Asset Acceptance effectively paid $0.0295 for each dollar of debt it now controls. To value the portfolios’ per dollar cost, you divide the $59 million purchase price with the face value of $2 billion to arrive at just under 3 cents per dollar.
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Consumer Protection Updates
DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.
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