Acquires, manages, collects and services portfolios of consumer receivables. These portfolios generally consist of one or more of the following types of consumer receivables: charged-off receivables; semi-performing receivables and performing receivables.
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Asta Funding is a very unique company that is in the business of buying bad debt from credit card companies and then sending their team of lawyers out to collect on that acquired debt. The secret to their success is that they are able to buy that… More
They had to borrow money from their Chairman of the Board, CEO, and members of their families, on an unsecured basis, to advance approximately $8.2 million to the Company.They have 293MM in debt and only 3.5MM in cash. They lost $.54/share in 2Q08.… More
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