preach data security every step of the way. Plus, our two round, blind bidding process is second to none in terms of building trust and integrity with both the Seller and the buying community." added Slater.

From strategy analysis and design, through implementation and results testing, Ascend United (AU) facilitates improvements to all phases of debt collection and recovery. AU offers a wide range of products for all types of financial services companies, including management of third-party collection programs, training, consulting and unique debt sales and aggregation services.