Got a call and didn't pick it up on my cell phone...called the number back and the automated attendent identified the company as Asset Acceptance Capital Corporation. Upon further review here's a summary of their business...
Asset Acceptance Capital tries to help creditors accept the things they cannot change and have the courage to change the things they can. The company buys portfolios of written-off consumer debt (credit cards, consumer loans, utilities) at a deep discount, then attempts to collect on them. Purchased receivables of Visa, MasterCard, and Discover cards make up about 50% of the company's portfolio. Asset Acceptance Capital's earliest predecessor firm was founded in 1962 by retired chairman Rufus H. Reitzel Jr. Major shareholders include entities associated with Quad-C Management and with Reitzel and several Asset Acceptance Capital officers.