Asta Funding, Inc. (NASDAQ:ASFI) , a leading consumer receivables asset management and liquidation company, today announced that it has acquired a $33 million portfolio of distressed consumer receivables.
The portfolio consists of distressed consumer loans and was purchased at a significant discount.
“As we move close to the end of the first half of our fiscal year, our balance sheet remains very strong. We are well positioned to take advantage of portfolio opportunities as they become available,” Gary Stern president & CEO commented.
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