Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

Products
Website launched for debt collections sales
FEDERAL WAY, Wash. (1/16/08)--Ascend United, a broker of credit union debt and a credit union service organization of the Washington Credit Union League, launched a website to help financial institutions understand debt aggregation and sales. “Our hope is to demystify the straight-forward world of debt sales,” said Phillip Slater, program manager. “The sale of distressed debt has been a common and accepted practice in the banking industry for years. However, most credit unions have been left out due to the small size of the loan pools and their distrust of the buying community.” The site, Ascendunited.com, will house articles and opinion pieces about the debt collections, aggregation and sales business. “Our goal is to shed light on the current state of the industry, increase the effectiveness of in-house collections departments, and provide an opportunity for all financial institutions, regardless of size, to increase their bottom line or facilitate changes in their lending business by selling their charged-off or performing debt,” Slater said. Ascend offers products for financial service companies, including management of third-party collection programs, training, consulting and debt sales, and aggregation services.


RSS





print
News Now LiveWire
CUNA: CUNA offices closed through Friday, News Now returns Monday http://t.co/a5xbLzQKDj
17 hours ago
Reminder: @CUNA's Madison, D.C. offices will be closed through Friday, open again on Monday. #NewsNow will publish Monday.
12 23 ago
MI dentist to match @CUDirect's $20K to @HurleyMedical as a result of #20for20 online voting http://t.co/hqmIc9LpK1 @CMNHospitals
12 23 ago
New #creditunion chartered in St. Louis - #LutheranFCU - by @TheNCUA http://t.co/faPfANGS0P. Only 3rd new FCU charter this year.
12 23 ago
Don't get hacked during the holidays-use these tips from @CUNA http://t.co/jEqxni6NhO #StoptheDataBreaches http://t.co/woIxPOIyys
12 23 ago