Asset Acceptance Capital Corp. engages in the purchase and collection of defaulted or charged-off accounts receivable portfolios. Its receivables are acquired from consumer credit originators, primarily credit card issuers, consumer finance companies, retail merchants, and telecommunications and other utility providers, as well as from resellers and other holders of consumer debt. The company also finances the sales of consumer product retailers located primarily in Michigan and Florida. Asset Acceptance Capital Corp. was founded in 1962 and is headquartered in Warren, Michigan.
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