Asta Funding, Inc., a leading consumer receivables asset management and liquidation company, today announced that the company has acquired three distressed consumer receivable portfolios totalling US$490 million. All of these portfolios contained distressed consumer credit card receivables and were purchased at substantial discounts.
Based in Englewood Cliffs, New Jersey, Asta Funding, Inc., is a leading consumer receivables asset management company specialising in the purchase, liquidation and management of performing and non-performing consumer receivables, and the factoring of commercial receivables. Asta generates revenues and earnings primarily through purchase and collection of performing and non-performing consumer receivables and commercial factoring receivables. Asta has strategic alliances with some of the leading companies in the consumer receivables market.
Source: PR Newswire
