Asta Funding Takes a 25% Interest in $560 Million Distressed Consumer Receivable Portfolio

ENGLEWOOD CLIFFS, NJ — Asta Funding, Inc. (Nasdaq: ASFI), a leading consumer receivables asset management and liquidation company, today announced that the company has financed a 25% interest in a $560 million portfolio of distressed consumer receivables from a new client and will receive its pro rata share of the profits. The portfolio was acquired at a substantial discount to its face value.

Since the end of May 2003, Asta Funding has acquired or participated in financing distressed consumer receivable portfolios with a cumulative face value of over $823 million.

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.