The Asset Acceptance Capital Corporation's several owned corporations uses Asset Acceptance as their trademark founded in 1962. Asset Acceptance LLC is the company generating overall revenues through purchasing of the consumer's default receivable at greater discounts acquiring the rights of debts settlement negotiations replacing the original creditor.

The company's responsibilities and assets:

- Asset Acceptance is a company acting as representatives for charging off the debt of consumer in place of creditors incorporating propriety processes upon the collection of receivables.

- Asset Acceptance is providing all the available resources such as banks, retail merchants, credit cards and other utilities in helping the creditors for an effective and efficient recovery of unpaid debts through a new repayment plan.

- There are ten offices available providing national coverage of services located in Chicago, Illinois; Brooklyn Heights, Ohio; Phoenix, Arizona; Woodbury, New Jersey; Plantation, Florida; Riverview, Florida; Warren, Michigan, San Antonio, Texas; Wixom, Michigan and White Marsh, Maryland.

- The company's greatest assets are the accountants working out on helping the costumers in solving their debt conflicts. They treat their costumers with respect and dignity upon working with them in finding the appropriate solution for repaying their debts. Their abilities and capabilities are proven by some feedbacks from costumers.

- They incorporated the latest technology for better analysis and account management maximizing fair, timely, and accurate collections. Information is important in business so the company invested the custom software- a type of propriety database capable of tracking debtors, supervise call centers and run other mission with critical applications for better-quality results.

- The data centers agents of the Asset Acceptance, LLC Company provide security of the computing environment protecting the privacy and integrity of all communications and gathered data.

- Asset Acceptance has two major roles buying and selling. Asset Acceptance bought over 600 portfolios in the different types of industries since they began their debt management industry.

* They are the leading buyer of unpaid receivable accounts from the consumer's original creditors including consumer finance companies, telecommunications, credit card issuers, other utility providers, retail merchants and resellers. All default receivables with acquired delinquencies are also purchased.
* They sell the default accounts to acquire money in exchange of accounts that are not productive.

The problems encountered by the Asset Acceptance Company:

- There is a slowing down of collection growth and remained flat in the year 2002 to 2005 due to the disciplinary approach upon purchasing default receivables, high turn over of account representatives and purchasing non traditional default receivable such as wireless telecommunication.
- The net impairment charges are reducing the revenues and the acquired value of the purchased receivable.
- There is an increase both in legal and letter expenses in collection allocations.
- There is a pursuance of agreements on the registration rights between the company and the stockholder's sellers. They pay additional charges for secondary offerings and set aside expenses for future offerings.

The creditors developed strategies to minimize their credit losses by combining internal collection methods with personnel or outsourcing collection procedures to the collectors belonging to the third party.

The industry on managing accounts receivable or the asset acceptance company is popularly increasing is because the consumer's debt responsibilities are also increasing, the default increases on the underlying receivables and the number of creditor's type also increases accessing the debts market sales.