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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.

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Asset Acceptance

United States

Founded in

1962 (64 Years)

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BridgerPay

(180 reviews)

Cyprus

2017

(9 years)

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License

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.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.