July 23, 2017 9:52 PM ET

Diversified Financial Services

Company Overview of Asset Acceptance LLC

Company Overview

Asset Acceptance LLC provides defaulted consumer debt collection and recovery services to credit originators in the United States. The company helps creditors liquidate delinquent consumer receivables, and assist consumers in resolving their financial challenges. It serves credit originators, such as credit card issuers, consumer finance companies, retail merchants, utilities, and others. Asset Acceptance LLC was formerly known as Lee Acceptance Corp. and changed its name to Asset Acceptance LLC in September 2002. The company was founded in 1962 and is based in Warren, Michigan with additional offices in Tampa, Florida; and New Freedom, Pennsylvania. As on June 13, 2013, Asset Acceptance LLC...

28405 Van Dyke Avenue

Warren, MI 48093

United States

Founded in 1962

Phone:

586-939-9600

Fax:

586-446-7839

Key Executives for Asset Acceptance LLC

Chief Executive Officer and President
Age: 55
Compensation as of Fiscal Year 2017.

Asset Acceptance LLC Key Developments

Asset Acceptance LLC Reaches Settlement in Class Action Lawsuit

A Settlement has been reached in a class action lawsuit alleging that Asset Acceptance, LLC violated the Telephone Consumer Protection Act, by calling, or allowing other companies to call on its behalf, cell phone numbers between April 17, 2009 and September 4, 2014, using a dialer without prior express consent. The Court did not decide in favor of Plaintiff or Asset. Asset denies any violation or liability. To settle the case, Asset will provide a Common Fund totaling $1,000,000.00 composed of an $800,000.00 Debt Forgiveness Component and a $200,000.00 Cash Component. The "Class" includes all persons whose cellular telephone numbers were called using a dialer by Asset, or someone acting on behalf of Asset, without consent, during the period from April 17, 2009 through September 4, 2014. Subject to final Court approval, each Class Member who submits a valid Claim Form will be entitled to recover from the Common Fund.

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Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

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