Asta Funding Inc. (ASFI) is "One to Watch"
Asta Funding Inc., based in Englewood Cliffs, NJ, is a leading consumer receivable asset management company that is focused on purchasing, managing, and liquating performing as well as non-performing consumer receivables. The Company generates revenues mainly by purchasing and collecting consumer receivables that have been either charged-off by the credit grantors or not considered to be prime receivables. The non-conforming and distressed consumer receivable market is continually expanding because of the rising levels of consumer debt. Even with the good economic conditions of the late 1990s, credit card and other consumer receivable charge-offs increased. To bring some numbers into perspective,…
