Asset Acceptance
Encyclopedia
Asset Acceptance is a trade name
Trade name
A trade name, also known as a trading name or a business name, is the name which a business trades under for commercial purposes, although its registered, legal name, used for contracts and other formal situations, may be another....

 used by several companies owned by the parent corporation Asset Acceptance Capital Corporation, which has existed since the formation of the predecessor company in 1962. Asset Acceptance Capital Corp's main revenue-generating subsidiary is Asset Acceptance, LLC. Asset Acceptance is a debt purchaser, which means that 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 Warren, Michigan
Warren, Michigan
Warren is a city in Macomb County in the U.S. state of Michigan. The 2010 census places the city's population at 134,056, making Warren the largest city in Macomb County, the third largest city in Michigan, and Metro Detroit's largest suburb....

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Asset Acceptance Capital Corp. is publicly traded . The company reported net income of $4.2 million in the third quarter of 2010.

Class Action Lawsuit

In September 2011, Asset Acceptance is being sued by Trans Union as well as other individuals for falsifying information.
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