Asset Acceptance Capital Corp.

AACC
320 E Big Beaver Rd Ste 300
Troy, MI, 48083-1271  United States
(800) 505-5166
Company Type: Corporation Subsidiary

D&B Business Directory

Asset Acceptance Capital (AACC) tries to help creditors accept the things they cannot change and have the courage to pay off the debt they can. The company buys written-off consumer debt (from credit cards, retailers, and utilities) at a deep discount, then attempts to collect on them. About half of the value of its portfolio is made up of general credit card accounts. AACC focuses on debt in the primary, secondary, and tertiary markets, which means other collection agencies have already attempted to collect on them. These portfolios are often the cheapest to acquire but the hardest to collect on. The company was acquired by rival Encore Capital Group for about $200 million in 2013.

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Asset Acceptance Capital Corp.

Corporation Subsidiary
Doing Business As
AACC
Address
320 E Big Beaver Rd Ste 300
Troy ​, MI, 48083-1271
United States
See other locations
Phone
(800) 505-5166
Company Description

Asset Acceptance Capital (AACC) tries to help creditors accept the things they cannot change and have the courage to pay off the debt they can. The company buys written-off consumer debt (from credit cards, retailers, and utilities) at a deep discount, then attempts to collect on them. About half of the value of its portfolio is made up of general credit card accounts. AACC focuses on debt in the primary, secondary, and tertiary markets, which means other collection agencies have already attempted to collect on them. These portfolios are often the cheapest to acquire but the hardest to collect on. The company was acquired by rival Encore Capital Group for about $200 million in 2013.

Key Principal
Rion B Needs See more contacts
Industry
Lending Finance & Insurance Sector Purchasers of accounts receivable and commercial paper Collection agency, except real estate
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Financial Statements

Revenue in USD

Annual Revenue2021
$99.40 million USD

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Company Snapshot

Essential information for a successful call

  •  EMPLOYEES (All Sites) 1128
  •  REVENUE (MIL USD) 99.395097
  • Year Started 1962
  • Incorporated 2003
  • FISCAL YEAR END JAN

Get in Touch with 5 Principals* and 4 Contacts

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  • Rion B Needs
    President and Chief Executive Officer
  • REID E SIMPSON
    Senior Vice President Finance and Chief Financial Officer and Assistant Secretary-Treasurer
  • DEBORAH L EVERLY
    Senior Vice President and Officer
  • EDWIN L HERBERT
    Vice President and Counsel and Secretary

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