Asta's CEO Talks About Rising Delinquencies in Interview

Published on:
12 September 2006 at 10:21 a.m. ET

Written by: Unknown Author –

http://www.insidearm.com/news/00025745-astas-ceo-talks-about-rising-delinquencie/

Asta Funding CEO Gary Stern sat down with TheStreet.com for an interview discussing the impact of rising credit card delinquencies on his company and the broader economy. The debt purchasing firm?s top exec told consumer finance reporter Gregg Greenberg that a recent rise in credit card late payments does help his company while putting a strain on the economy.

Also, Stern addressed comments made by an analyst about the mix of held portfolios at Asta.

To view the video of the interview, please visit Asta’s CEO Talks About Rising Delinquencies in Interview.