Founded in 1994 and formerly a publicly traded company on the NASDAQ (ASFI), Asta Funding, Inc. was a specialized financial firm focused on acquiring and managing portfolios of distressed consumer debt, including non-performing credit card, auto loan, and personal loan accounts. The company's business model involved purchasing these assets at a significant discount and then attempting to collect the outstanding balances. Over time, Asta diversified its operations into other niche finance areas, including funding personal injury claims through its subsidiary Pegasus Legal Funding and providing social security disability advocacy services through GAR Disability Advocates. In September 2018, the company was taken private by its chairman and CEO, Gary Stern, and subsequently terminated its public reporting obligations with the SEC.

Founded in

United States