Asset Acceptance Reports Rough Year, Record Purchases

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Asset Acceptance Reports Rough Year, Record Purchases
Debt purchaser and collector Asset Acceptance Capital Corp. Tuesday reported flat revenues for its fourth quarter of 2007 and a decline in net income for the period. The company also reported revenues and earnings that were down for the full year on a record year for portfolio purchases. Warren, Mich.-based Asset (Nasdaq: AACC) made good on its warning last week that earnings would be weak f
 
Topic: Debt Purchasing