Asset Acceptance Capital Corp. · Warren, MI United States ·(NASDAQ (GS): AACC)
Company Description
Phone: 586-939-9600
Fax: 586-446-7837
Toll Free: 800-505-5166
View Asset Acceptance Capital Corp. Locations On A US Map
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This link will open in a new window Asset Acceptance Capital tries to help creditors accept the things they cannot change and to have the courage to pay off the debt they can. The company buys portfolios of written-off consumer debt (credit cards, consumer loans, utilities) at a deep discount, then attempts to collect on them. About half of the value of its portfolio is made up of Visa , MasterCard , and Discover card receivables. Asset Acceptance Capital focuses on debt in the primary, secondary, and tertiary markets, which means between one and three collection agencies have already had a go at them; these portfolios are often the cheapest to acquire but are the hardest to collect on. Tertiary accounts make up about half of its portfolio. To read the full description, subscribe now.
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Key Asset Acceptance Capital Corp. Financials
| Company Type | Public - NASDAQ (GS): AACC Headquarters |
| Fiscal Year-End | December |
| 2008 Sales (mil.) | $234.2 |
| 2008 Employees | 1,651 |
Asset Acceptance Capital Corp. Executives
20 executives listed for Asset Acceptance Capital Corp.'s Warren, MI location.
| Title | Name & Bio | Contact |
| Chairman | Nathaniel Bradley | Network |
| President, CEO, and Director | Rion Needs | Network |
| SVP, CFO, Assistant Secretary, and Treasurer | Mark Redman | Network |
Competition
Competitive Landscape for Asset Acceptance Capital Corp.
Demand for credit reporting and for collections services are driven by the volume of financial transactions, and by the health of the economy. The profitability of individual companies depends largely on efficiency of operations. The profitability of collections companies that buy receivables portfolios depends on their ability to assess recovery potential. Large credit reporting companies have significant economies of scale in operations. Small companies can compete successfully in the collections segment, where customer service and personal contact are important. To read the full description, subscribe now.Top Asset Acceptance Capital Corp. Competitors
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