NJ-based Asta Funding has made portfolio purchases of $2.1 billion in face value for a purchase price of approximately $102 million. The portfolio acquisitions included credit card paper with judgments in excess of $150 million, telecom paper of approximately $265 million, and other typical credit card portfolios. The sales were driven by the fall bankruptcy surge. Asta Funding previously reported third calendar quarter net income of $9 million. Finance income for the quarter was $20 million, a 35% increase compared to one-year ago. For complete details on Asta’s latest results, visit CardData ([www.carddata.com]).