MI-based Asset Acceptance Capital reported that total revenues declined 1.4% to $65.9 million in the second quarter. Purchased receivable revenues were $65.5 million for the quarter, an increase of 2.5%. During the quarter, the Company invested $38.1 million to purchase charged-off consumer debt portfolios with a face value of $1.1 billion, representing a blended rate of 3.40% of face value. Net income for the quarter was $8.3 million, compared to net income of $12.4 million for 2Q/06. Cash collections of $95.4 million in the second quarter is the second-highest single-quarter cash collections in the history of the Company, versus cash collections of $89.6 million in the year-ago period. For complete details on AACC’s latest results visit CardData ([www.carddata.com]).