Asta Funding, Inc. · Englewood Cliffs, NJ United States ·(NASDAQ (GS): ASFI)
Company Description
View Asta Funding, Inc. Locations On A US Map
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This link will open in a new window Say Hasta luego to unpaid receivables. Asta Funding buys, sells, services, and collects unpaid credit card debts and consumer loans. The company buys delinquent accounts at a discount directly from the credit grantors, as well as indirectly through auctions and brokers. It buys credit card charge-offs from Visa, MasterCard, private labels, and banks, in addition to telecom and other industry charge-offs. The company then collects on its debt balances either internally or through an outsourced agency. Asta Funding also invests in semi-performing and nondelinquent receivables. Chairman Arthur Stern and his family control some 47% of the company. To read the full description, subscribe now.
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Key Asta Funding, Inc. Financials
| Company Type | Public - NASDAQ (GS): ASFI Headquarters |
| Fiscal Year-End | September |
| 2008 Sales (mil.) | $97.7 |
| 2008 Employees | 158 |
Asta Funding, Inc. Executives
10 executives listed for Asta Funding, Inc.'s Englewood Cliffs, NJ location.
| Title | Name & Bio | Contact |
| Chairman, President, and CEO | Gary Stern | Network |
| COO | Cameron Williams | Network |
| CFO | Robert Michel | Network |
Competition
Competitive Landscape for Asta Funding, Inc.
Demand for credit reporting and for collections services are driven by the volume of financial transactions, and by the health of the economy. The profitability of individual companies depends largely on efficiency of operations. The profitability of collections companies that buy receivables portfolios depends on their ability to assess recovery potential. Large credit reporting companies have significant economies of scale in operations. Small companies can compete successfully in the collections segment, where customer service and personal contact are important. To read the full description, subscribe now.Top Asta Funding, Inc. Competitors
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