Asta Funding Purchases Two Distressed Consumer Receivable Portfolios Totaling $223 Million

ENGLEWOOD CLIFFS, NJ – Asta Funding, Inc. (Nasdaq: ASFI), a leading consumer receivables asset management and liquidation company, today announced that the company has recently purchased two portfolios of distressed consumer receivables totaling approximately $223 million. These portfolios were acquired at substantial discounts to their face value.

Asta Funding, Inc.
Based in Englewood Cliffs, NJ, Asta Funding, Inc., is a leading consumer receivables asset management company that specializes in the purchase, liquidation and management of performing and non-performing consumer receivables. Asta generates revenues and earnings primarily through purchase and collection of performing and non-performing consumer receivables. For additional information, please visit our website at www.astafunding.com.