MI-based Asset Acceptance Capital reported fourth quarter revenues of $44.3 million, a 53.1% increase compared to 4Q/02. Net income for the fourth quarter increased to $11.1 million, a 73.2% increase compared to $6.4 million in the same period of 2002. During the fourth quarter, the Company paid $24.6 million to purchase consumer debt portfolios with a face value of $1.5 billion, for a blended rate of 1.68% of face value. Purchases during the fourth quarter consisted of 20 pools from 11 sellers. This compares to the fourth quarter of 2002, when the company purchased consumer debt portfolios with a face value of $1.6 billion for $33.0 million for a blended rate of 2.05% of face value. The company said all purchase data is adjusted for buybacks. During the fourth quarter, cash collections rose to $54.0 million, an increase of 61.5% from $33.4 million for the same period last year. For complete details on Asset Acceptance Capital’s 4Q/03 results visit CardData ([www.carddata.com]).