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Advanced Credit Repair - Dealing with Collection Agencies Discuss Am I the only one that didn't know this.... in the CREDIT AND LEGAL ISSUES forums; That Asset Acceptance was owned by Sallie Mae....
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Old 08-23-2007, 07:57 PM   #1
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Am I the only one that didn't know this....

That Asset Acceptance was owned by Sallie Mae.
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Old 08-23-2007, 08:01 PM   #2
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WHAT??

I had dealings with them earlier this year that the MI AG made go bye-bye...but I didn't know that.
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Old 08-23-2007, 08:06 PM   #3
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I know SM owns Arrow Fnancial, but not ass-ets.
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Old 08-23-2007, 08:10 PM   #4
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It's news to me.
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Old 08-23-2007, 08:17 PM   #5
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I am trying to verify. I came across it in an article about bankruptcy. I did just see they own 64% of Arrow. Looks like they also own Pioneer Credit Recovery and a few others.

Corporate structure

here was the article about asset Your Credit Report After Bankruptcy at Bankruptcy Law Network - Real Lawyers, Real Solutions
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Old 08-23-2007, 08:20 PM   #6
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It was also mentioned here Bankruptcy Student Loan Information And News

No direct mention in company pages that I can find yet.
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Old 08-23-2007, 08:37 PM   #7
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Asset is publicly traded, so the SEC should be helpful there.
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Old 08-23-2007, 08:47 PM   #8
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I'm not aware of Sallie Mae owning Asset. I knew that they had the stake in Arrow though.

I am more inclined to believe an author failed to adequately check their facts...
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Old 08-23-2007, 09:01 PM   #9
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Maybe they meant to say arrow and slipped...
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Old 08-23-2007, 09:15 PM   #10
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If Asset is publicly-traded, then Sallie Mae could only own a portion of the stock. If they own controlling interest it should be easy to find through their filings.

When I get a little time I'll see if I can find it.
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Old 08-23-2007, 11:40 PM   #11
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Methinks the little author of the article didn't check facts...here's the Lexis snapshot and the top 10 investors...if there's anything else you want to know about them...let me know...
Attached Files
File Type: pdf A$$et Acceptance Snapshot.pdf (11.3 KB, 14 views)
File Type: pdf A$$et Stockholders.pdf (4.5 KB, 14 views)
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