Company Overview of Asset Acceptance Capital Corp.
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
Founded in 1962
Key Executives for Asset Acceptance Capital Corp.
Chief Information Officer and Vice President
Chief Acquisitions Officer and Senior Vice President
Compensation as of Fiscal Year 2013.
Asset Acceptance Capital Corp. Key Developments
Asset Acceptance Capital Corp. to Eliminate 110 Jobs
Aug 6 13
Asset Acceptance Capital Corp., acquired in June by rival Encore Capital Group Inc. for $200 million, will lay off 110 people to eliminate redundant jobs. The deal was first announced in March. Asset Acceptance, based in Warren, Mich., informed the state's Workforce Development Agency it would cut 73 positions in Michigan, where it employs about 640 people. Another 37 positions will be eliminated in suburban Tampa, Fla., where it employs about 130. San Diego-based Encore said in a statement, attributed to Julie Reynolds, director of corporate communications, that the company has been working since the acquisition to combine the support functions of the two organizations and appropriately scale the business to be as efficient and effective as possible.
Asset Acceptance LLC to Lay Off 37 Employees in Riverview Location, Effective October 1, 2013
Aug 5 13
Asset Acceptance LLC has announced it will lay off 37 employees in its Riverview location. The Riverview office currently has 120 employees and will reduce that number effective October 1, 2013. There are no plans to close the Riverview location at 2840 South Falkenburg Road. In a WARN letter to the Florida Department of Economic Opportunity, the company said the following job titles and number of employees are affected: Account representatives - 27, Legal collections team lead - 3, Manager-Field HR - 1, Manager-Legal collections - 1, Supervisor-Legal collections - 5.
Asset Acceptance Capital Corp.(NasdaqGS:AACC) dropped from NASDAQ Composite Index
Jun 13 13
Asset Acceptance Capital Corp. will be removed from NASDAQ Composite Index.
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