MI-based Asset Acceptance Capital reported that it would incur net impairments on its purchased receivables in the range of $13.0 to $15.0 million in the third quarter. The net impairments will reduce purchased receivable revenues by $13.0 to $15.0 million. Additionally, the Company announced that as a result of the review of its cash collection projection models, it will be extending the lives on many portfolios acquired in 2004 and later up to 84 months. The Company also expects a $6.8 million increase in collections expense for the quarter compared to the third quarter 2006, primarily attributable to an increase of $3.7 million in legal costs and an increase of $2.1 million in contingent forwarding fees paid for agency and legal outsourced collections and an increase of $0.6 million in telecommunications expenses. For complete details on Asset Acceptance Capital’s latest performance visit CardData ([www.carddata.com]).