Asta Funding Inc. (ASFI)

Asta Funding, Inc., together with its subsidiaries, engages in purchasing, managing for its own account, and servicing distressed performing and non-performing consumer receivables. It acquires, manages, collects, and services portfolios of consumer receivables, including charged-off receivables, semi-performing receivables, and performing receivables. These receivables consist of MasterCard, Visa, private label credit card accounts, telecommunication charge-offs, and other types of receivables. The company was founded in 1994 and is based in Englewood Cliffs, New Jersey.

For the fiscal year ended 30 September 2006, Asta Funding, Inc.'s revenues rose 47% to $102M. Net income rose 48% to $46M. Revenues reflect higher Finance income due to an increase in the average outstanding level of consumer receivable accounts and the presence of revenue from equity in earnings of venture. Net income also reflects higher finance income recognised from collection represented by account sale.