Asset Acceptance Associates Raise Money for Local Youth During National Financial Literacy Month

Asset Acceptance Capital Corp. (NASDAQ: AACC), a leading purchaser and collector of charged-off consumer debt headquartered in Warren, Mich.,  demonstrated its continuing commitment to financial literacy during the Company’s seventh annual Baseball Dress Down for Financial Literacy event. The fundraising event is held each year in April in honor of National Financial Literacy month and in conjunction with Opening Day for Major League Baseball.

The annual event, which is part of the Company’s Community Asset program, has raised over $16,000 over the past seven years for financial literacy organizations including ACA International Education Foundation and Junior Achievement.  Donations for this year’s event will go toward fulfilling Junior Achievement’s mission to empower young people to own their success by educating them on a wide-range of financial literacy skills.

“Education is the key to financial freedom. The earlier students learn about debt, savings and credit, the more likely they will be successful in managing their finances and achieving financial wellness,” said Deanna Hatmaker, AACC Vice President—Human Resources and Corporate Communications. “We are proud that our associates continue to reach out and demonstrate their commitment to our local youth to educate them on financial literacy and preparedness as part of our community outreach efforts.”

Participating associates across the Company’s two call center locations were invited to purchase raffle tickets for prizes including baseball tickets for their Major League Baseball home team.  Asset Acceptance provided ballpark-style snacks for its associates and broadcasted local home openers.

For over 50 years, Asset Acceptance has provided credit originators, such as credit card issuers, consumer finance companies, retail merchants, utilities and others an efficient alternative in recovering defaulted consumer debt.

Community Asset is Asset Acceptance’s official community outreach program created to help improve the communities where the company lives and works. Asset Acceptance is committed to supporting community-based organizations and programs dedicated to fostering healthier living. In addition, Community Asset is a catalyst for Asset Acceptance associates to become involved and to provide leadership within our communities.

Junior Achievement is the world’s largest organization dedicated to giving young people the knowledge and skills they need to own their economic success, plan for their future, and make smart academic and economic choices. JA programs are delivered by corporate and community volunteers, and provides relevant, hands-on experiences that give students from kindergarten through high school knowledge and skills in financial literacy, work readiness and entrepreneurship. Today, JA reaches 4.2 million students per year in more than 120 markets across the United States, with an additional 6.5 million students served by operations in 117 other countries worldwide. Visit www.ja.org for more information.