Company Information

Get to know Asta Funding, Inc.

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.

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Asta Funding, Inc.

United States

Founded in

1994 (32 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

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Regulated

Recommended

IUX

(2,283 reviews)

Mauritius

2015

(10 years)

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ASIC

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This company is currently Unproved.

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License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.