Asset Acceptance Capital Corp. is engaged in the purchase and collection of defaulted and charged-off accounts receivable portfolios. Charged-off receivables are the unpaid obligations of individuals to credit originators, such as credit card issuers, consumer finance companies, healthcare providers, retail merchants, telecommunications and utility providers. From January 1, 1999 through December 31, 2008, it had purchased 1,018 consumer debt portfolios. In addition, the Company finances the sales of consumer product retailers through its Consumer Credit, LLC subsidiary. On April 15, 2008, Rx Acquisitions, LLC was merged with and into Asset Acceptance, LLC.