AACC on NASDAQ

Asset Acceptance

American debt buying company

Asset Acceptance is an American debt buyer. Its primary business is the purchasing of defaulted debts from lenders and subsequent collection of those debts through normal debt collection activities.2 From Wikipedia, CC BY-SA 4.0

Price unavailable

Last updated Oct 16, 2026.

Overview

1962Founded1

Compare with another stock.

See how the biggest companies compare on our leaderboards

Asset Acceptance is an American debt buyer. Its primary business is the purchasing of defaulted debts from lenders and subsequent collection of those debts through normal debt collection activities. The corporation is headquartered in Michigan.2

How it started

History

Asset Acceptance Capital Corp. was a publicly traded company.

By 2005 the company's profits rose to $51.3 million.

By 2009, Asset Acceptance Capital Corp was one of the "four largest publicly traded debt buyers" who purchased $19.6 billion in distressed debt along with Encore Capital Group, Asta Funding Inc., and Portfolio Recovery Associates. These four companies were behind the explosion of lawsuits against consumers. According to Association of Credit and Collection Professionals these four debt buyers "typically recover three times what they spend buying debt."

Asset Acceptance reported net income of $4.2 million in the third quarter of 2010 under the tenure of Rion Needs, President and CEO and Reid Simpson, Senior Vice President and CFO.

In March 2013, debt collector Encore Capital Group agreed a deal to buy Asset Acceptance for $200 million.

From Wikipedia’s article on Asset Acceptance, shared under CC BY-SA 4.0.2

Timeline

  1. 1962Founded Founded1

Sources

The numbers on this page point here. Each one links to the record it came from.

  1. 1
  2. 2