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Corporate Profile
Asset Acceptance is a Warren, Michigan-based company that purchases charged-off consumer debt from credit issuers, and then uses proprietary methods to collect on these receivables.

For more than 45 years, Asset Acceptance has provided credit issuers - including banks, credit cards, retail merchants, utilities and others - an efficient alternative in recovering defaulted debt. The Company provides service through its offices in Arizona, Florida, Illinois, Maryland, Michigan, New Jersey, Ohio, Texas, and Virginia.

Asset Acceptance purchases charged-off consumer debt, and it is committed to recovering the amount owed. Asset will work with individual debtors to develop a repayment plan.
Today's Quote
AACC (common stock)
ExchangeNASDAQ GS (US Dollar)
Price$4.64
Change (%) Stock is Up 0.21 (4.74%)
Volume40,706
Data as of 01/27/12 3:58 p.m. ET
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Recent NewsMore >>
DateTitle 
11/14/11Asset Acceptance Capital Corp. Announces New Credit Facility
Enhances purchasing capacity and flexibility to fund long-term growth strategy WARREN, Mich., Nov 14, 2011 (BUSINESS WIRE) --Asset Acceptance Capital Corp. (NASDAQ: AACC), a leading purchaser and collector of charged-off consumer debt, today announced the completion of a new senior secured credit facility. The new facility was led by a syndicate of banks with J.P. Morgan Securities LLC and RBS Citizens N.A. acting as lead arrangers. Berenson & Compa... 
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11/01/11Asset Acceptance Capital Corp. Reports Third Quarter 2011 Results
Earnings per fully diluted share of $0.10 driven by continued momentum in collection growth, improved operating expense base and operating efficiencies WARREN, Mich., Nov 01, 2011 (BUSINESS WIRE) --Asset Acceptance Capital Corp. (NASDAQ: AACC), a leading purchaser and collector of charged-off consumer debt, today reported results for the quarter ended September 30, 2011. Third Quarter 2011 Financial Highlights: Cash collections for the third quarter of 20... 
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10/18/11Asset Acceptance Capital Corp. to Host Third Quarter Conference Call November 1
WARREN, Mich., Oct 18, 2011 (BUSINESS WIRE) --Asset Acceptance Capital Corp. (NASDAQ: AACC) announced today that it will release its financial results for the third quarter 2011 on Tuesday, November 1, 2011, at 4:00 p.m. ET. The Company will host a conference call at 4:30 p.m. ET the same day to discuss its results. Participation in the question-and-answer session of the call will be limited to institutional investors and analysts. Individual investors ... 
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07/28/11Asset Acceptance Capital Corp. Reports Second Quarter 2011 Results
Earnings per fully diluted share increase to $0.12 from $0.03 in the prior year period WARREN, Mich., Jul 28, 2011 (BUSINESS WIRE) --Asset Acceptance Capital Corp. (NASDAQ: AACC), a leading purchaser and collector of charged-off consumer debt, today reported results for the quarter ended June 30, 2011. Second Quarter 2011 Financial Highlights: Cash collections for the second quarter of 2011 increased 5.9% compared to the prior year period to $89.2 million... 
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