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Asset Acceptance Capital Corp.
28405 Van Dyke Avenue
Phone: (586) 939-9600Warren, MI  48093  United StatesTicker: AACC

Business Summary
Asset Acceptance Capital Corp. is engaged in the purchase and collection of defaulted and charged-off accounts receivable portfolios from consumer credit originators. Charged-off receivables are the unpaid obligations of individuals to credit originators, such as credit card issuers, consumer finance companies, healthcare providers, retail merchants, telecommunications and other utility providers. From January 1, 2000, through December 31, 2009, it had purchased 1,090 consumer debt portfolios. In addition, the Company finances the sales of consumer product retailers through its Consumer Credit, LLC subsidiary.
(Source: 10-K)
 
Financial Information
Financial Ratings:Moody's Rating  S&P Rating  FRISK Score
Latest Financial Statements
and Analyses:
6/30/2010    Annual Financials    Quarterly Financials    
Current Fiscal Period:2Q 2010
Fiscal Year End:December
Last Audit:12/31/2009
Auditors:Ernst & Young LLP
Audit Opinion:Unqualified
Public Filings:Suits & Judgments    
Other Statements:Trade Payment History    
SEC Filings:Management Discussion & Analysis    Full Filings    
 
News Stories
Date
Headline
7/31/2010Asset Acceptance Capital Corp. -- updated financials available
7/30/2010ASSET ACCEPTANCE CAPITAL CORP: a Form 10-Q has been Filed with the SEC
7/29/2010ASSET ACCEPTANCE CAPITAL CORP FILES (8-K) Disclosing Results of Operations and Financial Condition, Costs Associated with Exit or Disposal Activities, Financial Statements and Exhibits
46 additional News Stories available in full report.
 
Industries
Type
Code
Description
SectorSERVICServices
IndustrySVSBUSBusiness Services
SIC6153Short-Term Business Credit Institutions, Except Agricultural
7322Adjustment And Collection Services
NAICS56144Collection Agencies
 
Management

Title

Name

Age
Title
Date
Start
Date
Non-Executive Chairman of the BoardNathaniel F. Bradley531/1/20091/1/1994
President, Chief Executive Officer, DirectorRion B. Needs471/1/20097/23/2007
Chief Financial Officer, Senior Vice President - FinanceReid E. Simpson535/17/20105/17/2010
10 additional Management records available in full report.
 
Branches and Subsidiaries
Business Name
Address
City
State/Province
Country
Consumer Credit Corp    
 
Business Names
Business Name
Asset Acceptance, LLC
Consumer Credit, LLC
Premium Asset Recovery Corporation
 
General Information
Number of Employees:1,701 (As of 12/31/2009)
Outstanding Shares:30,604,175 (As of 7/23/2010)
Shareholders:43 (As of 12/31/2009)
Stock Exchange:NASD
Federal Tax Id:800076779
Fax Number:(586) 446-7825
 

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