October 26, 2016 7:24 PM ET

Consumer Finance

Company Overview of Asset Acceptance Capital Corp.

Company Overview

Asset Acceptance Capital Corp. engages in the purchase and collection of defaulted and charged-off accounts receivable portfolios from consumer credit originators in the United States. The consumer credit originators primarily include credit card issuers, consumer finance companies, and telecommunications and other utility providers, as well as resellers and other holders of consumer debt. The company periodically sells receivables from these portfolios to unaffiliated parties. It also finances the sales of consumer product retailers; and licenses a collection software application. Asset Acceptance Capital Corp. was founded in 1962 and is headquartered in Warren, Michigan. As of June 13, 201...

28405 Van Dyke Avenue

Warren, MI 48093

United States

Founded in 1962

882 Employees



Key Executives for Asset Acceptance Capital Corp.

Chief Executive Officer, President and Director
Age: 54
Chief Information Officer and Vice President
Age: 44
Chief Compliance Officer, Vice President, General Counsel and Secretary
Age: 65
Chief Acquisitions Officer and Senior Vice President
Age: 43
Vice President of Human Resources & Corporate Communications
Age: 51
Compensation as of Fiscal Year 2016.

Asset Acceptance Capital Corp. Key Developments

Asset Acceptance Capital Corp. Plans to Lay Off 125 Employees

Asset Acceptance Capital Corp. announced that it will lay off 125 employees this spring. Encore Capital Group, disclosed the layoff plans this week in a required filing with the state. The layoffs are scheduled to happen by May 1, 2015. Encore said the job cuts are the result of a call center consolidation and the affected workers had the opportunity to relocate to other call centers in Phoenix or St. Cloud, Minn.

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Recent Private Companies Transactions

No transactions available in the past 12 months.

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