A
Asset Acceptance
United States
Founded in
1962 (64 Years)
Founded
Last online: No recent activity
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Security Information
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A Grade License
Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.
B Grade License
Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.
C Grade License
Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.
D Grade License
From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.
Company Information
Get to know Asset Acceptance
Company Information
Get to know Asset Acceptance
Founded in 1962 and formerly headquartered in Warren, Michigan, Asset Acceptance Capital Corp. was a leading purchaser and collector of distressed consumer debt portfolios. The company's business model involved buying charged-off accounts receivable from credit originators—such as banks, credit card issuers, and retail merchants—at a significant discount. It then worked to collect on these accounts through its in-house collection teams and legal network. The company was publicly traded on the NASDAQ stock exchange under the ticker AACC. In June 2013, Asset Acceptance was acquired by Encore Capital Group, a larger competitor in the debt-buying industry. Following the acquisition, its operations and accounts were merged into Encore's subsidiary, Midland Credit Management (MCM), and the Asset Acceptance brand was discontinued.
Industry
- Financial Other ServicePRIMARY
- Financial Legal Service
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