Asta Funding, Inc. (ASTI) – A Leader in Asset Management
Asta Funding is a consumer receivable asset management company that purchases, manages, and eventually liquidates both performing and non-performing consumer receivables. These receivables include credit accounts issued by large grantors (i.e. Visa, Mastercard), as well as banks, telecom accounts and other consumer loans. The non-conforming consumer receivable market is growing all the time, as consumer debt increases during this state of relative economic unrest. While originating credit institutions have traditionally preferred to keep recovery efforts in-house, more and more lenders are beginning to sell their charged-off receivables for immediate funding. Since 1999, Asta has purchased nearly $18 billion in charged-off…
