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





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.

Similar Private Companies By Industry

Company Name Region
1199 S.E.I.U. Federal Credit Union United States
121 Financial Credit Union United States
123 LumpSum Holdings, LLC United States
12five Capital, LLC United States
167th TFR Federal Credit Union United States

Recent Private Companies Transactions

No transactions available in the past 12 months.

The information and data displayed in this profile are created and managed by S&P Global Market Intelligence, a division of S&P Global. Bloomberg.com does not create or control the content. For inquiries, please contact S&P Global Market Intelligence directly by clicking here.

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
NYC2012, Inc. United States
Bertelsmann AG Europe
The Advertising Council, Inc. United States
Rush University United States

Sponsored Financial Commentaries

Sponsored Links

Request Profile Update

Only a company representative may request an update for the company profile. Documentation will be required.

To contact Asset Acceptance LLC, please visit www.assetacceptance.com. Company data is provided by S&P Global Market Intelligence. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.