Tag Archives: asset acceptance

Asset Acceptance Capital Corp. Reports Fourth Quarter and Full Year 2011 Results

Posted on 07. Mar, 2012 by .

0

WARREN, Mich., Mar 05, 2012 (BUSINESS WIRE) — Asset Acceptance Capital Corp. /quotes/zigman/91428/quotes/nls/aacc AACC -4.19% , a leading purchaser and collector of charged-off consumer debt, today reported results for the quarter and fiscal year ended December 31, 2011.

Continue Reading

Debt company Asset Acceptance settles FTC charges it harassed consumers, flouted rules

Posted on 27. Feb, 2012 by .

0

One of the nation’s biggest debt collectors has agreed to pay $2.5 million to settle Federal Trade Commission allegations that the company tried to trick people into paying old debts — part of a crackdown by regulators triggered by a growing number of consumer complaints.

Continue Reading

Under FTC Settlement, Debt Buyer Agrees to Pay $2.5 Million for Alleged Consumer Deception

Posted on 30. Jan, 2012 by .

0

One of the nation’s largest consumer debt buyers has agreed to pay a $2.5 million civil penalty to settle Federal Trade Commission charges that it made a range of misrepresentations when trying to collect old debts. In addition, the company, Asset Acceptance, LLC, has agreed to tell consumers whose debt may be too old to be legally enforceable that it will not sue to collect on that debt.

Continue Reading

Asset Acceptance Capital Corp. Announces New Credit Facility

Posted on 15. Nov, 2011 by .

0

WARREN, Mich., Nov 14, 2011 (BUSINESS WIRE) — Asset Acceptance Capital Corp., a leading purchaser and collector of charged-off consumer debt, today announced the completion of a new senior secured credit facility. The new facility was led by a syndicate of banks with J.P. Morgan Securities LLC and RBS Citizens N.A. acting as lead arrangers. Berenson & Company, LLC served as the Company’s financial advisor.

Continue Reading

Debt-collection agency closing San Antonio operation

Posted on 08. Nov, 2011 by .

0

Asset Acceptance LLC has decided to close its San Antonio call center and lay off 65 employees, according to a letter the company sent to the Texas Workforce Commission.

Continue Reading

Asset Acceptance Capital Corp. Reports Third Quarter 2011 Results

Posted on 03. Nov, 2011 by .

0

WARREN, Mich.–(BUSINESS WIRE)–Asset Acceptance Capital Corp. (NASDAQ: AACC), a leading purchaser and collector of charged-off consumer debt, today reported results for the quarter ended September 30, 2011.

Continue Reading

Asset Acceptance Capital Corp. to Pursue New Senior Secured Credit Facilities

Posted on 20. Apr, 2011 by .

0

Asset Acceptance Capital Corp. (NASDAQ:AACC), a leading purchaser and collector of charged-off consumer debt, today announced that it has engaged JP Morgan Securities LLC to act as sole lead arranger and bookrunner to arrange a syndicate of lenders to fund new senior secured loans to replace its existing credit facilities.

Continue Reading

Asset Acceptance to Host Fourth Quarter and 2010 Year-End Conference Call March 3

Posted on 04. Feb, 2011 by .

0

WARREN, Mich. — Asset Acceptance Capital Corp. (NASDAQ: AACC) announced today that it will release its financial results for the fourth quarter and year-end 2010 on Thursday, March 3, 2011, at 4:00 p.m. EST. The Company will host a conference call at 4:30 p.m. EST the same day to discuss its results.

Continue Reading

Asset Acceptance Names Director of Collections and Director of Agency Outsourcing

Posted on 22. Nov, 2010 by .

0

Asset Acceptance Capital Corp. (NASDAQ: AACC), a national purchaser and collector of charged-off consumer debt based in Warren, Mich., today announced the following individuals have joined the Company:

Continue Reading

Asset Acceptance Joins Thousands in the Community in the Fight Against Breast Cancer

Posted on 15. Oct, 2010 by .

0

Warren, Mich. – Asset Acceptance Capital Corp., a leading purchaser and collector of charged-off consumer debt, took part in the American Cancer Society’s Making Strides Against Breast Cancer walk in Detroit, Mich. The company raised $5,000 for the charity.

Continue Reading

Older Entries »