Michigan-based charge-off purchaser, Asset Acceptance Capital, reported a 32.7% increase in total revenues, a 23.3% increase in cash collections. Revenues climbed to $66.0 million and cash collections of $80.4 million for the first quarter. Net income for the quarter was a record $15.1 million, compared with a net loss of $36.2 million for the first quarter of 2004. Asset reported that its average number of collectors grew 15.7% on a year-over-year basis to 1,000 collectors in the current period. For complete details on AACC’s first quarter performance, visit CardData ([www.carddata.com]).