Asset Acceptance LLC is a subsidiary company of Asset Acceptance Capital Corp., which buys charged-off accounts from credit card and loan companies and then attempts to collect on the past-due debts.
Purpose
Asset Acceptance LLC helps companies create cash for charged-off accounts. For example, if you owe a credit card company for an outstanding balance and it writes off the amount you owe, Asset Acceptance LLC pays cash for the outstanding balance and then attempts to collect from you.
Structure
Asset Acceptance Capital Corp., the parent company, is a public company that has a board of directors and corporate officers. The company also has audit, compensation, and nominating and corporate governance committees in operation.
History
The company was originally founded in 1962 as debt buyer and collection agency. In 2002, Asset Acceptance LLC merged into the parent company, Asset Acceptance Capital Corp. In 2004, the company offered stock to the general public, becoming a publicly held corporation.
Professional Membership
Asset Acceptance LLC is a member of the Association of Credit and Collection Professionals, which holds the company and its employees responsible for certain professional standards.
Community Support
The parent company and its subsidiaries participate in community and charitable organizations such as the American Red Cross, ACA International Education Foundation, Habitat for Humanity and Make-A-Wish Foundation.
0 comments:
Post a Comment