Asset Acceptance: Difference between revisions
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'''Asset Acceptance Capital Corp.''' (NASDAQ: AACC) is a leading U.S. purchaser and collector of charged-off consumer debt, with roots in the practice of purchasing delinquent receivables dating back to 1962. The company provides credit grantors such as credit card issuers, consumer finance companies, retail merchants, utilities and others an alternative to traditional third-party contingent collections in recovering defaulted consumer debt. |
'''Asset Acceptance Capital Corp.''' (NASDAQ: AACC) is a leading U.S. purchaser and collector of charged-off consumer debt, with roots in the practice of purchasing delinquent receivables dating back to 1962. The company provides credit grantors such as credit card issuers, consumer finance companies, retail merchants, utilities and others an alternative to traditional third-party contingent collections in recovering defaulted consumer debt. |
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Revision as of 14:34, 25 September 2007
Asset Acceptance Capital Corp. (NASDAQ: AACC) is a leading U.S. purchaser and collector of charged-off consumer debt, with roots in the practice of purchasing delinquent receivables dating back to 1962. The company provides credit grantors such as credit card issuers, consumer finance companies, retail merchants, utilities and others an alternative to traditional third-party contingent collections in recovering defaulted consumer debt.
Asset Acceptance purchases portfolios that range in terms of age, collection history, geography and size. Purchased accounts include credit card, utilities, consumer loans, second mortgages, home improvement loans, medical, health clubs, student loans, home equity loans, auto deficiencies.
Asset Acceptance purchases charged-off receivables at all stages of delinquency, including fresh, primary, secondary, tertiary, warehouse, judgments.
Locations
Call centers
Warren, Michigan (corporate headquarters); Phoenix, Arizona; Deerfield Beach, Florida; Tampa, Florida; Chicago, Illinois; Cleveland, Ohio; San Antonio, Texas
Legal offices
Plantation, Florida; Towson, Maryland; Woodbury, New Jersey; Richmond, Virginia
Ethics
All employees of Asset Acceptance are required to follow a code of business conduct that compels them to conduct business with the highest level of ethical standards and integrity. This code of conduct exceeds the standards of the Fair Debt Collections Practices Act.