Saturday, July 29, 2006
Ascension Capital
The consumer debt restructuring services focuses on credit card debts and any form personal unsecured loans provided by the banking and financial institutions in Malaysia. Our customers are mainly consumers who face difficulty to afford the demanded repayments to their creditors and facing any impending legal action by their creditors. Through our systematic approach and counselling sessions, we analyse and re-balance the client’s personal cash flow. With their official authorisation, debts are then consolidated and restructured into lower single monthly payments over a pre-determined period calculated at lower interest rates, similar to a term loan structure. ACSB then breaks down the repayment amount according to our formula and advises the payment to various creditors owed.
We also negotiate with the creditors to accept this restructuring and provide legal support to our clients, if necessary through our panel lawyers. We naturally expect creditors to not agree to this as it is their right to recollect however they please, the debt which you owe them. This is to be expected but as the court judge, not the creditors, dictate final decision, the outcome tends to favour our clients. This is achieved with assistance from our panel law firms specialising in legal cases in this area. Our combined financial and legal knowledge in handling these matters results positively in the client’s favour and is a proven successful method from our experience and clientele feedback.
The financial products offered to customers cover mortgages and property loan refinancing. This is achieved through the strategic partnership with two of the leading market providers in this field, with more partners being added in future for other products like Automotive Loans and Hire Purchase Loans. This service is done internally and serves as a cleaner and elegant solution to eliminate the customer’s outstanding unsecured debt by capitalising on stored value in those properties. We then provide Debt Settlement services to negotiate discounts with the various creditors. This benefits the customers through interest savings over the loan period at competitive market rates offered by our partners and immediate setlement of debts without accruing more interest.
The system to execute these services is structured and designed to be effective and flexible at all levels and categories of debts, from pre to post bankruptcy stages.
Standard Procedures
All clients will be seen strictly by appointment basis only. Clients are requested to bring along a photostated copy of their IC, Latest bank statements from their creditors and Pay Slips for accurate analysis. Credit Cards are to be surrendered upon joining our Debt Consolidation Programme.
Ascension Exchange
Ascension Exchange is the brokering, trading, financing, business matching, investment arm of Ascension Capital Sdn Bhd. Its sole purpose is to source, connect and convert potential business opportunities through a network of local and international registered contacts and complete the transaction in a willing buyer, willing seller outcome.
We cover general areas such as property acquisitions and sale, government and infrastructure projects, business investments and financing and trading of commodities. We work solely through our network of property developers and agencies, lawyers, private investors and investment institutions to provide an end to end solution.
Standard Procedures
All clients have to be pre-qualified to determine the genuineness of their offer. There will be the signing of a Non-Disclosure Agreement, Service Terms, Letter of Authorisation and Undertaking assigning us to represent you as our clients through our panel lawyer of choice. Clients also have to provide 3 sets of (1) a brief executive summary and (2) the full document, on their requirement or intent. We will then edit, summarise and compile this information without exposing your identity for it to be deposited into our exchange bank for our members and matching clients to see. Premium members will be informed directly through SMS, according to their area of interest. As our network grows, this entire process will be done online where various industry sectors can access and promote or source for their needs like an online classified.
Once a match is secured, confidentiality and exploratory agreements will also be signed between all parties including Ascension Capital, before the actual negotiations meeting. This is to safeguard our interest and other promoters in arranging this service for our clients. These procedures can be adjusted accordingly if warranted depending on the subject of trade.
For appointments, enquiries and further info,
Please email: info@ascension.com.my
Ascension Capital Sdn. Bhd. (646222-H)
The consumer debt restructuring services focuses on credit card debts and any form personal unsecured loans provided by the banking and financial institutions in Malaysia. Our customers are mainly consumers who face difficulty to afford the demanded repayments to their creditors and facing any impending legal action by their creditors. Through our systematic approach and counselling sessions, we analyse and re-balance the client’s personal cash flow. With their official authorisation, debts are then consolidated and restructured into lower single monthly payments over a pre-determined period calculated at lower interest rates, similar to a term loan structure. ACSB then breaks down the repayment amount according to our formula and advises the payment to various creditors owed.
We also negotiate with the creditors to accept this restructuring and provide legal support to our clients, if necessary through our panel lawyers. We naturally expect creditors to not agree to this as it is their right to recollect however they please, the debt which you owe them. This is to be expected but as the court judge, not the creditors, dictate final decision, the outcome tends to favour our clients. This is achieved with assistance from our panel law firms specialising in legal cases in this area. Our combined financial and legal knowledge in handling these matters results positively in the client’s favour and is a proven successful method from our experience and clientele feedback.
The financial products offered to customers cover mortgages and property loan refinancing. This is achieved through the strategic partnership with two of the leading market providers in this field, with more partners being added in future for other products like Automotive Loans and Hire Purchase Loans. This service is done internally and serves as a cleaner and elegant solution to eliminate the customer’s outstanding unsecured debt by capitalising on stored value in those properties. We then provide Debt Settlement services to negotiate discounts with the various creditors. This benefits the customers through interest savings over the loan period at competitive market rates offered by our partners and immediate setlement of debts without accruing more interest.
The system to execute these services is structured and designed to be effective and flexible at all levels and categories of debts, from pre to post bankruptcy stages.
Standard Procedures
All clients will be seen strictly by appointment basis only. Clients are requested to bring along a photostated copy of their IC, Latest bank statements from their creditors and Pay Slips for accurate analysis. Credit Cards are to be surrendered upon joining our Debt Consolidation Programme.
Ascension Exchange
Ascension Exchange is the brokering, trading, financing, business matching, investment arm of Ascension Capital Sdn Bhd. Its sole purpose is to source, connect and convert potential business opportunities through a network of local and international registered contacts and complete the transaction in a willing buyer, willing seller outcome.
We cover general areas such as property acquisitions and sale, government and infrastructure projects, business investments and financing and trading of commodities. We work solely through our network of property developers and agencies, lawyers, private investors and investment institutions to provide an end to end solution.
Standard Procedures
All clients have to be pre-qualified to determine the genuineness of their offer. There will be the signing of a Non-Disclosure Agreement, Service Terms, Letter of Authorisation and Undertaking assigning us to represent you as our clients through our panel lawyer of choice. Clients also have to provide 3 sets of (1) a brief executive summary and (2) the full document, on their requirement or intent. We will then edit, summarise and compile this information without exposing your identity for it to be deposited into our exchange bank for our members and matching clients to see. Premium members will be informed directly through SMS, according to their area of interest. As our network grows, this entire process will be done online where various industry sectors can access and promote or source for their needs like an online classified.
Once a match is secured, confidentiality and exploratory agreements will also be signed between all parties including Ascension Capital, before the actual negotiations meeting. This is to safeguard our interest and other promoters in arranging this service for our clients. These procedures can be adjusted accordingly if warranted depending on the subject of trade.
For appointments, enquiries and further info,
Please email: info@ascension.com.my
Ascension Capital Sdn. Bhd. (646222-H)
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