NASDAQ, ASFI - Asta Funding
The Company acquires, manages, collects and services portfolios of consumer
receivables for its own account. These portfolios generally consist of one or
more of the following types of consumer receivables:
? charged-off receivables ? accounts that have been written-off by the
originators and may have been previously serviced by collection agencies;
? semi-performing receivables ? accounts where the debtor is currently making
partial or irregular monthly payments, but the accounts may have been
written-off by the originators; and
? performing receivables ? accounts where the debtor is making regular
monthly payments that may or may not have been delinquent in the past.
We acquire these consumer receivable portfolios at a significant discount to the
total amounts actually owed by the debtors. ...
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